Bank Muamalat Launches Ar-Rahnu BIZ: Up To RM5 Mln In Financing Using Gold As Collateral

KUALA LUMPUR, July 11 (Bernama) -- Bank Muamalat Malaysia Bhd today introduced Ar-Rahnu BIZ, a new shariah-compliant financing product designed specifically for registered companies (Sdn Bhd and enterprises) seeking quick access to capital of up to RM5 million, secured with gold as collateral.

SMCCI, Maybank Ink MoU To Boost Halal Intiative, SMEs Growth In JS-SEZ

KUALA LUMPUR, July 11 (Bernama) -- The Singapore Malay Chamber of Commerce and Industry (SMCCI) has signed a memorandum of understanding (MOU) with Maybank Singapore Ltd to advance Halal-focused initiatives and support the growth of small and medium enterprises (SMEs) in both countries. 

BNM Likely To Maintain OPR At 2.75 Pct For 2025 - BMI

KUALA LUMPUR, July 11 (Bernama) -- Bank Negara Malaysia (BNM) is expected to maintain its Overnight Policy Rate (OPR) at 2.75 per cent for 2025, according to BMI, a unit of Fitch Solutions.

Late Buying Of Banking Stocks Lifts Bursa Malaysia To Close At Intraday High

By Harizah Hanim Mohamed and Danni Haizal Danial Donald

KUALA LUMPUR, July 10 (Bernama) -- Late buying of banking stocks pushed up Bursa Malaysia to close at its intraday high today, with the key index gaining 0.48 per cent, in line with the improved regional sentiment.

Malaysia Should Strengthen ASEAN Ties, Engage In Multilateral Cooperation To Counter Trade Pressures -- Experts

By Harizah Hanim Mohamed

KUALA LUMPUR, July 10 (Bernama) -- Malaysia should continue to strengthen its intra-ASEAN trade relations and engage in multilateral partnerships, as this approach will reduce dependence on any single country and benefit all parties by minimising both trade and non-trade barriers, including tariffs and the movement of goods across borders.

BNM Expected To Hold Rates Steady Through 2025 After OPR Cut – Investment Banks

KUALA LUMPUR, July 10 (Bernama) -- Public Investment Bank Bhd (Public IB) expects Bank Negara Malaysia (BNM) to hold interest rates steady for the remainder of 2025, following the recent overnight policy rate (OPR) cut.

ExtraHop Expands Singapore Presence To Bolster APAC Cybersecurity

KUALA LUMPUR, July 10 (Bernama) -- ExtraHop, a leader in modern network detection and response (NDR), is expanding operations in Singapore to support growing regional demand and strengthen data sovereignty for Asia Pacific (APAC) customers.

Bank Islam, RHB, Affin Bank And Public Bank Announce Reduction In Rates

KUALA LUMPUR, July 9 (Bernama) -- Bank Islam Malaysia Bhd, RHB Banking Group and Public Bank Bhd have revised their standardised base rate (SBR), base rate (BR) and base financing rate (BFR), following Bank Negara Malaysia’s (BNM) decision to reduce the Overnight Policy Rate (OPR) by 25 basis points (bps), from 3.00 per cent to 2.75 per cent today.

Bursa Malaysia Pares Loss At Close After Bank Negara Cuts Interest Rate

By Anas Abu Hassan and Danni Haizal Danial Donald

KUALA LUMPUR, July 9 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) pared earlier losses to end almost unchanged on Wednesday, declining by only 0.06 per cent, after Bank Negara cut the benchmark interest rate.

Malaysia Gold Association Establishes Shariah Advisory Board

KUALA LUMPUR, July 9 (Bernama) -- The Malaysia Gold Association (MGA) has recently appointed its first Shariah Advisory Board (SAB), a significant step forward in providing Shariah governance, upholding ethical standards, and fostering greater confidence in Malaysia’s gold industry.

Malaysia Still Optimistic On Outcome Of US Tariff Talks

KUALA LUMPUR, July 9 (Bernama) -- Malaysia remains optimistic about the outcome of its tariff negotiation with the United States (US), banking on certain sectors that could be favourable to both countries, says Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Aziz.

Financial Aid Programmes To Support B40, SST To Drive Economic Stability -- Economists

By Harizah Hanim Mohamed

KUALA LUMPUR, July 9 (Bernama) -- Salary increases, along with the expansion of recipients and higher allocations under the public assistance programme, are expected to cushion the short-term impact of rising prices following the expansion of the Sales and Service Tax (SST).