KUALA LUMPUR (Nov 30): Malaysia's Royal Commission of Inquiry (RCI) affirmed that Bank Negara Malaysia (BNM) incurred RM31.5 billion worth of foreign exchange (forex) losses due to the central bank's forex dealings in the 1990s.

According the RCI's report, the commission alleged that BN...

Malaysia RCI affirms Bank Negara's RM31.5b forex loss

PUTRAJAYA (Sept 19): Chairman Tan Sri Mohd Sidek Hassan of the Royal Commission of Inquiry (RCI) into the 1990s foreign exchange (forex) scandal refused to retract his conclusion that RM31.5 billion was lost due to the central bank's forex trading at the time, which he came to on the first day of...

Forex probe RCI chief refuses to retract early conclusion of RM31.5b lost

PUTRAJAYA (Sept 19): The absence of two key witnesses' statements, former Bank Negara Malaysia (BNM) governor — the late Tan Sri Jaffar Hussein, and ex-Auditor-General Tan Sri Ishak Tadin, pose huge gaps in evidence over the Royal Commission of Inquiry into the 1980s to 1990s foreign exchange sca...

Absence of two key witnesses pose gaps in RCI evidence, say Anwar's counsels

PUTRAJAYA (Sept 19): The Royal Commission of Inquiry (RCI) into the 1980s to 1990s foreign exchange (forex) scandal drew to a close without calling its final witness, former Auditor-General Tan Sri Ishak Tadin, who served between 1986 and 1994.

The panel excused Ishak, 85, from testifyi...

RCI panel draws to a close, final witness unable to testify

PUTRAJAYA (Sept 18): Tun Dr Mahathir Mohamad, speaking on Bank Negara Malaysia's forex loss in the 1990s, said there would have been no reason for then finance minister Datuk Seri Anwar Ibrahim to have doubted the audited accounts of the central bank.

"[At the time], Anwar explained the...

MoF will accept audited BNM accounts, no reason to suspect foul play — Tun M

PUTRAJAYA (Sept 18): Former Bank Negara Malaysia (BNM) governor the late Tan Sri Jaffar Hussein was engaged in currency speculation, not manipulation, said Tun Dr Mahathir Mohamad.

"Jaffar did not manipulate the currency trading but he miscalculated. He miscalculated the Maastricht Trea...

Tun M says late BNM governor Jaffar miscalculated, not manipulated, forex trading

PUTRAJAYA (Sept 18): Former Prime Minister Tun Dr Mahathir Mohamad said that he was only aware RM5.7 billion worth of foreign exchange (forex) losses suffered by Bank Negara Malaysia (BNM) in the early 1990s and not RM30 billion.

“If I had known the losses was RM30 billion, I would not ...

 I was only aware of RM5.7 bil forex losses, not RM30 bil, says Tun M

PUTRAJAYA (Sept 18): Former finance minister Tun Abdul Daim Haji Zainuddin told the Royal Commission of Inquiry (RCI) that he was not aware of any policy changes by Bank Negara Malaysia (BNM) with regards to its approach to foreign exchange (forex) trading after 1985.

"I was not informe...

I was not informed of BNM's forex trading policy changes in 1980s, Tun Daim says

KUALA LUMPUR (Sept 18): The sale of shares in Tenaga Nasional Bhd (TNB) and Telekom Malaysia Bhd (TM) by Bank Negara Malaysia (BNM) in the 1990s to cover the foreign exchange (forex) losses it suffered was to be done discreetly, the Finance Ministry's former deputy finance secretary Datuk Othman ...

BNM's share sale to cover forex losses instructed to be done 'discreetly', RCI told

PUTRAJAYA (Aug 30): Both former prime minister Tun Dr Mahathir Mohamad and then finance minister Datuk Seri Anwar Ibrahim were informed of Bank Negara Malaysia's foreign exchange (forex) trading losses that amounted to some RM30 billion in the early 1990s, the Royal Commission of Inquiry investig...

'Dr M, Anwar informed of forex losses totalling RM30b'

PUTRAJAYA (Aug 30): Bank Negara Malaysia was "basically insolvent" in the early 1990s after suffering losses from foreign exchange trading, the five-member Royal Commission of Inquiry formed to investigate the alleged losses at the central bank was told today.

"About late 1993, or early...

