KUALA LUMPUR: Despite government initiatives to encourage the purchase of electric vehicles (EV) in Malaysia, the relatively high costs remain a hurdle to wider adoption in Malaysia.
KUALA LUMPUR: The ringgit depreciated further against the US dollar, hitting a six-month low, and is currently trading near its resistance level of 4.6257, alongside other regional currencies impacted by the US debt ceiling debacle, said Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid.
Boost Holdings Sdn Bhd, the financial technology arm of Axiata Group Bhd, and RHB Bank Bhd have executed share subscription agreements (SSA) to jointly subscribe to 100 million shares in newly incorporated Boost Bhd for RM100mil cash.