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Ringgit Ends Lower Against US Dollar Amid Stronger US Economic Data Outlook

By Danni Haizal Danial Donald

KUALA LUMPUR, Nov 2 (Bernama) -- The ringgit ended lower against the US dollar on Monday with positive United States economic data outlook lending support to the greenback.

Brent Forecast Raised To US$100 Per Barrel By End-2026 -- OCBC

KUALA LUMPUR, Nov 2 (Bernama) -- Brent crude oil is now forecast to reach US$100 per barrel by end-2026, up from the previous projection of US$85, while the end-2027 forecast has been raised to US$85 per barrel from US$75, OCBC Group Research said.

Bursa Malaysia's Key Index Ends Higher

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Nov 2 (Bernama) -- Bursa Malaysia’s key index ended higher today, recovering from early losses to remain above the 1,600-point level, supported by selective bargain hunting in telecommunications and commodity-related heavyweights despite continued weakness in technology stocks.

Rubber Market Ends Mixed

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 2 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Monday amid a weaker ringgit against the US dollar, a dealer said.

WM Senibong Secures AA-IS Rating From Marc Ratings

JOHOR BAHRU, Nov 2 (Bernama) -- WM Senibong Berhad (WM Senibong) announced that its wholly owned subsidiary, WM Senibong Capital Bhd, had its AA-IS rating with a stable outlook affirmed by MARC Ratings Berhad for its Islamic medium-term notes under the Sukuk Wakalah programme of up to RM1 billion.

Banks Urged To Explore IP-Backed Financing For Businesses

PETALING JAYA, Nov 2 (Bernama) -- Banking institutions are urged to tap intellectual property (IP)-backed financing to broaden funding opportunities for businesses, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin. 

HSBC Sees Ringgit Trading At 4.10-4.20 Against US Dollar In 2027

KUALA LUMPUR, Nov 2 (Bernama) -- The ringgit could trade between 4.10 and 4.20 against the US dollar in 2027, compared with its current range of 4.05 to 4.10, according to HSBC Global Investment Research.

Bursa Malaysia's Key Index Ends Morning Session Higher

KUALA LUMPUR, Nov 2 (Bernama) -- Bursa Malaysia’s key index ended the morning session higher, supported by bargain hunting in selected blue-chip stocks amid cautious regional sentiment.

BNM Issues Commemorative Coins For National Audit Department’s 120th Anniversary, EPF’s 75th Anniversary

KUALA LUMPUR, Nov 2 (Bernama) -- Bank Negara Malaysia (BNM) has announced the issuance of two limited-editioncommemorative coins in conjunction with the 120th anniversary of the National Audit Department (JAN120) and the 75th anniversary of the Employees Provident Fund (KWSP75).

Equinix Appoints Effendi Azmi As Managing Director For Malaysia 

KUALA LUMPUR, Nov 2 (Bernama) -- The world’s digital infrastructure company, Equinix Inc, has appointed Effendi Azmi Hashim as managing director for Malaysia, effective immediately. 

Mi Technovation Shares Fall Following Singapore Property Acquisition

KUALA LUMPUR, Nov 2 (Bernama) -- Mi Technovation Bhd’s shares fell in early trade on Monday following the group’s planned acquisition of a freehold industrial building in Singapore for S$103.88 million (RM331.8 million).

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.