Gold Futures Close Lower Due To Stronger US Dollar

By K. Naveen Prabu

KUALA LUMPUR, Sept 24 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed lower on Thursday as a stronger US dollar continued to weigh on the precious metal.

Luno, Halogen Capital, Kenanga Investors In Tie-up To Explore Ringgit-Pegged Stablecoin

KUALA LUMPUR, Sept 24 (Bernama) -- Luno Malaysia Sdn Bhd has formed a strategic collaboration with Halogen Capital Sdn Bhd and Kenanga Investors Bhd to explore the use of a fully reserved, ringgit-pegged stablecoin (UMYR) as an on-chain settlement instrument for tokenised money market funds.

Malaysia’s Digital Companies Ready To Compete Globally -- MATRADE

KUALA LUMPUR, Sept 24 (Bernama) -- Malaysia’s digital and tech-based companies have the capability to compete globally and the participation in the 5th Global Digital Trade Expo (GDTE) is a step forward in tapping China’s huge digital economy, said Malaysia External Trade Development Corporation (MATRADE).

SLGC IPO Oversubscribed 3.1 Times Ahead Of ACE Market Listing

KUALA LUMPUR, Sept 24 (Bernama) -- SLGC Bhd’s initial public offering (IPO) has been oversubscribed by 3.1 times, ahead of its listing on the ACE Market of Bursa Malaysia Securities.

Bangladesh Seeks Malaysia’s Expertise To Boost Halal Exports Into Southeast Asia

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Sept 24 (Bernama) -- Bangladesh is looking to leverage Malaysia’s expertise in halal certification and regulatory standards to strengthen its halal ecosystem and expand its halal exports into the Southeast Asian market, said Bangladesh High Commissioner to Malaysia Manjurul Karim Khan Chowdhury.

Libya Pavilion At MIHAS 2026 Set To Expand Malaysia-Libya Trade -- MATRADE

KUALA LUMPUR, Sept 24 (Bernama) -- The opening of the Libya Pavilion at the 22nd Malaysia International Halal Showcase (MIHAS 2026) is set to open new avenues for Malaysian and Libyan businesses to expand trade, said the Malaysia External Trade Development Corporation (MATRADE).

Ringgit Ends Higher Against Major Currencies, Eases Versus US Dollar

By K. Naveen Prabu

KUALA LUMPUR, Sept 24 (Bernama) -- The ringgit ended higher against major currencies on Thursday but weakened against the greenback as upbeat United States economic data reinforced expectations of further interest rate hikes by the US Federal Reserve (Fed).

Malaysia Must Become Market-Maker In Global Halal Industry -- Zulkifli

KUALA LUMPUR, Sept 24 (Bernama) -- Malaysia must move beyond setting benchmarks for the halal industry and become a market-maker, said Minister in the Prime Minister’s Department (Religious Affairs) Senator Dr Zulkifli Hasan.

Budget 2027 Likely To Focus On Boosting Consumption, Broad-based Growth - Economist

KUALA LUMPUR, Sept 24 (Bernama) -- The upcoming Budget 2027 is likely to prioritise measures to boost private consumption and cushion the economy from external shocks amid underwhelming domestic demand in the first half of this year, said an economist. 

AGC Biologics, Flen Health Partner On Wound Treatment Development

KUALA LUMPUR, Sept 24 (Bernama) -- AGC Biologics, a global biopharmaceutical contract development and manufacturing organisation (CDMO), has been selected by Belgian biopharmaceutical company Flen Health as its CDMO partner to provide process development, scale-up and Good Manufacturing Practice (GMP) manufacturing services for a new and improved wound and skin healing product.

Sabah Exercises Full Sovereignty Over Carbon Projects, State Revenue - Arthur

KOTA KINABALU, Sept 24 (Bernama) -- Sabah will exercise full sovereignty over the development of its carbon projects and the collection of state revenues, said Natural Resources and Environmental Sustainability Minister Datuk Seri Arthur Joseph Kurup.

Extensive Rail Networks, Higher Renewable Capacity Can Cushion Malaysia Against Oil Shocks -- Tengku Muhammad Fa-iz Petra

KUALA LUMPUR, Sept 24 (Bernama) -- Building comprehensive rail networks and increasing utility-scale renewable capacity could be a long-term solution to reduce Malaysia’s exposure to external energy shocks, according to Dr Tengku Muhammad Fa-Iz Petra ibni Almarhum Sultan Ismail Petra.