Ringgit Ends Higher Against Greenback Amid Confidence In Malaysia’s Economic Fundamentals

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 28 (Bernama) -- The ringgit rebounded to close higher against the US dollar on Wednesday amid confidence in Malaysia’s economic fundamentals, supported by optimism over artificial intelligence (AI)-related investments and expectations of sustained domestic growth, an analyst said.

Berjaya Construction To Undertake RM1.2 Bln Sanglang Port Development Project

KUALA LUMPUR, Oct 28 (Bernama) -- Berjaya Construction Bhd is set to undertake the design-and-build works for the Sanglang Port development project in Perlis, which has an estimated total development cost of RM1.2 billion, including initial construction costs of RM675 million.

Rubber Market Ends Mixed, Supported By Regional Gains

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Oct 28 (Bernama) -- The Kuala Lumpur rubber market ended mixed today, tracking gains in regional rubber futures, said a dealer.

Maxis Shares Slip After Reports Of Revived Merger Plans With U Mobile

KUALA LUMPUR, Oct 28 (Bernama) -- Maxis Bhd shares slipped in late trading today following reports of renewed plans for a potential merger with U Mobile Sdn Bhd, which could create the country’s largest wireless operator.

BNM Imposes Penalties On Three Entities For Anti-money Laundering, Terrorism Breaches

KUALA LUMPUR, Oct 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMP) of RM276,000 each on AmBank (M) Bhd and AmBank Islamic Bhd for failing to submit cash threshold reports (CTR) promptly. 

Govt Reviews Power Supply Before Deciding On 24 Data Centre Applications

KUALA LUMPUR, Oct 28 (Bernama) -- The government has yet to decide on 24 new data centre applications as it assesses whether electricity supplies can meet the needs of 117 projects already approved, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.

Late Buying Lifts Bursa Malaysia To Close Slightly Higher

By K. Naveen Prabu & Danni Haizal Danial Donald

KUALA LUMPUR, Oct 28 (Bernama) -- Late buying in selected heavyweight stocks, particularly utility counters, lifted Bursa Malaysia to close marginally higher on Wednesday, in line with regional markets.

No Firm Evidence Linking Malaysian Companies To Indonesia Fires – Arthur

KUALA LUMPUR, Oct 28 (Bernama) -- There is no conclusive evidence that Malaysian-linked plantation companies were responsible for fires in Indonesia, Natural Resources and Environmental Sustainability (NRES) Minister Datuk Seri Arthur Joseph Kurup said.

Vertex Material Plans NASDAQ Listing By 2Q-3Q Next Year, Eyes US$300-400 Mln

KUALA LUMPUR, Oct 28 (Bernama) -- Malaysian advanced materials company and deep-tech unicorn, Vertex Material plans to list on the US NASDAQ stock exchange in the second or third quarter of next year, targeting to raise funds of US$300 million to US$400 million (US$1=RM4.08), said its chief executive officer Chris Lai.

Sabah's Federal Development Expenditure At 71.78 Pct As Of Oct 26

KOTA KINABALU, Oct 28 (Bernama) -- Sabah's federal development expenditure performance has increased to 71.78 per cent as of Oct 26, up from 52.07 per cent on Aug 10 this year, said Chief Minister Datuk Seri Hajiji Noor.

Pacifica Hotels To Open Courtyard By Marriott In Japan’s Takayama

KUALA LUMPUR, Oct 28 (Bernama) -- Japanese hotel operator, Pacifica Hotels G.K. has signed a franchise agreement with Marriott International to open a Courtyard by Marriott hotel in Takayama, Gifu prefecture, in autumn 2028.

Subsidies, Cash Aid As Temporary Buffers Must Lead To Financial Independence - Experts

By Sakini Mohd Said

KUALA LUMPUR, Oct 28 (Bernama) -- The success of government subsidies and cash assistance should be measured not merely by allocations or the number of recipients, but by their effectiveness as temporary financial buffers while helping recipients raise their incomes and achieve long-term financial independence.