PM Anwar Fulfils Promise To Expedite Flood Mitigation Projects, Help Long-Suffering Victims

By Mikhail Raj Abdullah

KUALA LUMPUR, Oct 23 (Bernama) -- Staying true to Prime Minister Datuk Seri Anwar’s promise made more than three years ago, the government has expedited the implementation of flood mitigation projects to ease the burden and financial hardship inflicted on victims almost seasonally by this natural disaster.

FBM KLCI Futures Higher In Early Trade

KUALA LUMPUR, Oct 23 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives traded higher in the early session today.

Bursa Malaysia Lower In Early Trading

KUALA LUMPUR, Oct 23 (Bernama) -- Bursa Malaysia opened lower on Friday, tracking weaker overnight performance on Wall Street. 

Orgabio Sees Healthier Beverage Opportunities Despite Higher Formulation Costs

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 23 (Bernama) -- Healthier beverage formulations can cost approximately five to 10 per cent more to manufacture, but Orgabio Holdings Bhd sees opportunities in the segment as brand owners explore products that cater to evolving consumer preferences.

Economy Ministry Seeks Industry Input On Malaysia’s Energy Transition

KUALA LUMPUR, Oct 22 (Bernama) -- The Ministry of Economy has called on industry players to submit policy recommendations on energy storage, the hydrogen economy and smart grid deployment to advance Malaysia’s energy transition.

Ringgit Opens Higher As AI Investment Concerns Weigh On Greenback

By Siti Noor Afera Abu and Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Oct 23 (Bernama) -- The ringgit opened higher on Friday as the greenback weakened after equity prices fell amid heightened concern over artificial intelligence (AI)-related investments.

Govt’s Net Financial Burden Related To 1MDB Estimated At RM20.1 Bln -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- The remaining net financial burden borne by the government in relation to 1Malaysia Development Bhd (1MDB) is estimated at RM20.1 billion, assuming no further recovery of funds or assets in the future.

Govt Allocates RM1 Bln To UJSB For Early Redemption Of Sukuk In 2027

KUALA LUMPUR, Oct 22 (Bernama) -- The government has allocated RM1 billion to Urusharta Jamaah Sdn Bhd (UJSB) for the early redemption of sukuk in 2027, thereby strengthening the cash flow of Lembaga Tabung Haji (TH).

EPF Contribution Rate For Foreign Workers Relatively Low, Says MOF

KUALA LUMPUR, Oct 22 (Bernama) -- The two per cent Employees Provident Fund (EPF) contribution rate payable by employers for non-Malaysian workers is relatively low, the Finance Ministry (MOF) said.

Zetrix AI Confirms No Payment Default Has Occurred Amid Potential Sukuk Covenant Breach

KUALA LUMPUR, Oct 22 (Bernama)-- Zetrix AI Bhd has confirmed that no payment default has occurred as of today's announcement, amid a potential covenant breach under its sukuk wakalah programme valued at up to RM2 billion.

CPO Futures End Higher On Firmer Soybean Oil Futures, Export Outlook

By Danni Haizal Danial Donald

KUALA LUMPUR, Oct 22 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday, tracking firmer soybean oil futures on the Chicago Board of Trade (CBOT), while stronger palm oil export estimates lent further support to market sentiment.

Transport Sector Must Prioritise Growth, Environmental Sustainability - Loke

KUALA LUMPUR, Oct 22 (Bernama) -- The future of transport must support long-term economic growth while responding responsibly to environmental challenges, according to the Ministry of Transport (MoT).