Ringgit Opens Slightly Higher Versus Greenback Amid Soft US Data

KUALA LUMPUR, Aug 5 (Bernama) -- Ringgit opened slightly higher against the US dollar on Wednesday, supported by weaker-than-expected US economic data that weighed on the greenback.

Ringgit Eases Versus US Dollar, Ends Higher Against Other Major Currencies

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 4 (Bernama) -- The ringgit ended lower against the US dollar although it strengthened versus other major currencies on Tuesday, as the greenback remained supported by stronger-than-expected US manufacturing data.

Malaysia Needs To Look Beyond Data Centres To Attract Global Capital

KUALA LUMPUR, Aug 4 (Bernama) -- Malaysia needs to move beyond data centres and nurture larger listed technology companies to attract global portfolio investment, said Principal Asset Management Bhd chief executive officer Munirah Khairuddin.

Hainan Delegation Strengthens ASEAN Trade Cooperation

KUALA LUMPUR, Aug 4 (Bernama) -- An economic and trade delegation from Hainan Province, China, recently concluded a five-day visit to Thailand and Indonesia, promoting Hainan Free Trade Port policies, key industrial parks and investment opportunities.

Malaysia's Business Events Industry To Generate RM34.97 Bln economic Impact By 2030

KUALA LUMPUR, Aug 4 (Bernama) -- Malaysia's business events industry is projected to generate a cumulative economic impact of RM34.97 billion by 2030, driven by ongoing and strategic initiatives, said Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing.

MITI Says No Official Decision Yet On BYD's Tanjung Malim Investment

KUALA LUMPUR, Aug 4 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) has yet to receive any official information on whether Chinese electric vehicle (EV) maker BYD will proceed with its planned investment in Tanjung Malim, Perak.

Govt Mulls Levy On EV Sales To Fund Public Charging Network

KUALA LUMPUR, Aug 4 (Bernama) -- The government is considering imposing a levy on every electric vehicle (EV) sold to establish a fund for expanding Malaysia's public EV charging network, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.

Bursa Malaysia Opens Higher, Retreats Amid Cautious Sentiment

KUALA LUMPUR, Aug 4 (Bernama) -- Bursa Malaysia opened higher on Tuesday but subsequently retreated as investors remained cautious amid persistent uncertainties in global markets, an analyst said.

Ringgit Opens Higher Against Major Currencies, Nearly Unchanged Against US Dollar

KUALA LUMPUR, Aug 4 (Bernama) -- The ringgit opened higher against other major currencies and was almost unchanged versus the US dollar on Tuesday following the release of the US Institute for Supply Management (ISM) Manufacturing PMI data.

Indonesia Eyes US$20 Bln In Bilateral Trade With Thailand Under Strategic Roadmap

JAKARTA, Aug 3 (Bernama) -- Indonesia is optimistic about achieving US$20 billion in bilateral trade with Thailand by 2030 following the adoption of the Indonesia-Thailand Strategic Partnership Roadmap 2026-2030 on Monday.

PM Anwar's Directive On Foreign Restaurant Workers Shows Govt Listens To Industry Concerns - FMBA

KUALA LUMPUR, Aug 3 (Bernama) -- The Federation of Malaysian Business Associations (FMBA) has commended Prime Minister Datuk Seri Anwar Ibrahim's directive to resolve outstanding foreign worker employment applications, with priority for the restaurant sector, within a month.

Detailed Study Needed To Assess Anti-competitive Practices On E-commerce Platforms -- Senator

KUALA LUMPUR, Aug 3 (Bernama) -- Low prices for goods offered on e-commerce platforms cannot be directly considered as predatory pricing or anti-competitive practices, said Deputy Minister in the Prime Minister’s Department (Religious Affairs) Senator Marhamah Rosli.