Ringgit Opens Flat Against Greenback As Traders Reassess US Rate Hike Prospects

KUALA LUMPUR, July 6 (Bernama) -- The ringgit opened mostly flat against the US dollar on Monday as traders reassessed the likelihood of a United States (US) interest rate hike following a weaker-than-expected US nonfarm payrolls (NFP) data.

Tomei Calls For Import Duty Waiver On Stamped Gold Bars

By Niam Seet Wei

KUALA LUMPUR, July 5 (Bernama) -- Tomei Consolidated Bhd hopes the government will exempt imported stamped gold bars from the 10 per cent import duty to keep gold investment affordable for ordinary Malaysians.

FMM Calls For Balanced US Approach To Proposed Section 301 Tariff Action

KUALA LUMPUR, July 5 (Bernama) -- The Federation of Malaysian Manufacturing (FMM) has urged the United States (US) to adopt a balanced approach to its proposed Section 301 tariff action on imports linked to forced labour, cautioning that blanket duties could penalise compliant Malaysian manufacturers and disrupt established supply chains.

PM Anwar Officiates SParK 2026, PUNB Targets RM2.25 Bln In Financing Approval For 2026-2030

PUTRAJAYA, July 4 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today officiated the launch of SParK 2026: Business Transformation, the flagship platform of Perbadanan Usahawan Nasional Bhd (PUNB).

CPO Futures Likely To Trade Within RM4,200-RM4,300 Next Week

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 4 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade within the range of RM4,200 to RM4,300 next week, due to anticipated profit-taking activities and mixed supply-and-demand signals, said an industry trader.

Ringgit Forecast To Trade At RM4.05-RM4.07 Against US Dollar Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, July 4 (Bernama) -- The ringgit is expected to trade between RM4.05 and RM4.07 against the US dollar next week, with market attention likely to centre on the United States Federal Open Market Committee (FOMC) minutes and Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting.

Gold Futures To Trade Range-bound With Upward Bias Next Week

By Abdul Hamid A Rahman

KUALA LUMPUR, July 4 (Bernama) -- Gold futures on Bursa Malaysia Derivatives are expected to trade range-bound with an upward bias next week.

KLCI Futures Likely To Trade Within 1,670–1,690 Range Next Week

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 4 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to remain cautiously positive next week, trading within the 1,670-1,690 points range, supported by bargain hunting, easing external pressures, and improving regional sentiment.

Bursa Malaysia Poised To Extend Uptrend, Eyes 1,700 Level Next Week

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 4 (Bernama) -- Bursa Malaysia’s benchmark index is expected to extend its recovery next week and test the psychological 1,700-point level, underpinned by Friday's strong rebound and continued buying from local institutional investors.

CPO Futures Extend Losses On Rising Output, Stocks Concerns

By Nur Athirah Mohd Shaharuddin

KUALA LUMPUR, July 3 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its losses to close lower on Friday, weighed by concerns over rising production and expectations of higher stock levels.

MACC Concludes Investigation Into Rohas Unit, No Further Action To Be Taken

KUALA LUMPUR, July 3 (Bernama) -- Rohas Tecnic Bhd’s 86.8 per cent-owned unit, HG Power Transmission Sdn Bhd (HPGT), has received confirmation from the Malaysian Anti-Corruption Commission (MACC) that its investigation involving the company has been concluded, with no further action to be taken against the company or its officers.

KLCI Futures Close Higher

KUALA LUMPUR, July 3 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended higher in line with the positive performance of the cash market.