By Muhammad Fawwaz Thaqif Nor Afandi and Rosemarie Khoo Mohd Sani
KUALA LUMPUR, Oct 14 (Bernama) -- The ringgit opened marginally higher against the US dollar on Wednesday, supported by a weaker US Dollar Index (DXY) as investors reassessed the outlook for US interest rates following signals that the Federal Reserve may adopt a less aggressive monetary policy stance.
By Kenny Teng Khoon Hock
BANGKOK, Oct 13 (Bernama) -- Malaysia aims to reduce its fiscal deficit to below three per cent of gross domestic product (GDP) within the next two years through fiscal consolidation, targeted subsidy reforms and stronger private-sector participation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Oct 13 (Bernama) -- Telecommunications engineering solutions provider Binasat Communications Bhd has proposed a private placement of up to 60.43 million new shares, representing up to 10 per cent of its total issued shares, to third-party investors to raise funds.
By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Oct 13 (Bernama) -- The ringgit closed slightly lower against the US dollar on Tuesday as investors remained cautious ahead of the United States inflation data due tomorrow, an analyst said.
KUALA LUMPUR, Oct 13 (Bernama) -- The Malaysian public portion of RedPlanet Bhd’s initial public offering (IPO) has been oversubscribed by 85.28 times, with 7,031 applications for 1.77 billion shares worth approximately RM336.72 million received.
By Karina Imran
KUALA LUMPUR, Oct 13 (Bernama) -- Malaysia is capable of achieving its fiscal deficit target of 3.3 per cent of gross domestic product (GDP) under Budget 2027, provided the assumptions underpinning the budget hold amid global economic and geopolitical uncertainties, said Tengku Datuk Seri Zafrul Abdul Aziz.
By Siti Noor Afera Abu & Naveen Prabu
KUALA LUMPUR, Oct 13 (Bernama) -- Bursa Malaysia ended higher on Tuesday as bargain hunting continued in banking and healthcare stocks amid a mixed performance in major Asian equities.
ALOR SETAR, Oct 13 (Bernama) -- Financial literacy and investment awareness need to be strengthened to ensure that Malaysians are capable of making sound financial decisions and avoid becoming victims of increasingly sophisticated online investment scams.
BANGKOK, Oct 13 (Bernama) -- Malaysia’s palm oil industry must balance sustainability with long-term profitability and growth, while ensuring that rising compliance costs do not disproportionately burden smallholders, said Malaysian Palm Oil Association (MPOA) chief executive officer Roslin Azmy Hassan.
KUALA LUMPUR, Oct 13 (Bernama) -- The Federation of Investment Managers Malaysia (FIMM) recently reprimanded two former Unit Trust Scheme (UTS) consultants for their misconducts/breaches of FIMM’s Code of Ethics.
KUALA LUMPUR, Oct 13 (Bernama) -- NWE Resources Group Bhd’s initial public offering (IPO) portion made available to the Malaysian public was oversubscribed by 2.82 times ahead of its listing on the ACE Market of Bursa Malaysia.
KUALA LUMPUR, Oct 13 (Bernama) -- Labuan International Business and Financial Centre (Labuan IBFC) has climbed 11 places to rank 44th out of 117 global financial centres in the latest Global Financial Centres Index (GFCI 40).