Bank Negara 'basically insolvent' in 1993/94 after forex losses

PUTRAJAYA (Aug 30): The Malaysian Royal Commission of Inquiry was told today that former Bank Negara Malaysia (BNM) governor, the late Tan Sri Jaffar Hussein, was an "honourable" man, although "too trusting of forex officers".

"Jaffar was an honourable, well-intentioned man. But he was ...

Late BNM governor 'too trusting of forex officers', RCI told

PUTRAJAYA (Aug 30): Bank Negara Malaysia (BNM) former deputy governor Tan Sri Lin See-Yan claims former BNM governor the late Tan Sri Jaffar Hussein admitted that the latter had led the central bank into a "mess", due to the regulator's alleged foreign exchange (forex) losses in the 1990s.

...

Lin See-Yan on BNM ex-governor Jaffar's parting words: 'I got the bank into this mess'

PUTRAJAYA (Aug 30): Malaysia's Royal Commission of Inquiry (RCI) was told today that Bank Negara Malaysia (BNM) former governor Tan Sri Jaffar Hussein had instructed central bank officials to take a second look at the regulator's accounts, as he was initially shocked to learn about BNM's alleged ...

BNM former governor Jaffar shocked to learn about forex loss, RCI told

Last week, United Malacca Bhd ­(KL:UMCCA) announced that Prosper Trading Sdn Bhd, the vehicle of the Tee family, had acquired 28.19 million shares or 13.44% of the plantation company from Great Eastern Life Assurance (M) Bhd at RM6.10 per share, or RM171.93 million in cash.

The collecti...

Frankly Speaking: Perplexing that MGO triggered at United Malacca went unnoticed

Malaysian exports rose to its highest in five years in September as electronics shipments expanded sharply while orders from key markets like the US and China soared.

Malaysia’s exports hit five-year high in September as electronics shipments jump

Malaysia’s inflation eased slightly in September as slower increases in housing and utility costs offset stronger transport price pressures, official data released on Monday showed.

Malaysia’s inflation eases to 1.8% in September, below expectations

One-way fares for the East Coast Rail Link (ECRL) between Gombak and Kota Bharu will start at RM125 for Transit services and RM147 for Express services when commercial operations begin in mid-December.

ECRL Gombak-Kota Bharu fares start at RM125

The Negeri Sembilan Dewan Keadilan dan Undang (DKU) and its secretary last Friday (Oct 16) filed an application at the Seremban High Court, seeking permission to initiate contempt proceedings against Menteri Besar Datuk Ismail Lasim, its 10 former executive council (exco) members, and six others.

DKU and its secretary seek permission to initiate contempt against Negeri Sembilan MB and 16 others

Public Bank Bhd (KL:PBBANK) may unlock an unrealised gain of RM521 million if Japan's MS&AD Insurance Group Holdings Inc acquires its 44.15% controlling stake in LPI Capital Bhd (KL:LPI), said CIMB Securities.

CIMB Securities: Public Bank could earn RM521m if MS&AD acquires LPI Capital stake

South Korea’s main pension fund took a 182 trillion won (US$137 billion or RM558 billion) hit after a decline in stakes of equities including Samsung Electronics Co and SK Hynix Inc.

Samsung, SK Hynix slide causes US$137 bil South Korean pension hit

Indonesian officials plan to meet with MSCI Inc executives on Monday, according to people familiar with the matter, after saying they were blindsided by the index provider’s threat to reclassify the country as a stand-alone market — a much more severe step than they thought was under discussion during months of talks.

Indonesia said to meet with MSCI on Monday over index threat

The government is looking at potentially introducing a tiered fuel cost charge mechanism as a measure to subsidise household electricity consumption next year, according to the Ministry of Energy Transition and Water Transformation (Petra).

Govt mulls subsidising electricity through tiered fuel charges — deputy minister

Malaysia’s automotive total industry volume (TIV) increased 19% to 69,609 units in September from 58,490 units in the same month last year.

Total industry volume up 19% to 69,609 units in September, says Malaysian Automotive Association

KUALA LUMPUR (Oct 19): Zetrix AI Bhd (KL:ZETRIX) said on Monday that it is withdrawing a planned dividend payment declared two months to conserve cash.

Zetrix AI rescinds dividend plan to conserve cash

The Negeri Sembilan Dewan Keadilan dan Undang (DKU) and its secretary last Friday (Oct 16) filed an application at the Seremban High Court, seeking permission to initiate contempt proceedings against Menteri Besar Datuk Ismail Lasim, its 10 former executive council (exco) members, and six others.

