Malaysia Targets Fiscal Deficit Below 3 Pct Within Two Years – Amir Hamzah

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.

HIS TIZA To Buy 30 Pct Stake In Mentiga For RM21 Mln

KUALA LUMPUR, Oct 13 (Bernama) -- HIS TIZA Pahang Sdn Bhd (HTP) is acquiring a 30 per cent stake in Pahang-based plantation group Mentiga Corporation Bhd for RM21 million in cash from its largest shareholder, Amanah Saham Pahang Bhd (ASPA).

Bursa Malaysia Ends Higher As Bargain Hunting Continues In Banking And Healthcare Stocks

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. 

Budget 2027 Expansionary, Focuses On Economic Resilience – RAM Ratings

KUALA LUMPUR, Oct 13 (Bernama) -- Budget 2027 is seen as expansionary, prioritising economic resilience while ensuring continued fiscal consolidation amid elevated external uncertainty, RAM Rating Services Bhd (RAM Ratings).

Malaysia’s Palm Oil Industry Must Strike Balance Between Sustainability, Profitability – MPOA

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.

FBM KLCI Ends Morning Session Higher On Bargain Hunting

KUALA LUMPUR, Oct 13 (Bernama) -- Bursa Malaysia rebounded at midday, supported by bargain hunting in selected heavyweights, led by the banking and energy counters.

CPO Prices Expected At RM4,400-RM4,600/mt As El NiÑo Raises 2027 Outlook - Analysts

KUALA LUMPUR, Oct 13 (Bernama) -- Crude palm oil (CPO) prices are expected to remain under pressure from high stockpiles and seasonal production, with the possibility of El Niño supporting prices in 2027, according to research houses.

Bursa Malaysia Stays Lower At Mid-Morning On Mild Profit Taking

KUALA LUMPUR, Oct 13 (Bernama) -- Bursa Malaysia stayed lower at mid-morning on Tuesday amid mild profit-taking in selected heavyweight counters, as geopolitical tensions rose after attacks on Saudi Arabia. 

Budget 2027 Strengthens Sustainability, Climate Resilience Agenda - Kenanga IB

KUALA LUMPUR, Oct 13 (Bernama) -- Budget 2027 reinforces Malaysia’s sustainability policy direction across decarbonisation, climate resilience and social inclusion, said Kenanga Investment Bank Bhd (Kenanga IB).

IJM Shares Fall Despite Securing RM1.23 Bln Construction Contract In Kedah

KUALA LUMPUR, Oct 13 (Bernama) -- IJM Corporation Bhd shares fell in early trading today despite its unit securing a RM1.23 billion construction contract in Kedah.

Bursa Malaysia Opens Lower As Geopolitical Risks, Oil Prices Weigh On Sentiment

KUALA LUMPUR, Oct 13 (Bernama) -- Bursa Malaysia retreated to open lower on Tuesday, tracking Wall Street’s mixed performance overnight as persistent geopolitical uncertainties and rebounding oil prices weighed on market sentiment.

Budget 2027 Optimism Lifts Ringgit Despite External Headwinds

By Muhammaf Fawwaz Thaqif Nor Afandi and Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Oct 13 (Bernama) -- The ringgit edged higher against the US dollar at the opening, buoyed by optimism surrounding Budget 2027.