Business and Finance

Maxis eKelas Entrepreneurs train 2,400 entrepreneurs

PROGRAM community outreach Maxis Berhad (Maxis), eKelas Usahawan successfully trained more than 2,400 entrepreneurs since its launch in March 2021. Maxis said in a statement that the program was conducted through 39 physical and virtual workshops across the country with positive feedback from participants. “eKelas Usahawan includes a series of digital marketing workshops with a …

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Short-term rates are expected to remain stable following BNM’s operations

RATE the short term is expected to remain stable today following the operations of Bank Negara Malaysia (BNM) absorbing excess liquidity from the financial system. Liquidity is estimated at RM43.53 billion in the conventional system and RM47.23 billion in Islamic funds. On Tuesday, the central bank will conduct one conventional money market tender amounting to …

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The ringgit declined due to the strengthening of the US dollar

RINGGIT retreated from yesterday’s gains to open lower today against the United States (US) dollar amid stronger sentiment against the US dollar as traders remained cautious ahead of Bank Negara Malaysia’s (BNM) two-day Monetary Policy Committee (MPC) meeting starting Wednesday. At 9am, the ringgit weakened to 4.3195/3235 against the US dollar from 4.3150/3200 at the …

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His ONG Mydin campaign encourages cashless payments

COMPANY wholesaler and retailer, Mydin Mohamed Holdings Berhad (Mydin) launched an e-wallet campaign ‘ONGnya Mydin’ in conjunction with this Chinese New Year celebration. Mydin’s Managing Director, Datuk Dr Ameer Ali Mydin said, his side is working with five e-wallet companies namely Maybank E-Wallet, Atome, Zapp, Mcash and Boost to encourage customers to make cashless payments …

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The Suria KLCC rabbit replica is recognized as the largest in Malaysia

REPLICA rabbit covered in gold coins displayed at KLCC Esplanade in conjunction with Chinese New Year recognized as the largest by the Malaysia Book of Records (MBOR). The Chief Executive Director of Suria KLCC Sdn Bhd, Andrew Brien said, family culture, consensus in enjoying tradition and prosperity are the concepts that define the Chinese New …

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The ringgit continues to rise against the US dollar

RINGGIT continued this morning’s positive momentum to open slightly higher against the US dollar as investors anticipate a slower pace of US interest rate hikes by the US Federal Reserve. At 9am, the ringgit was trading at 4.3305/3350 against the US dollar from 4.3325/3375 at the close of trading on Friday. SPI Asset Management managing …

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MGB, SA built a RM2.9 billion real estate project in Saudi Arabia

CHILD LBS Bina Group Berhad, MGB Berhad (MGB) signed a memorandum of understanding (MoU) with SANY Alameriah For Construction Co (SA) to develop a real estate project in Saudi Arabia worth RM2.9 billion. Through the agreement, SA aims to appoint MGB to carry out the design and construction work of 10,000 property units which are …

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PKNS launches Intana Ria 3 affordable housing project in Bangi

CORPORATION Selangor State Development (PKNS) launched a low-density affordable housing, Intana Ria 3 in Section 7, Bandar Baru Bangi. The 13-storey residential project with 200 units is surrounded by the township of Bandar Baru Bangi which is fully equipped near schools, mosques, restaurants, medical centers and government offices. In fact, the location is only 13 …

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The strengthening of the ringgit continues next week

STRENGTHENING of the ringgit due to weakening United States (US) inflation is expected to continue with the local currency projected to trade between 4.3250 and 4.3450 next week. The latest data continues to strengthen confidence that the US Federal Reserve (Fed) will further reduce its tightening policy. The Managing Director of SPI Asset Management, Stephen …

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