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Ringgit Ends Higher Against Major Currencies, Lower Versus US Dollar

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 7 (Bernama) -- The ringgit closed higher against most major currencies but lower against the US dollar on Wednesday, as the greenback strengthened broadly amid renewed concerns over Europe’s fiscal outlook, an analyst said.

Yinson Prices US$1.458 Bln In Bonds To Refinance Agogo FPSO

KUALA LUMPUR, Oct 7 (Bernama) -- Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has priced US$1.458 billion (US$1=RM4.08) in bonds to refinance its Agogo floating production, storage and offloading (FPSO) vessel off the coast of Angola.

ASEAN Launches School of Regulation To Strengthen Regional Energy Cooperation

KUALA LUMPUR, Oct 7 (Bernama) -- The ASEAN School of Regulation (ASR) has been officially launched at the 44th ASEAN Ministers on Energy Meeting (AMEM), marking a major step towards strengthening regulatory capabilities and regional cooperation to support ASEAN’s energy transition and interconnected power systems.

Young Diplomats Need To Master Volatile Changes In Global Geopolitical And Geo-economic Landscape

PUTRAJAYA, Oct 7 (Bernama) -- Young prospective diplomats need to be exposed to a variety of approaches and experiences to enable them to adapt to the increasingly volatile changes in the global geopolitical and geo-economic landscape.

PEN SJ Electronics To Invest Over US$70 Mln In Penang, Create More Than 1,000 Jobs

GEORGE TOWN, Oct 7 (Bernama) -- PEN SJ Electronics Sdn Bhd has pledged to invest over US$70 million (US$1=RM4.08) to establish an advanced packaging materials and thermal management solutions facility in Penang, which is expected to create more than 1,000 jobs.

Budget 2027: Penang Hopes For Good News On Penang Technology Financial Centre, 7 Projects Under RP2

GEORGE TOWN, Oct 7 (Bernama) -- Penang hopes Budget 2027 will bring good news regarding the proposal to establish the Penang Technology Financial Centre (PTFC) in collaboration with the federal government to strengthen the state’s technology ecosystem.

PJBumi Gets Bursa Malaysia Nod For Proposed Share Split

KUALA LUMPUR, Oct 7 (Bernama) -- Bursa Malaysia Securities Bhd has approved PJBumi Bhd’s proposed share split, expected to boost trading liquidity and attract a broader investor base by lowering trading prices. 

ECRL Testing On Track, Board Members Assess System Readiness

KUALA LUMPUR, Oct 7 (Bernama) — Malaysia Rail Link Sdn Bhd (MRL) has marked another positive milestone by holding two board committee meetings onboard the ECRL comprehensive inspection train (CIT) during a return trip from Gombak Integrated Terminal ECRL Station to the KotaSAS ECRL Station, Pahang.

160,000 Exempted Taxpayers Can Choose To Continue Using e-Invoice -- Liew

KUALA LUMPUR, Oct 7 (Bernama) -- Approximately 160,000 taxpayers who have registered for e-Invoicing but are now exempted can choose whether to continue using the system or not.

SST Remains, But Suitable GST Features Could Curb Tax Cascading -- Liew

KUALA LUMPUR, Oct 7 (Bernama) -- The proposal to integrate elements of the goods and services tax (GST) with the sales and service tax (SST) aims to ensure no cascading tax effect in the country’s taxation system, said Deputy Finance Minister Liew Chin Tong.

Malaysia Has Potential To Exceed 2026 Palm Oil Production Target - Noraini

KUALA LUMPUR, Oct 7 (Bernama) -- Malaysia is on track to exceed its palm oil production target for 2026, following encouraging production performance, said Minister of Plantation and Commodities Datuk Seri Dr Noraini Ahmad.

Budget 2027: Fiscal Deficit Expected To Narrow To 3.3 Pct Of GDP - Apex Securities

KUALA LUMPUR, Oct 7 (Bernama) -- Malaysia’s fiscal deficit is expected to narrow to RM76 billion, or 3.3 per cent of gross domestic product (GDP), in 2027 from an estimated 3.5 per cent in 2026, keeping the government on track towards its medium-term target of 3.0 per cent by 2028