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Research Houses Positive On FBM KLCI Expansion To 50 Constituents

KUALA LUMPUR, Aug 21 (Bernama) -- Research houses are positive on the expansion of the FTSE Bursa Malaysia KLCI (FBM KLCI) from 30 to 50 constituents, believing that the move would provide broader market representation and greater sector diversification.

NexG Clarifies RM7.5 Bln Indicative Price For Possible DTSB’s Acquisition By Govt

KUALA LUMPUR, Aug 21 (Bernama) -- NexG Bhd today clarified that the request for an indicative price for the possible acquisition of its wholly owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB), by the government was made by the Ministry of Finance (MOF) last month.

Ringgit Opens Higher Against Major Currencies, Eases Vs US Dollar

KUALA LUMPUR, Aug 21 (Bernama) -- The ringgit opened higher against most major currencies but eased slightly against the US dollar on Friday as investors turned cautious amid escalating tensions between the United States (US) and Iran, an economist said.

Gold Futures End Higher As US Treasury Buybacks Weigh On Yields

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 20 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended higher as the US Treasury buyback plan lowered Treasury yields.

Vale To Maintain 20 Mln Tonnes Of Iron Ore Transshipment Through Malaysia

IPOH, Aug 20 (Bernama) -- Vale Malaysia Minerals Sdn Bhd aims to maintain its annual transshipment volume of approximately 20 million tonnes of iron ore from its Teluk Rubiah, Manjung distribution hub in Perak, driven by steady demand across the Asia-Pacific region.

Bursa Malaysia, FTSE Russell To Enhance FBM KLCI, FBM 70 Methodologies

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia Bhd and London Stock Exchange Group’s (LSEG) wholly owned business division FTSE Russell will collaborate to enhance the methodologies of the FTSE Bursa Malaysia KLCI (FBM KLCI) and FTSE Bursa Malaysia Mid 70 (FBM 70) indices, following a public consultation conducted earlier this year.

NexG Assesses Datasonic Technologies Value At RM7.5 Bln 

KUALA LUMPUR, Aug 20 (Bernama) -- NexG Bhd says its wholly owned subsidiary Datasonic Technologies Sdn Bhd (DTSB), which is the provider of the MyKad national identity card, is currently valued at RM7.5 billion following the government's request for an indicative price.

IRDA, AmBank Group Convene CEO Roundtable To Drive JS-SEZ Manufacturing Growth

JOHOR BAHRU, Aug 20 (Bernama) -- The Iskandar Regional Development Authority (IRDA), in collaboration with AmBank Group has convened the Iskandar Malaysia CEO Roundtable Series 2026.

Ringgit Stays Bullish Vs US Dollar At Close As US Debt Weighs On Greenback

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 20 (Bernama) -- The ringgit continued its bullish momentum to close higher against the US dollar on Thursday, as the US national debt, which surpassed US$40 trillion for the first time, weighed on the greenback.

Economist Backs Hybrid SST, Calls For Input Tax Credit Mechanism

By K. Naveen Prabu

KUALA LUMPUR, Aug 20 (Bernama) -- An economist has backed the proposal for a hybrid sales and service tax (SST) system, saying the mechanism should incorporate input tax credits to reduce tax cascading.

Bursa Malaysia Ends Higher As Easing US Treasury Yields Boost Risk Appetite

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia ended higher on Thursday as easing US Treasury yields improved risk appetite following the US Treasury’s announcement of increased buyback operations, an analyst said.

KL Rubber Market Ends Mixed

By Abdul Hamid A Rahman

KUALA LUMPUR, Aug 20 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Thursday, supported by gains in regional rubber futures markets, while concerns over developments in West Asia capped further upside, a dealer said.