Kuala Lumpur: The ringgit slipped further against the US dollar when the market opened today, as positive US economic data points continued to support the greenback, a dealer said.

PETALING JAYA: Malaysia’s year-to-date air passenger traffic grew significantly by 21.4% to 15.3 million as of February 2024, compared to 12.6 million passengers recorded in the same period in 2023, said the Malaysian Aviation Commission (MAVCOM).

Kuala Lumpur: The ringgit opens slightly lower against the US dollar today on soft landing in the US inflation data last Friday.

Like many other car enthusiasts, the Sultan of Selangor had nostalgic memories of Goodyear being the tyre of choice for several exotic motoring adventures, including legendary runs like the 10,000km Beijing to Paris Motor Challenge in 1997.

PETALING JAYA: Bursa Malaysia’s decision to exclude cryptocurrencies (crypto) on its multi-asset exchange may hamper it from attracting young working adults who are increasingly seeing crypto as an alternative investment class, says an industry player.

Tuaran: Chief Minister Datuk Seri Hajiji Noor has directed the Sabah Economic Development and Investment Authority (Sedia) to collaborate with strategic government agencies in a concerted effort to generate new economic resources for the State. .

Kuala Lumpur: The Malaysia Digital Economy Corporation (MDEC) will introduce a new tax incentive for Malaysia Digital (MD) status companies and existing Multimedia Super Corridor (MSC) status companies, said MDEC CEO Mahadhir Aziz.

PETALING JAYA: Permodalan Nasional Bhd’s (PNB) wholly owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), has declared an income distribution of 5.25 sen per unit for Amanah Saham Bumiputera 2 (ASB 2) for the financial year ending March 31.

PETALING JAYA: The implementation of the palm oil smallholder cluster model can contribute an additional 9 million tonnes of fresh fruit bunches (FFB) producing roughly 1.8 million tonnes of crude palm oil if all the 1.5 million hectares of land that belong to smallholders can be consolidated into clusters of 10,000 hectares, said plantation and commodities minister Johari Ghani.

PETALING JAYA: AMMB Holdings Bhd (AmBank) is likely to post notable quarter-on-quarter earnings growth next quarter, backed mainly by lower net credit costs, said Hong Leong Investment Bank (HLIB).