Money and Investment
Budget 2027 Wage Hikes Raise Cost Concerns
Budget 2027 focuses on fiscal consolidation, wage increases, and infrastructure spending, enhancing household support and economic growth.
Category: Money and Investment
Business News
SAMENTA Urges Protection for SMEs from Rising Platform Costs
SAMENTA praised Budget 2027 measures supporting SMEs but urged safeguards against higher merchant charges from delivery platforms.
Business News
Ringgit Opens Higher Against US Dollar on Weak US Jobs Data
The ringgit opened higher against the US dollar on Monday after weaker-than-expected US jobs data reduced expectations of a Federal Reserve rate hike. The…
Currency
Ringgit Opens Higher Against US Dollar
Ringgit opens higher at 4.0820/0885 against US dollar, supported by demand despite firm US data and resilient greenback.
Banking and Finance
Malaysia’s Financial Markets Remain Orderly Despite Global Headwinds
Malaysia's financial markets are stable despite global pressures, with strong corporate bond interest and favorable sentiment.
Banking and Finance
Public Mutual declares over RM61mil distributions for two funds
Public Mutual declared over RM61 million in distributions for two funds, with payouts of 3.25 sen and 0.80 sen per unit.
Property and Construction
MRCB Partners RUA AlHaram AlMakki for RM22.9b Makkah Development
MRCB partners RUA AlHaram AlMakki for RM22.9b Makkah project, integrating transport and mixed-use development under Saudi Vision 2030.
Wall Street
Wall Street Retreats as Yields Hit 19-Year High
Wall Street experienced a decline due to high bond yields and geopolitical tensions affecting global markets.
Ringgit
Ringgit Opens Higher on Easing Oil Prices, Geopolitical Hopes
Ringgit opened higher on easing oil prices and US-Iran talks optimism, trading firmer against major currencies and most ASEAN peers.
Mastercard
Mastercard-GXBank Study: Financial Health Driven More by Habits Than Demographics
Mastercard-GXBank study finds financial health shaped more by habits than demographics, stressing early engagement, saving discipline, and meaningful rewards.
Ringgit
Ringgit Opens Slightly Higher Amid Easing Oil Prices
The ringgit strengthened slightly against major currencies due to easing oil prices and geopolitical developments, influencing market sentiment.
Business News
MACC: Najib’s Conditional Pardon Does Not Affect 1MDB Case
MACC says Najib’s conditional pardon does not affect ongoing 1MDB case, stressing investigations continue separately and status quo remains.
Corruption
Court Rejects DNAA Bid in Abu Sahid, Wife’s CBT and Money Laundering Case
Sessions Court rejects DNAA bid by Abu Sahid and wife, ordering prosecution to proceed with CBT and money laundering trial.
Business News
Lim Guan Eng Urges Anwar to Accelerate Economic Reforms Ahead of Malaysia Day
Lim Guan Eng urges Anwar Ibrahim to implement more economic reforms, emphasizing support for small businesses and cost-of-living relief during Malaysia Day speech.
Plantation Sector
MACC Probes RM80 Million Felda Palong 7 Replanting Project
MACC investigates RM80 million Felda Palong 7 replanting project over alleged irregularities in seedling supply and management weaknesses.
World Business News
Wall Street Rebounds as US Treasury Buys Bonds
US Treasury bond purchases ease yields; Wall Street rebounds, oil stays high, FBMKLCI seen consolidating within 1,725–1,735 range.