AM Best Affirms Mongolian Re Credit Ratings

KUALA LUMPUR, Dec 5 (Bernama) -- AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re).

AM Best Affirms Excellent Ratings For Hong Kong’s China Taiping Insurance

KUALA LUMPUR, Dec 5 (Bernama) -- Global credit rating agency, AM Best has affirmed Hong Kong’s China Taiping Insurance (HK) Company Limited [CTPI (HK)] financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.

Targeted Subsidy Doesn't Increase National Debt, Savings Up To RM4 Bln Per Year -- MoF

KUALA LUMPUR, Dec 4 (Bernama) -- The implementation of targeted subsidy does not increase national debt, but rather an important strategy to reduce long-term liabilities, stabilise the fiscal position and strengthen investor confidence in Malaysia’s economic prospects.

Bursa Malaysia Ends Lower As Market Sentiment Turns Cautious

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia pared earlier losses to end marginally lower today as cautious sentiment prevailed ahead of the US Federal Reserve (Fed) meeting next week.

Bursa Malaysia Stays Lower At Midday On Persistent Selling

KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia stayed lower at midday on Thursday due to persistent selling in selected heavyweights, led by the utilities and financial services sectors.  

Malaysia’s GDP Expected To Grow 4.6 Pct In 2026 - CGS International

KUALA LUMPUR, Dec 4 (Bernama) -- Malaysia’s gross domestic product (GDP) is expected to expand by 4.6 per cent in 2026, supported by improving external demand despite a slight moderation in domestic activity, said CGS International Securities Malaysia Sdn Bhd.

AI On Track To Contribute Up To 1.2 Pct To GDP, Worth RM20 Bln Annually

KUALA LUMPUR, Dec 3 (Bernama) -- The artificial intelligence (AI) sector is expected to contribute an additional 0.8-1.2 per cent to Malaysia’s gross domestic product by 2030, equivalent to RM13-20 billion a year, according to the Ministry of Digital.

PAC Urges Khazanah To Strengthen Non-financial Risk Analysis

KUALA LUMPUR, Dec 3 (Bernama) -- The Public Accounts Committee (PAC) has recommended that Khazanah Nasional Bhd strengthen its risk management framework by conducting deeper scenario analyses on non-financial market shocks such as technological and geopolitical changes.

Govt Urged To Scrap 5 Pct Sales Tax On Sawn Timber, Review SST Expansion

KUALA LUMPUR, Dec 3 (Bernama) -- The government has been urged to exempt the five per cent sales tax on sawn timber and to review the expanded scope of the Sales and Services Tax (SST), which has resulted in double taxation for the timber and wood-based industries.

JLG Eyes RM40 Bln Investment From Second Phase Of Data Centre Project In IBTEC

JOHOR BAHRU, Dec 2 (Bernama) -- JLand Group Sdn Bhd (JLG) has targeted investments of about RM40 billion within the next three years for the second phase of its data centre development project known as StepWest.

Digital Ministry Conducting Mid-Term Review Of Two Digital Policy Framework Documents

KUALA LUMPUR, Dec 2 (Bernama) -- The government is conducting a Mid-Term Review (MTR) for two key national digital policy framework documents, namely the National Fourth Industrial Revolution Policy (D4IRN) and the Malaysia Digital Economy Blueprint (RTEDM) 2021–2030, according to the Ministry of Digital.

Bursa Malaysia Ends Higher On Improved Regional Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 2 (Bernama) -- Bursa Malaysia’s key index sustained its uptrend but closed off its intraday high as investor sentiment continued to improve amid broad gains across major Asian markets, said an analyst.