Ringgit Opens Higher Against US Dollar, Major Currencies

KUALA LUMPUR, Oct 27 (Bernama) -- The ringgit opened higher against the US dollar and other major currencies on Tuesday as Malaysia’s resilient economic fundamentals continued to support the local note amid lingering geopolitical risks in West Asia, an analyst said.

STR, SARA To Help Households Cope With Rising Living Costs, A Short-Term Assistance

KUALA LUMPUR, Oct 27 (Bernama) -- The Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) assistance programmes must remain short-term measures rather than permanent features, as they are designed to help households cope with rising living costs and maintain their purchasing power, an economist said.

Aneka Jaringan Unit Bags RM53.35 Mln Bored Piling Contract

KUALA LUMPUR, Oct 26 (Bernama) -- Aneka Jaringan Holdings Bhd’s wholly-owned subsidiary, Aneka Jaringan Sdn Bhd (AJSB), has accepted a letter of award (LoA) worth RM53.35 million for bored piling works at Rio City Town Centre, Puchong, Selangor.

Citaglobal To Divest Entire 20 Pct Stake In Manjaran To BProperty For RM50 Mln In Shares

KUALA LUMPUR, Oct 26 (Bernama) -- Citaglobal Bhd has entered into a conditional agreement to sell its entire 20 per cent stake in Manjaran Sdn Bhd to Berjaya Property Bhd (BProperty) for RM50 million, which will be fully paid in BProperty shares.

Ringgit Ends Lower Against US Dollar, Higher Against Most Currencies

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 26 (Bernama) -- The ringgit closed lower against the US dollar but strengthened against most major and ASEAN currencies on Monday as investors remained cautious ahead of the US Federal Reserve’s (Fed) policy meeting, an analyst said.

TeleChoice Unit Clinches S$1.3 Bln Contract Renewal From U Mobile

KUALA LUMPUR, Oct 26 (Bernama) -- Singapore Exchange Mainboard-listed TeleChoice International Ltd’s unit Planet Telecoms Managed Services Sdn Bhd (PTMS) will continue providing end-to-end supply chain services to U Mobile Sdn Bhd after renewing a contract valued at an estimated S$1.3 billion (S$1=RM3.19).

New Financial Sector Blueprint Eyes Bigger Role For Islamic Finance In Malaysia’s Economic Transformation -- BNM Governor

By M.Saraswathi & Karina Imran

KUALA LUMPUR, Oct 26 (Bernama) -- Bank Negara Malaysia (BNM) wants Islamic financial institutions to play a greater role in financing the country's next phase of economic transformation, an aspiration that would be reflected in the financial sector blueprint planned in 2027.

Vietnam-Malaysia-Singapore Renewable Energy Project Secures Singapore's Conditional Approval

KUALA LUMPUR, Oct 26 (Bernama) -- The Vietnam-Malaysia-Singapore (VMS) renewable electricity initiative has reached an important milestone, with Singapore’s Energy Market Authority (EMA) granting conditional approval to Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries, the designated importer for the proposed project, said a joint statement.

Sibu SEZ: Better Air Links, High-Tech Infrastructure Key To Attracting Investors

SIBU, Oct 26 (Bernama) -- Improved air connectivity and high-tech infrastructure must be prioritised under the proposed Sibu Economic Zone (SEZ) to attract investment, skilled talent and high-value industries to central Sarawak, says local entrepreneur Dr Gregory Hii Sui Cheng.

Malaysia To Benefit From Cross-border Power Project - Fadillah

SINGAPORE, Oct 26 (Bernama) -- Malaysia stands to benefit from a cross-border electricity project involving Petroliam Nasional Bhd (Petronas) and Tenaga Nasional Bhd (TNB) through local contractor participation, engineering expertise and the development of renewable energy certificate mechanisms, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Bursa Malaysia Ends Morning Session Lower Amid Ongoing West Asia Tensions

KUALA LUMPUR, Oct 26 (Bernama) -- Bursa Malaysia ended the morning session lower today, weighed down by escalating geopolitical tensions in West Asia.

NGC Energy Eyes Growth Through Stronger Shareholder Partnership, Infrastructure Opportunities

KUALA LUMPUR, Oct 26 (Bernama) -- Liquefied petroleum gas (LPG) solutions provider, NGC Energy Sdn Bhd aims to venture abroad while strengthening its presence in the domestic market, supported by its evolving shareholder structure and potential infrastructure opportunities.