Kenanga Raises Loan Growth Forecast To 5.5-6.0 Pct, Expects OPR To Stay At 2.75 Pct

KUALA LUMPUR, Nov 2 (Bernama) -- Kenanga Investment Bank Bhd has raised its loan growth forecast for this year to a range of 5.5 per cent to six per cent from five per cent to 5.5 per cent, with projections extended into 2027.

Foreign Investors Return To Net Buying With US$323.1 Mln Net Inflows

KUALA LUMPUR, Nov 2 (Bernama) -- Foreign institutions returned to net buying on Bursa Malaysia, recording US$323.1 million in net inflows, according to MBSB Investment Bank Bhd (MBSB IB).

Bursa Malaysia Opens Lower As Weak Wall Street Performance Dampens Sentiment

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Nov 2 (Bernama) -- Bursa Malaysia opened lower on Monday, weighed down by Wall Street’s weaker performance last Friday, which dampened investor sentiment.

Ringgit Opens Higher On Expectations Of OPR Normalisation

KUALA LUMPUR, Nov 2 (Bernama) -- The ringgit opened higher against the US dollar and major currencies on Monday, supported by expectations of a possible overnight policy rate (OPR) normalisation ahead of Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting this Thursday.

Mother’s Determination Turns Home-based Soursop Venture Into Growing Business

KUALA LUMPUR, Nov 1 (Bernama) -- When her child was diagnosed with eye cancer, Zai Suhana Mohd Tap, 44, faced the difficult decision of leaving her job to become a full-time caregiver while finding another way to support her family.

CIMB Islamic, PSDC Offer Technical Skills Training To Underprivileged Youth

GEORGE TOWN, Oct 31 (Bernama) -- CIMB Islamic Bank Bhd, in collaboration with the Penang Skills Development Centre (PSDC), has introduced a technical skills training programme to help underprivileged youth secure employment in Malaysia's electrical and electronics (E&E) and manufacturing sectors.

Short-term Rates Set To Remain Stable Next Week On BNM Operations

KUALA LUMPUR, Oct 31 (Bernama) -- Short-term interbank rates are expected to remain stable next week, supported by Bank Negara Malaysia’s (BNM) financial system operations.

Stronger Financing Support Key To Growing Malaysia's Bunkering Sector

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 31 (Bernama) -- Malaysia's maritime industry is calling for a stronger financing support from local banks to unlock its investment potential and enable domestic players to expand their operations, particularly in the bunkering sector, said Maritime Network Sdn Bhd chief executive officer Datuk Seri Jeyenderan R.

Ringgit Expected To Trade In Narrow Range Vs Greenback Ahead Of BNM's OPR Decision Next Week

By Engku Shariful Azni Engku Ab Latif

Gold Futures Forecast To Trade Range-bound With Downward Bias Next Week

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 31 (Bernama) -- Gold futures are expected to trade range-bound with a slight downward bias next week, said an analyst.

Bursa Malaysia Expected To Consolidate Next Week, Trade Within 1,600-1,630 Level

By K. Naveen Prabu & Danni Haizal Danial Donald

KUALA LUMPUR, Oct 31 (Bernama) -- Bursa Malaysia is expected to consolidate next week, with the FTSE Bursa Malaysia KLCI (FBM KLCI) projected to trade within the 1,600-1,630 range amid a mildly positive bias.

Ringgit Extends Rally Against US Dollar As Traders Reassess Fed Rate Hike Prospects

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, Oct 30 (Bernama) -- The ringgit extended its gains to close higher against the US dollar on Friday as traders reassessed the possibility of an interest rate hike by the US Federal Reserve (Fed), an analyst said.