Malaysia's Genting Bhd has made a takeover bid to privatize its Malaysian unit Genting Malaysia Bhd, according to a stock exchange filing on Monday.
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The Malaysian ringgit is set to extend its recent gains as strong domestic spending and the government's fiscal prudence cushion the blow from US tariffs, Second Finance Minister Amir Hamzah Azizan said.
In other news, Sri Lanka has unveiled plans for a Government Super App, designed to provide seamless access to government services from a single platform.
Malaysia's spending plan for 2026 will be mildly positive for local assets given the absence of negative surprises, according to analysts.
(RTTNews) - The Malaysia stock market has moved lower in five straight trading days, sinking more than 25 points or 1.6 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,605-point plateau and it's expected to open .. ...
Malaysia's consumption and tourism-related companies are set to get a boost as the government increases cash handouts to cushion the impact of higher cost of living on citizens.
An investigation has uncovered that a Singapore-based firm with Chinese ties bought $2 billion worth of restricted Nvidia GPUs through Inspur's U.S. subsidiary to funnel them to Malaysia and Indonesia, where they were allegedly used by clients from ...
Malaysian Prime Minister Anwar Ibrahim plans to cut more subsidies and improve tax collection to narrow the budget deficit next year, as he grapples with lower petroleum-related revenue and dimming economic prospects.
Petroliam Nasional Bhd.'s dividend payout to the Malaysian government is set to decline by 38% next year as an oil price slump weighs on the state-owned oil and gas company's profitability.
(RTTNews) - The Malaysia stock market has moved lower in back-to-back sessions, dropping almost 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,640-point plateau and it may take further damage again ...