Day: September 19, 2024

KUALA LUMPUR, FTSE Bursa Malaysia KLCI (FBM KLCI) futures were mostly higher despite the weaker underlying cash market. At 9.48 am, September 2024 contract added 2.0 points to 1,662.0, October 2024 grew 3.0 points to 1,665.5, December 2024 rose 1.0 points to 1,669.0, but March 2025 fell 0.5 of-a-point to 1,654.0. Turnover stood at 1,696 lots, with open interest at 45,506 contracts. The FBM KLCI slipped 2.38 points to 1,658.21 after 48 minutes of trading. Source: BERNAMA News Agency

PUTRAJAYA, The Malaysian Fire and Rescue Department (JBPM) received 2,575 emergency calls related to fallen trees between January and July this year, with Selangor recording the highest number. In a statement today, JBPM reported 441 cases of fallen trees in Selangor, followed by 321 in Perak and 264 in Sarawak. The statement also revealed that out of these incidents, eight people have died, 27 sustained various injuries, and 37 were rescued unharmed. JBPM advised the public, particularly road users, to remain vigilant during bad weather. ‘Drivers should pay close attention to their surroundings, especially on roads with large or old

his year’s National Day celebrations may be over but Malaysians must remember that the occasion was not only to commemorate the nation’s liberation from colonial rule but also the start of an ongoing struggle for a better future for everyone. Today, modern Malaysia stands at a critical juncture, striving for economic justice and a more equitable society where everyone has equal access to opportunities and resources. Under the MADANI government, which is committed to reform, Malaysia is on the path toward meeting these goals. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the government’s move for

SUBANG, His Majesty Sultan Ibrahim, King of Malaysia departed for China this morning for a four-day state visit at the invitation of President Xi Jinping. This is His Majesty’s first visit to the republic after ascending the throne as the 17th King of Malaysia on Jan 31 this year. The special aircraft carrying His Majesty departed from the Royal Malaysian Air Force (RMAF) Subang Air Base at about 9.40 am. Accompanying His Majesty on the visit are Transport Minister Anthony Loke, Housing and Local Government Minister Nga Kor Ming and Foreign Ministry secretary-general Datuk Seri Amran Mohamed Zain. Prime Minister

LONDON, Preqin, the global leader in alternative assets data, tools, and insights, today published its Future of Alternatives 2029 report. Preqin forecasts the global alternatives industry to reach $29.2tn in assets under management (AUM) by 2029, from $16.8tn at the end of 2023. While not part of the official report forecasts, the analysis predicts the industry is on course to exceed $30tn in AUM by 2030. This signifies an annualized growth rate of 9.7% in the forecast period, 2023-end to 2029, which represents a slowdown from 10.5% during the 2017-2023 period due to softer expectations for the private equity and