Ringgit Opens Higher As AI Investment Concerns Weigh On Greenback

By Siti Noor Afera Abu and Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit opened higher on Friday as the greenback weakened after equity prices fell amid heightened concern over artificial intelligence (AI)-related investments.

Bursa Malaysia Ends At Intraday High, CI Up 0.36 Pct On Extended Bargain Hunting

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 22 (Bernama) -- Bursa Malaysia ended mixed on Thursday, with the benchmark index rising 0.36 per cent as bargain hunting continued in selected heavyweights, outperforming most regional markets, which closed lower, an analyst said.

Rubber Market Ends Lower Amid Weaker Regional Futures

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 21 (Bernama) -- The Kuala Lumpur rubber market ended lower on Wednesday, tracking weaker regional rubber futures amid expectations of easing raw material costs in Thailand and subdued downstream demand, a dealer said.

Ringgit Opens Higher On Strong Domestic Economic Data

By Karina Imran and Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Oct 21 (Bernama) -- The ringgit opened higher against the US dollar on Wednesday, supported by strong domestic economic data that strengthened expectations of a possible normalisation of the Overnight Policy Rate (OPR).

NGC Energy Eyes New Markets Following Ownership Change

KUALA LUMPUR, Oct 20 (Bernama) -- NGC Energy Sdn Bhd is looking to expand into new markets and strengthen its position in Malaysia’s liquefied petroleum gas (LPG) sector following a change in ownership of Perangsang Oil & Gas Sdn Bhd (POGSB), one of its shareholders.

Magna Prima Proposes Change Of Name To Hallson Group

KUALA LUMPUR, Oct 20 (Bernama) -- Magna Prima Bhd has proposed to change its company name to Hallson Group Bhd.

Ringgit Ends Flat On Caution Ahead Of Fed Meeting

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 20 (Bernama) -- The ringgit closed flat against the US dollar on Tuesday as investors remained cautious ahead of the US Federal Reserve’s (Fed) policy meeting next week, an analyst said.

Ringgit Opens Higher As Inflation Eases, OPR Normalisation In Focus

KUALA LUMPUR, Oct 20 (Bernama) -- The ringgit opened mostly higher against major currencies on Tuesday despite a stronger US dollar, supported by easing domestic inflation and expectations of a possible normalisation of the Overnight Policy Rate (OPR).

CGTN: Xi Urges Green Computing Push In Inner Mongolia’s Ulanqab

KUALA LUMPUR, Oct 19 (Bernama) -- Chinese President Xi Jinping has called for better use of wind and solar resources to develop the green computing industry during a recent visit to Ulanqab in north China’s Inner Mongolia Autonomous Region, according to China Global Television Network (CGTN).

Rubber Market Closes Higher Amid Stronger Economic Data

KUALA LUMPUR, Oct 19 (Bernama) -- The Kuala Lumpur rubber market closed higher on Monday, as stronger-than-expected key economic data supported market sentiment, said a dealer.

CIMB Expects Bank Indonesia To Raise Rates This Week

By Nik Nurfaqih Nik Wil

JAKARTA, Oct 19 (Bernama) -- CIMB Treasury and Market Research expects Bank Indonesia (BI) to raise its benchmark interest rate this week, bringing forward its previous December forecast amid mounting pressure on the rupiah and the risk of further capital outflows following MSCI’s proposed reclassification of Indonesia’s equity market.

Bursa Malaysia Eases In Early Trade, Tracks Wall Street Losses

KUALA LUMPUR, Oct 19 (Bernama) -- Bursa Malaysia’s benchmark index eased in early trade on Monday, tracking losses on Wall Street last Friday amid a sell-off in technology and artificial intelligence-related stocks.