Category: Trading
Foreign Investors Return To Bursa Malaysia With RM299.6 Mln Net Buying
KUALA LUMPUR, Foreign investors returned to Bursa Malaysia following the previous week’s heavy selloff, recording a net buying of RM299.6 million in Malaysian equities, according to MIDF Amanah Investment Bank Bhd (MIDF).
In its fund flow report for…
Bumiputera Economic Council To Monitor PuTERA35 Implementation, Says Ministry of Economy
PUTRAJAYA, The implementation of the Bumiputera Economic Transformation Plan 2035 (PuTERA35) will be overseen by the Bumiputera Economic Council, which Prime Minister Datuk Seri Anwar Ibrahim chairs.
The Economy Ministry said that integrated and sys…
Kerjaya Prospek Unit Secures RM275.29 Mln Construction Contract In Penang
KUALA LUMPUR, Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured a RM275.29 million construction contract from Persada Mentari Sdn Bhd.
In a filing with Bursa Malaysia, Kerjaya Prospek said the contract inv…
Air Selangor Raises RM1.2 Bln Via SRI Sukuk Issuance
KUALA LUMPUR, Pengurusan Air Selangor Sdn Bhd has raised RM1.2 billion through the issuance of its sixth and largest tranche of Sustainable and Responsible Investment Sukuk Kelestarian Air Selangor (SRI KAS).
The water services provider said this is…
Investment Banks Revise Malaysia’s 2024 GDP Growth Forecast Upward
KUALA LUMPUR, Hong Leong Investment Bank (HLIB) has revised its 2024 gross domestic product (GDP) forecast for Malaysia upward to 5.0 per cent from 4.8 per cent previously.
In a note today, the investment bank expects the economic expansion to be su…
Malaysia Airports Hits New Monthly High For Passenger Movement In July 2024
KUALA LUMPUR, Malaysia Airports Group recorded 12.4 million passenger movements in July 2024, marking a 7.3 per cent increase from the previous month and setting a new monthly high post-pandemic.
In a statement, the group said the growth was largely…
Banking Sector Receives Strong Govt Support To Scale AI
SINGAPORE, Malaysia’s banking sector is receiving strong government support and encouragement to scale artificial intelligence (AI) adoption within the industry.
Bank Simpanan Nasional chief information officer Lee Li Foon said although the sector’s…
SC Rolls Out Revised Guidelines On Technology Risk Management
C Rolls Out Revised Guidelines On Technology Risk Management
KUALA LUMPUR, The Securities Commission Malaysia’s (SC) revised Guidelines on Technology Risk Management have come into effect today, superseding the Guidelines on Management of Cyber Risk…
Malaysia’s Upcoming BRICS Membership To Boost Economic Ties With India
KUALA LUMPUR, Malaysia’s participation in BRICS, alongside India’s established presence in the intergovernmental organisation, presents significant opportunities for both nations to deepen their economic collaboration through this influential trade p…
Busan Eyes 60,000 Malaysian Tourists To Fuel Economic Growth This Year
KUALA LUMPUR, Busan, the second largest city in South Korea is set to boost its economy by eyeing 60,000 Malaysian tourists in 2024 to boost its local business and economic activities.
Busan Tourism Organisation (BTO) chief executive officer Lee Jun…