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MAG, Citi Announce US$75 Mln Trade Finance Facility To Strengthen Supply Chain

KUALA LUMPUR, Oct 23 (Bernama) -- Malaysia Aviation Group (MAG) and Citibank Bhd (Citi) have announced a US$75 million (US$1=RM4.07) structured trade finance facility to improve working capital management, enhance liquidity and strengthen supply chain resilience to support MAG’s operational requirements across Asia.

Bursa Malaysia Lower At Midday

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia ended the morning trading session lower, in tandem with most regional markets following weaker Wall Street performance overnight. 

Budget 2027: RM16 Bln STR, SARA Allocation Set To Boost Household Spending, Retail Sector

KUALA LUMPUR, Oct 23 (Bernama) -- The government’s higher RM16 billion allocation for Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA), along with the personal income tax measure under Budget 2027, is expected to sustain household consumption and support retail sector earnings, particularly among essential goods and value retailers.

PM Anwar Fulfils Promise To Expedite Flood Mitigation Projects, Help Long-Suffering Victims

By Mikhail Raj Abdullah

KUALA LUMPUR, Oct 23 (Bernama) -- Staying true to Prime Minister Datuk Seri Anwar’s promise made more than three years ago, the government has expedited the implementation of flood mitigation projects to ease the burden and financial hardship inflicted on victims almost seasonally by this natural disaster.

Bursa Malaysia Lower In Early Trading

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking weaker overnight performance on Wall Street. 

Economy Ministry Seeks Industry Input On Malaysia’s Energy Transition

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Economy has called on industry players to submit policy recommendations on energy storage, the hydrogen economy and smart grid deployment to advance Malaysia’s energy transition.

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.

Malaysia Retains Top Spot In Global Islamic Finance Development Rankings For 14th Consecutive Year

KUALA LUMPUR, Oct 22 (Bernama) -- Malaysia has retained its position as the world's most developed Islamic finance market in the 2026 Islamic Finance Development Indicator (IFDI) report for the 14th consecutive year, amid nine per cent growth in the global Islamic finance market to US$6.5 trillion (US$1 = RM4.07).

Repayment Deferments Extended To Nepal-China Flood Victims, Says BNM

KUALA LUMPUR, Oct 22 (Bernama) -- Repayment deferments have since been extended to victims affected by the recent floods along the Nepal-China border, Bank Negara Malaysia (BNM) said.

Taiwan’s CTBC Bank Wins Three CorporateTreasurer Awards In Singapore

KUALA LUMPUR, Oct 22 (Bernama) -- Taiwan’s CTBC Bank has won three awards at The CorporateTreasurer Awards 2026 in Singapore, including Best for FX/Hedging Solutions – North Asia, marking its fifth recognition from the publication.

Ringgit Ends Easier vs US Dollar, Major Currencies Ahead of FOMC Meeting

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit closed lower against the greenback and other major currencies on Thursday as investors remained cautious ahead of next week’s two-day US Federal Open Market Committee (FOMC) meeting.

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.