KUALA LUMPUR (Oct 19): MS&amp;AD Insurance Group Holdings Inc is exploring a takeover of Malaysian insurer LPI Capital Bhd (KL:LPI) for growth overseas, Bloomberg reported.

Japan’s MS&AD said to consider deal for Malaysia’s LPI Capital — Bloomberg

SINGAPORE (Oct 19): Oil prices slipped on Monday after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.

Oil tumbles as Trump's Russia sanctions waiver may lead to more fuel supplies

American private equity firm KKR is planning to invest some RM2.6 billion in PETRONAS’ renewable energy subsidiary in India, The Economic Times reported on Monday.

KKR to invest some RM2.6 bil in PETRONAS’ renewable energy venture in India

A budget should be judged by both the relief it provides today and the productive capability it builds for tomorrow.

Tong's Portfolio - Budget 2027: More to spend, less to build?

Volatility has become a defining feature of global trade, and Malaysian businesses have had to adapt at pace. Over the last five years, they have navigated global events that have had major impacts on how and where trade flows, including COVID-19, the Red Sea disruption, the Russia–Ukraine war, shifting tariff regimes and renewed conflict in the Middle East. Yet trade remains resilient and has kept growing, and expectations have risen with it.

TradeCash is now live in Malaysia – keep your working capital in step with trade

Digital Nasional Bhd, which deploys Malaysia’s 5G network infrastructure, no longer requires any support from the government, Communications Minister Datuk Seri Fahmi Fadzil said.

Digital Nasional no longer needs state support, govt exposure reduced to nil — Fahmi

US stock futures rose and oil edged lower as traders prepared for a packed week of corporate earnings and Chinese economic data against a backdrop of heightened geopolitical risks.

US stock futures rise ahead of busy earnings week

Asian share markets slipped on Monday as unease over artificial intelligence's (AI)&nbsp;enormous funding needs undermined confidence ahead of a week packed with earnings, while Chinese economic data pipped forecasts in a positive for world growth.

Asian stocks slip, Wall Street and bonds benefit from oil skid

KUALA LUMPUR (Oct 19): The recent tech sector pullback has created an "attractive accumulation opportunity", BIMB Securities said in its latest sector note, on favourable structural growth outlook including in the advanced packaging segment.&nbsp;

Tech sector pullback a window for accumulation, says BIMB Securities

JAKARTA (Oct 19): The Indonesia Stock Exchange said on Monday that it has cut its lower auto-rejection limit to 7% from 15%, a move it said would support investors in making decisions.

Indonesia bourse cuts its lower auto-rejection limit to 7% from 15%

A total of 27 areas nationwide recorded unhealthy air pollutant index (API) readings as of 9am on Monday, with Johan Setia in Selangor recording the highest reading at 172.

Haze: Unhealthy air in 27 areas, reading highest at 172 in Selangor's Johan Setia

Indonesian stocks slid to a six-year low on Monday as a warning from MSCI over possible expulsion from its global indices next year rattled fragile investor sentiment, sharpening the focus on how Jakarta intends to allay the index provider's concerns.

Indonesian stocks slide to six-year low as MSCI warning weighs

One-way fares for the East Coast Rail Link (ECRL) between Gombak and Kota Bharu will start at RM125 for Transit services and RM147 for Express services when commercial operations begin in mid-December.

When Hublot paired a precious gold case with a rubber strap in 1980, the luxury watch world called it heresy.

Taking shape: The Edge, HSBC Malaysia and The Hour Glass Malaysia host private viewing of radical timepieces by Hublot and artist Jeff Koons

Malaysian exports rose to its highest in five years in September as electronics shipments expanded sharply while orders from key markets like the US and China soared.

KUALA LUMPUR (Oct 19): Malaysia was among Asian markets that recorded net foreign institutional outflows last week, with foreign institutions extending their net selling streak on Bursa Malaysia to four consecutive weeks, amounting to RM270.2 million, according to MBSB Investment Bank Bhd (MBSB IB).

Malaysia among Asian markets recording net selling last week — MBSB IB

Aid for middle 40% income (M40) households, allocations for the Madani school and Kampung Angkat programmes, and the effectiveness of the Tourism Compliance Focus Zone (ZTPP) programme are among the issues scheduled to be raised at the Dewan Rakyat sitting on Monday.

Forex RCI

‌
‌

Forex RCI

‌‌

‌
‌