Malaysia welcomes ICJ ruling in Israel genocide case

PUTRAJAYA, Jan 27 (NNN-Bernama) — Malaysia welcomes the decision of the International Court of Justice (ICJ) in the case initiated by South Africa against Israel concerning the application of the 1948 Convention on the Prevention and Punishment of the Crime of Genocide. The Foreign Ministry said Malaysia has been vindicated…

Malaysian ringgit likely to trade around 4.72-4.73 against US dollar next week

By Rosemarie Khoo Mohd Sani  KUALA LUMPUR, Jan 27 (NNN-Bernama) — The Malaysian ringgit is anticipated to trade around the 4.72 to 4.73 range next week, with a limited downside as the local note is technically in an oversold position, said an analyst. Bank Muamalat Malaysia Bhd chief economist Dr…

Bursa Malaysia’s rally may continue next week, FBM KLCI seen to stay above 1,500

By Zairina Zainudin and Abdul Hamid A Rahman KUALA LUMPUR, Jan 27 (NNN-Bernama) — The uptrend momentum on Bursa Malaysia, the stock exchange of Malaysia, is expected to continue next week, with traders remaining cautiously optimistic over external developments. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said…

HSBC: Malaysia to continue seeing upward trajectory in liquid assets held

KUALA LUMPUR, Jan 22 (NNN-Bernama) — HSBC Bank Malaysia Bhd expects Malaysia to continue to see an upward trajectory in terms of liquid assets held in the first half of 2024 (1H24). HSBC Wealth and Personal Banking country head Linda Yip said Malaysia’s onshore wealth pool stood at US$359 billion…

Malaysia’s inflation remains at 1.5 pct in December 2023

KUALA LUMPUR, Jan 22 (NNN-Bernama) — Malaysia’s headline inflation rate remained at 1.5 per cent in December 2023, with the Consumer Price Index (CPI) recorded at 131.2 points versus 129.2 a year earlier, according to the Department of Statistics Malaysia (DOSM). Chief statistician Dr Mohd Uzir Mahidin said there were…

Malaysia resolves to pursue all avenues to support Palestine

PUTRAJAYA (Malaysia), Jan 22 (NNN-Bernama) — Malaysia has pledged to explore all available avenues to assist Palestine end the atrocities in Gaza, and bring Israel to justice, as stated by the Foreign Ministry on Monday. Foreign Minister Mohamad Hasan is set to participate in the United Nations Security Council (UNSC)…

Malaysian ringgit strengthens amid rising geopolitical tensions, oil price potential

By Abdul Hamid A Rahman KUALA LUMPUR, Jan 22 (NNN-Bernama) — The Malaysian ringgit opened marginally higher against the United States (US) dollar on the first trading day of the week due to potential oil price gains resulting from rising geopolitical tensions in the Middle East. At 9:05 am, the…

(CORRECTION) Bursa Malaysia opens broadly higher on positive market sentiment

(CORRECTION: Deleting entire para 14 – Meanwhile, Silver Ridge reached limit down after its shares tumbled 38.53 per cent or 21 sen to 33.5 sen with 3.3 million share changing hands.)  KUALA LUMPUR, Jan 22 (NNN-Bernama) — Bursa Malaysia extended last week’s gains to open higher Monday as investors took the…

Plane That Crashed In Afghanistan Made A Refuelling Stop In India

NEW DELHI, Jan 21 (Bernama) — India’s Civil Aviation Ministry said a small plane that crashed in Afghanistan made a refuelling stop in the eastern Indian state of Bihar but it did not belong to an Indian entity. “It is not an aircraft of Indian carriers. The aircraft was an…

Tron Bradbury Energy To Establish Regional EV Hub In Malaysia Vision Valley

PORT KLANG (Selangor, Malaysia), Jan 21 (Bernama) — Tron Bradbury Energy (Malaysia) Sdn Bhd (TBE) will establish a regional electric vehicle (EV) hub in the Malaysia. Towards the hub development, the EV automotive and battery manufacturer signed a memorandum of understanding (MoU) with asset managers Bradbury Asset Management (Hong Kong)…