Market

Ringgit Expected To Trade In Tight Range Against US Dollar Next Week

KUALA LUMPUR, Oct 17 (Bernama) -- The ringgit is expected to trade within a tight range with an upward bias next week, between RM4.07 and RM4.09, following Malaysia’s higher-than-expected advance estimate of gross domestic product (GDP) growth for the third quarter of 2026 (3Q 2026).

Corporate

AiSEM@Selangor 2026 Targets Six Semiconductor Firms For IPO By 2030

KUALA LUMPUR, Oct 17 (Bernama) -- The  Artificial Intelligence (AI) and Semiconductor Summit 2026 (AiSEM@Selangor), one of the flagship components of the Selangor International Business Summit (SIBS) 2026, aims to support the growth of semiconductor and integrated circuit (IC) companies, with six firms in the pipeline to go public by 2030, said the Selangor Information Technology and Digital Economy Corporation (Sidec).

MBI Selangor Subsidiaries Form Strategic Alliance To Explore Dark Fibre Network 2.0

KUALA LUMPUR, Oct 16 (Bernama) -- Smartsel Sdn Bhd and Pengurusan Air Selangor Sdn Bhd (Air Selangor), key subsidiaries of Menteri Besar Selangor (Incorporation) (MBI Selangor), will explore the proposed Selangor Dark Fibre Network 2.0, which aims to leverage existing utility corridors to deploy high-capacity fibre networks.