<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 16): Bank Negara Malaysia’s&nbsp;(BNM) decisions on the overnight policy rate (OPR) will continue to be&nbsp;driven by the country’s growth and inflation outlook, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p></div>

<div class=newsTextDataWrapInner><p>He said that the current OPR of 3% is conducive&nbsp;to supporting economic growth.</p></div>

<div class=newsTextDataWrapInner><p>“BNM’s point of view&nbsp;differs from other central banks, and is more dependent on our own&nbsp;circumstances.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“For now, Malaysia’s economy&nbsp;is currently in a favourable position, and price pressures remain under control,” he said in a written reply read by Deputy Works Minister Datuk Seri Ahmad Maslan&nbsp;in the Dewan Rakyat on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>He was replying to a supplementary question from&nbsp;Chong Zhemin (Pakatan Harapan-Kampar), who wanted to know if BNM will&nbsp;follow the US and UK central banks&nbsp;in lowering their monetary policy&nbsp;rates.</p></div>

<div class=newsTextDataWrapInner><p><em>For more&nbsp;Parliament&nbsp;stories, click&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://theedgemalaysia.com/flash-categories/parliament&amp;source=gmail&amp;ust=1728621165427000&amp;usg=AOvVaw2E0DK1tIZXAQCN3FulWCh2" href="https://theedgemalaysia.com/flash-categories/parliament" target="_blank">here</a>.</em></p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/730393" target="_blank">Govt reforms supporting ringgit's strength versus regional currencies, says Amir Hamzah</a></em></p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Bank Negara Malaysia’s (BNM) decisions on the overnight policy rate (OPR) will continue to be driven by the country’s growth and inflation outlook, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

He said that the current OPR of 3% is conducive to supporting economic growth.

BNM's OPR decisions will continue to be driven by country's growth and inflation outlook, says Amir Hamzah

Stocks extended gains, Treasury yields jumped, while the dollar climbed the most since February 2023, as early returns bolstered trades that have for months risen with Donald Trump’s election prospects.

Stocks, dollar and yields rise on early Trump lead

KUALA LUMPUR (Nov 5): The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.31 billion (RM5.73 billion) short-term sukuk with tenors of one month, three months, and six months.

IILM reissues its largest year-to-date short-term sukuk of US$1.31b

SHANGHAI (Nov 6): Prime Minister Datuk Seri Anwar Ibrahim will commence the third day of his working visit to Shanghai, China, with a Dialogue Session with Chinese investors organised by Khazanah Nasional Bhd.

Anwar to meet potential investors on day three of working visit to China

Increased market volatility is expected in the near term due to the US presidential election, but the Federal Reserve's (Fed) decision following the Federal Open Market Committee meeting this Wednesday and Thursday is likely to have a more significant impact, said MIDF Research.

Market volatility looms with US election, but Fed decision's impact more significant — MIDF

SHANGHAI (Nov 5): Prime Minister Datuk Seri Anwar Ibrahim has extended an invitation to Jiangsu Longda Superalloy Co Ltd to expand its business into Malaysia.

Anwar invites China’s Jiangsu Longda to expand biz into Malaysia

KUALA LUMPUR (Nov 6): Issues concerning the cost of living, human-tiger conflict, and halal certification by the Department of Islamic Development Malaysia (Jakim) are among topics to be discussed in Wednesday’s Dewan Rakyat session.

Cost of living, human-tiger conflict among issues to be raised in Parliament on Wednesday

KUALA LUMPUR (Nov 6): Automation solutions and engineering services firm 3REN Bhd (KL:3REN) made a strong debut on the ACE Market of Bursa Malaysia on Wednesday, as it rose to 33.5 sen, 5.5 sen or nearly 20% premium to its initial public offering (IPO) price at the morning gong.

3REN surges nearly 20% on ACE Market debut

RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the semi-annual review of the index's component stocks on Dec 5.

RHB expects Gamuda's KLCI inclusion ahead of semi-annual review

PHILADELPHIA (Nov 5): Republican Donald Trump won eight states in Tuesday's US presidential election, while Democrat Kamala Harris captured three states and Washington, DC., Edison Research projected, but the outcome of the race remained uncertain with critical battleground states unlikely to be called for hours, or even days.

