Day: October 16, 2024

KUALA LUMPUR, The ringgit was marginally higher against the US dollar on Wednesday as the US Dollar Index (DXY) continued to remain elevated after the United States (US) presidential election candidate, Donald Trump revealed his plan to raise import tariffs to protect and grow the US economy. At 8.07 am, the ringgit edged up to 4.3050/3180 against the greenback, from yesterday’s close of 4.3080/3120. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY is currently hovering around 103.25 points, compared to 100.76 points a month ago. He also said that the ringgit could stay weak

TOKYO, Kioxia Corporation, a world leader in memory solutions, will be showcasing and demonstrating benefits of a KIOXIA XD Series SSD equipped with Flexible Data Placement (FDP) functionality running the RocksDB database at the 2024 OCP Global Summit, taking place from October 15th to October 17th in San Jose, USA. The RocksDB database excels in high-performance searches through vast amounts of data and managing history data, and is widely used in generative AI and cloud applications. FDP is a feature defined in the NVM Express S base specification (TP4161) that allows flexible control of data placement within an SSD. By

KUALA LUMPUR, Bursa Malaysia opened mixed today but turned lower thereafter, tracking Wall Street’s overnight performance which closed lower after its recent rally, said an analyst. At 9.07 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 2.02 points to 1,639.95, compared with Tuesday’s close of 1,641.97. The benchmark index initially opened 1.83 points higher at 1,643.80. The broader market was negative, as decliners outpaced gainers 217 to 101, while 247 counters remained unchanged, 1,982 stocks untraded, and eight suspended. Turnover reached 108.05 million units, valued at RM72.96 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said

KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures were lower in the early trade today, tracking the underlying cash market. At 9.16 am, both October 2024 and March 2025 fell 7.0 points to 1,634.50 and 1,630.50, respectively, November 2024 slid 8.0 points to 1,637.50, and December 2024 contract declined 8.5 points to 1,641.00. Turnover amounted to 1,329 lots, while open interest stood at 43,014 contracts. The FBM KLCI eased 3.84 points to 1,638.13 from Tuesday’s closing of 1,641.97 after 35 minutes of trading. Source: BERNAMA News Agency

KUALA LUMPUR, The Malaysian Industry-Government Group for High Technology (MIGHT) and Turkish Energy, Nuclear and Mineral Research Agency (TENMAK) exchanged a Memorandum of Understanding (MOU) on Thursday to facilitate research and development (RandD) initiatives that will promote industrial growth in both countries. The MOU aims at establishing a framework for collaboration in the areas of green technology, environmental science, renewable energy, biotechnology, nuclear medicine, nuclear technology, and advanced materials. ‘Programmes and activities outlined in the MoU include the exchange of scientists and specialists in bilateral scientific and technological cooperation, organising scientific and technological seminars in issues of high interest to