11m ago
KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.
11m ago
By Nurunnasihah Ahmad Rashid
KUALA LUMPUR, March 23 (Bernama) -- Gold price is on fire! The precious metal continues to defy expectations, repeatedly smashing record highs as investors seek refuge from global economic turbulence.
11m ago
By Zairina Zainudin
KUALA LUMPUR, March 21 (Bernama) -- The Consumer Credit Oversight Board (CCOB) task force aims to have the Consumer Credit Bill 2025 gazetted by the end of this year, said Bank Negara Malaysia Assistant Governor Abu Hassan Alshari Yahaya.
11m ago
KUALA LUMPUR, March 21 (Bernama) -- AM Best has affirmed Hanoi Reinsurance Joint-Stock Corporation’s (Hanoi Re) financial strength rating (FSR) of B++ (Good), the long-term issuer credit rating (Long-Term ICR) of “bbb” (Good), and the Vietnam National Scale Rating (NSR) of aaa.VN (Exceptional).
11m ago
KUALA LUMPUR, March 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM).
11m ago
KUALA LUMPUR, March 19 (Bernama) -- The automotive total industry volume (TIV) recovered in February, increasing 31 per cent month-on-month to 63,906 units compared to 48,732 units in January, the Malaysian Automotive Association (MAA) reported.
1y ago
KUALA LUMPUR, March 13 (Bernama) -- The MADANI Digital Trade (MDT) could be a game changer, enabling small and medium enterprises (SMEs) to benefit from technologies such as big data and analytics, cloud computing and artificial intelligence.
1y ago
By Siti Noor Afera Abu
KUALA LUMPUR, March 11 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) extended its decline at Tuesday’s closing, reflecting increased volatility and mirroring the sharp sell-off in US equities as global risk aversion intensified.
1y ago
KUALA LUMPUR, March 7 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of New Zealand’s Fidelity Life Assurance Company Limited (Fidelity Life Assurance).
1y ago
KUALA LUMPUR, March 5 (Bernama) -- The Digital Economy Framework Agreement (DEFA) negotiations will be finalised by the end of this year, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.
1y ago
KUALA LUMPUR, March 3 (Bernama) -- The ringgit is expected to rise against the US dollar this year, averaging at RM4.23 against the greenback but at a slower pace due to evolving US monetary policy, according to MIDF Amanah Investment Bank Bhd.
1y ago
KUALA LUMPUR, Feb 27 (Bernama) -- DRB-HICOM Bhd posted a significantly lower net profit of RM22.55 million for the financial year ended Dec 31, 2024 (FY2024), compared to the RM238.88 million net profit recorded in FY2023.