Trump, Harris notch first statewide wins as polls close in US presidential race

SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara Malaysia (BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told Reuters late on Tuesday (Nov 5).

BNM set to manage market volatility, monitoring US election

<p>Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).</p>


Malaysia the fifth most connected country in Asean in 1H

<p>Stocks extended gains, Treasury yields jumped, while the dollar climbed the most since February 2023, as early returns bolstered trades that have for months risen with Donald Trump’s election prospects.</p>


<p>Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.</p>


Wall Street gains on election day as technology, chip stocks rise

<p>PHILADELPHIA (Nov 5): Republican&nbsp;Donald&nbsp;Trump&nbsp;won eight states in Tuesday's US presidential election, while Democrat&nbsp;Kamala Harris&nbsp;captured three states and Washington, DC.,&nbsp;Edison Research projected, but the outcome of the race remained uncertain with critical battleground states unlikely to be called for hours, or even days.</p>


<p>KUALA LUMPUR (Nov 6): Automation solutions and engineering services firm 3REN Bhd (KL:3REN) made a strong debut on the ACE Market of Bursa Malaysia on Wednesday, as it rose to&nbsp;33.5 sen, 5.5 sen or nearly 20% premium to its initial public offering (IPO) price at the morning gong.</p>


<p>A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&amp;P 500 Index.</p>


Wall Street counting on stocks to rally after election hurdle

<p>SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara&nbsp;Malaysia&nbsp;(BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told <em>Reuters</em> late on Tuesday (Nov 5).</p>


<p>RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the&nbsp;semi-annual review of the index's component stocks on Dec 5.</p>


<p>SHANGHAI (Nov 5): Prime Minister Datuk Seri Anwar Ibrahim has extended an invitation to Jiangsu Longda Superalloy Co Ltd to expand its business into Malaysia.</p>


<p>The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.</p>

<p>Taking the latest available climate data into account, including record increases in temperatures, “the projected physical risk impact” of climate change on gross domestic product (GDP) has quadrupled by 2050 in some scenarios, the Network for Greening the Financial System (NGFS) said in a report on Tuesday.&nbsp;</p>


Global GDP seen taking much bigger climate hit than first feared

<p>Stocks climbed on Tuesday while Treasuries were mixed and the dollar fell in the last trading session before votes are tallied in a US presidential race with far-reaching implications for the economy. Neither the size of the moves nor volume indicated strong conviction on the outcome of a contest that polls continue to put at a dead heat.</p>


Tech pushes stocks higher with vote in full swing

<p>The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.</p>


Imports boost US trade deficit to nearly 2-1/2-year high in September

<p>The UK’s fiscal watchdog accused Treasury civil servants of breaking the law by withholding information before the March budget, raising the stakes in a blame game over who was responsible for hiding a multi-billion pound shortfall.</p>


UK budget watchdog says Treasury officials may have broken law

<p>KUALA LUMPUR (Nov 6): Issues concerning the cost of living, human-tiger conflict, and halal certification by the Department of Islamic Development Malaysia (Jakim) are among topics to be discussed in Wednesday’s Dewan Rakyat session.</p>


<p>SHANGHAI (Nov 6): Prime Minister Datuk Seri Anwar Ibrahim will commence the third day of his working visit to Shanghai, China, with a Dialogue Session with Chinese investors organised by Khazanah Nasional Bhd.</p>


<p>Increased market volatility is expected in the near term due to the US presidential election, but the Federal Reserve's (Fed) decision&nbsp;following the Federal Open Market Committee meeting this Wednesday and Thursday is likely to have a more significant impact, said MIDF Research.</p>


<p>（吉隆坡6日讯）3REN Bhd（KL:3REN）今早在大马交易所创业板亮丽登场，首宗交易价格比首次公开募股（IPO）发售价溢价5.5仙或约20%。</p>


创业板亮丽登场 3REN大涨近20%

<p>KUALA LUMPUR (Nov 5): The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.31 billion (RM5.73 billion) short-term sukuk with&nbsp;tenors of one month, three months, and six months.</p>
