KUALA LUMPUR, Dec 22 (Bernama) -- Global credit rating agency, AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb+” (Good) of Hong Kong’s Min Xin Insurance Company Limited (MXIC).
KUALA LUMPUR, Dec 22 (Bernama) -- Local institutions extended their buying streak for a fifth consecutive week with net inflows of RM508.6 million, while local retailers recorded a third consecutive week of net outflows of RM145.3 million.
KUALA LUMPUR, Dec 22 (Bernama) -- Expanding bumiputera participation in commercial real estate is an important lever in Malaysia’s nation-building agenda, with Pelaburan Hartanah Bhd (PHB) acting as a key institutional platform to drive wealth creation and economic growth.
By Siti Radziah Hamzah
KUALA LUMPUR, Dec 22 (Bernama) – The ringgit was Asia’s best-performing currency this year against its regional peers, with its gains underpinned by strong economic fundamentals and buoyant exports, while interest rate cuts by the United States Federal Reserve (Fed) provided pivotal support to the local currency.
By Kisho Kumari Sucedaram
KUALA LUMPUR, Dec 22 (Bernama) -- Saudia Airlines is exploring opportunities to increase flight frequencies between Kuala Lumpur International Airport (KLIA) and key Saudi Arabian destinations in 2026, as Malaysia strengthens its role as a strategic growth and feeder market in the airline’s Asia-Pacific (APAC) expansion strategy.
KUALA LUMPUR, Dec 22 (Bernama) -- Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower on Monday as investors engaged in profit-taking in heavyweight stocks following the index’s recent strong performance despite a positive close on Wall Street.
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Dec 21 (Bernama) -- Razorpay Curlec Sdn Bhd is positioning itself for its next phase of growth as Malaysia’s digital payments market shifts from rapid adoption towards deeper integration, scale and cross-border capability, said country head and chief executive officer Kevin Lee.
KUALA LUMPUR, Dec 21 (Bernama) -- Malaysia’s stock market rebounded and held steady towards year-end, underpinned by attractive valuations and a gradual earnings recovery, despite a turbulent global backdrop precipitated by US-imposed tariffs and a prolonged government shutdown that weighed on investor sentiment.
By Danni Haizal Danial Donald
KUALA LUMPUR, Dec 20 (Bernama) -- Bursa Malaysia is likely to consolidate its recent gains and trade within a narrow range next week as investors unwind tactical positions after this week’s strong performance.
KUALA LUMPUR, Dec 19 (Bernama) -- The International Monetary Fund’s (IMF) assessment of Malaysia’s economic performance reflects the nation’s prudent fiscal management, strong domestic demand, and commitment to structural reforms under the MADANI Economy framework, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
By Danni Haizal Danial Donald
KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia’s key index, the FBM KLCI, closed 1.15 per cent higher at 1,665.90 on Friday, climbing to an almost 15-month high and surpassing the 1,660.09 points recorded on Sept 27, 2024, supported by firmer regional markets amid the Bank of Japan’s (BOJ) interest rate hike.
By Danni Haizal Danial Donald
KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia ended the week sharply higher, climbing to an almost 15-month high and surpassing its previous peak of 1,660.09 recorded on Sept 27, 2024, as domestic sentiment improved ahead of year-end portfolio flows.
