Ringgit Strengthens 14.4 Pct vs USD In 3Q 2024; One Of The Best Performing Currencies Globally

KUALA LUMPUR, The ringgit was one of the best-performing currencies globally in the third quarter of this year (3Q2024), strengthening 14.4 per cent against the US dollar and 11.4 per cent on a year-to-date basis, said Bank Negara Malaysia’s (BNM) Fi…

MPOB, Sarawak M-FICORD To Hold Technology Transfer Programme On Oct 14

KUCHING, The Malaysian Palm Oil Board (MPOB), in collaboration with the Ministry of Food Industry, Commodity, and Regional Development Sarawak (M-FICORD), will hold the Sarawak Oil Palm Technology Transfer Programme (TOT Sarawak 2024) here on Oct 14….

Labuan IBFC Embraces Blockchain, AI To Boost Fintech Growth

LABUAN, The increasing interest in digital assets and alternative financial instruments is driving innovation and growth within Labuan’s financial sector.

Labuan International Business and Financial Centre (IBFC) chairman Datuk Iskandar Mohd Nuli sa…

Increasing WPL Threshold Will Be A Boon For Plantation Sector

KUALA LUMPUR, CIMB Securities Sdn Bhd believes that raising the windfall profit levy (WPL) threshold to around RM4,500 per tonne would benefit the plantation sector, ahead of Budget 2025 which will be presented on Oct 18.

In a note today, it highlig…

Petron: No Disruption To Petroleum Products Supply Amid Refinery Maintenance

KUALA LUMPUR, Petron Malaysia Refining and Marketing Bhd’s (Petron Malaysia) refinery at Port Dickson, Negeri Sembilan, will undergo a maintenance shutdown for eight weeks to facilitate repairs to its furnaces.

Despite the shutdown, the oil company …

Labuan’s Asia International Exchange Launches Revolutionary Digital Asset Platform

LABUAN, The Asia International Exchange (AIX) marked a significant milestone today with the soft launch of its digital asset platform, positioning Labuan as a key financial technology (fintech) hub in the region.

AIX Investment Group Company Ltd chi…

Mitsubishi Power Aims To Expand Gas Turbine Expertise In Asia Pacific

KUALA LUMPUR, Mitsubishi Power Asia Pacific Pte Ltd aims to expand its gas turbine expertise in Southeast Asia, given the significant utilisation potential of natural gas and liquefied natural gas (LNG) in the region.

Its managing director/chief exe…