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Ringgit Closes Higher Against Major Currencies On Strong Economic Data

By Zufazlin Baharuddin

KUALA LUMPUR, Oct 19 (Bernama) -- The ringgit closed higher against a basket of major currencies on Monday, supported by Malaysia’s latest economic data, although it slipped versus the US dollar.

GDB Unit Secures RM118.99 Mln Sarawak Flood Forecasting Programme Subcontract

KUALA LUMPUR, Oct 19 (Bernama) -- GDB Holdings Bhd’s (GDB) wholly owned subsidiary, GDB Infra Sdn Bhd, has secured a RM118.99 million subcontract for Phase 3 of the National Flood Forecasting and Warning Programme (PRAB) in Sarawak.

MBSB IB Upgrades 2026 Export Growth Forecast To 32 Pct, Imports To 26 Pct

KUALA LUMPUR, Oct 19 (Bernama) -- MBSB Investment Bank Bhd (MBSB IB) has upgraded its 2026 growth projection for exports to 32 per cent (2025: 6.6 per cent) and imports to 26 per cent (2025: 6.0 per cent), given the stronger-than-expected performance in September.

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).

Data Centre Bill To Be Presented To Cabinet In 2027 -- Akmal Nasrullah

PUTRAJAYA, Oct 19 (Bernama) -- The government plans to draft the Digital Infrastructure (Data Centre) Bill for submission to the Cabinet next year to regulate the growth of the data centre industry in line with the country's energy and water supply capacity.

Bursa Malaysia's Key Index Ends Below 1,600 Support Level, Banking Stocks Weigh

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 19 (Bernama) -- Bursa Malaysia’s benchmark index extended its decline to close below the 1,600 support level as persistent foreign selling weighed on banking heavyweights, said an analyst.  

KL20 Startup Investments Generate RM202.64 Bln In Sales Proceeds Since 2024

KUALA LUMPUR, Oct 19 (Bernama) -- Investments in startups since the launch of KL20 in 2024 have generated total sales proceeds of RM202.64 billion, said Economy Minister Akmal Nasrullah Mohd Nasir.

Horizon3 Sets Up ASEAN Headquarters In Singapore

KUALA LUMPUR, Oct 19 (Bernama) -- Cybersecurity firm Horizon3 is setting up its ASEAN headquarters and a regional centre of excellence in Singapore, backed by new investments from EDBI and its parent, SG Growth Capital, the investment platform set up by the Singapore Economic Development Board and Enterprise Singapore.

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.

Malaysia Is Back In Business, Amir Hamzah Tells IMF-World Bank Meetings

By Kenny Teng

BANGKOK, Oct 19 (Bernama) -- Malaysia’s message at the International Monetary Fund (IMF)-World Bank Group Annual Meetings here is clear: the country is back in business, backed by political stability, policy clarity and sustained reforms that are strengthening investor confidence amid global uncertainty.

Malaysia’s Exports Surpass RM200 Bln For First Time, Surging 54.5 Pct In September

KUALA LUMPUR, Oct 19 (Bernama) -- Malaysia's exports surpassed RM200 billion for the first time in September, surging 54.5 per cent year-on-year to a record RM215.11 billion, marking the fastest growth since April 2021.

Emulate Pahang's Low-Cost Housing Project Incorporating Solar Systems, State Govts Told

KUALA LUMPUR, Oct 19 (Bernama) -- The Federal Government has not yet introduced solar photovoltaic (PV) installation assistance specifically for the low-income group, but is encouraging state governments to provide low-cost housing equipped with solar systems.