Bursa Malaysia Opens Higher

KUALA LUMPUR, July 6 (Bernama) -- Bursa Malaysia opened higher today, supported by improved investor sentiment, tracking Wall Street’s mostly positive performance last Friday.

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.

Agrobank's Trader Engagement Sessions Attract Over RM8 Mln In Financing Applications

KOTA KINABALU, July 5 (Bernama) -- Agrobank has received financing applications totalling more than RM8 million through its series of engagement sessions with hawkers and micro-entrepreneurs to date, underscoring the positive response to the bank's on-the-ground efforts to expand access to financing for small businesses.

Agrobank Remains Optimistic About Agri-food Sector's Resilience Amid Global Challenges

By Norhayati Mohd Akhir

PUTRAJAYA, July 5 (Bernama) -- Agrobank remains optimistic about the resilience of the country's agri-food sector despite economic uncertainty and global supply chain disruptions.

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.

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.

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.

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.

Ringgit Ends Higher Against US Dollar On Favourable Asian Currency Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, July 3 (Bernama) -- The ringgit ended higher against the US dollar at the close of the trading week, supported by favourable Asian currency sentiment following the latest United States Nonfarm Payrolls (NFP) data.

Rebound In Banking Stocks Lifts Bursa Malaysia At Close

KUALA LUMPUR, July 3 (Bernama) -- Bursa Malaysia ended Friday’s trade with a bounce on the back of a rally in banking stocks as investor sentiment improved following softer-than-expected US labour market data.

ROYC To Establish Luxembourg Feeder Fund For Slättö

KUALA LUMPUR, July 3 (Bernama) -- ROYC, a global structuring and platform provider, has been selected by Slättö, a Nordic private markets real estate firm, to establish and manage a Luxembourg-domiciled feeder fund to efficiently aggregate individual subscriptions from professional investors.