Bursa Malaysia KLCI Index Soars to Three-Year Peak, What's Next?

Among these constituent stocks, the top 10 performers have seen gains of over 19% this year, with Sunway leading the way with a 100% increase, followed closely by YTL Group with a gain of over 90%. In terms of sector performance, the construction sector is leading the way.

ColumnJul 18 05:08 ET

Malaysia Stocks Surge As AI Building Boom Fuels Longest Rally In 13 Years

Malaysian equities are on a tear led by builders and suppliers on the back of an AI-driven data centre boom, putting a long-overlooked market back on the radar of global investors. Malaysia's benchmark KLCI is hovering near three-and-a-half-year highs and up five quarters in a row, its longest streak in 13 years.

Business TodayJul 18 04:24 ET

Malaysia Targets 5% Approved Investment Growth This Year

Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia is aiming for a 5% growth in approved investments in 2024.

Business TodayJul 18 04:17 ET

Malaysia's AI Investments Ranks 44th While Singapore Leads ASEAN Countries At 3rd, Liew Tells Parliament

The Government is always proactive in attracting high-quality investments, including investments in Artificial Intelligence (AI) to enhance technological capacity development, thereby contributing towards establishing the country as a digital investment hub.

Business TodayJul 17 03:57 ET

Can Anwar's Reforms Propel Malaysia To The Forefront Of High-Value Sectors?

Prime Minister Datuk Seri Anwar Ibrahim's initiatives to attract high-value sectors such as semiconductor fabrication and digital technology, expedite foreign direct investment (FDI) approvals, and improve the ease of doing business are making significant impacts on both Malaysia and the broader Asian region, Forbes Magazine reported.

Business TodayJul 11 02:12 ET

Rebound Anticipated For Malaysia Stock Market

Ahead of Monday's holiday for the Islamic New Year, the Malaysia stock market had snapped the two-day winning streak in which it had climbed more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it may move back to the upside again on Tuesday.

Business TodayJul 8 22:38 ET