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US Rate Cut, Malaysia's Structural Reforms And Economic Outlook Fuelling Ringgit Recovery -- BNM

By Vijian Paramasivam

KUALA LUMPUR, Sept 20 (Bernama) - - The US Federal Reserve’s (Fed) recent decision to slash interest rates has a significant impact on Malaysia’s ringgit, especially in light of shifting currency dynamics across the region.

Bina Darulaman Says External Auditor's Resignation A Routine Governance Practice

ALOR SETAR, Sept 19 (Bernama) -- Bina Darulaman Bhd today clarified that the resignation of its external auditor, KPMG PLT, effective Sept 9, 2024, was part of a routine governance practice.

MIDA Partners MIER To Strengthen Malaysia’s Investment Climate

KUALA LUMPUR, Sept 19 (Bernama) -- The Malaysian Investment Development Authority (MIDA) and the Malaysian Institute of Economic Research (MIER) have established a strategic partnership focused on enhancing Malaysia’s economic and investment climate through data-driven research, analysis, and collaboration.

Air Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 - MAVCOM

KUALA LUMPUR, Sept 19 (Bernama) -- Malaysian airports served 8.7 million air passengers in August, a 12.7 per cent growth from the 7.7 million passengers recorded in August 2023, reflecting continued robust growth across both international and domestic sectors.

HR Gradual Changes, Strategic Shifts Expected In Next 12 To 18 Months - Study

KUALA LUMPUR, Sept 19 (Bernama) -- People Matters, a people and work community platform, in its  study on largest human resources (HR) industry in Asia Pacific (APAC) and Middle East (ME), highlighted the evolving state of HR and the strategic shifts expected in the next 12 to 18 months.

Zycus Named Leader In Supplier Value Management Platforms By Forrester 

KUALA LUMPUR, Sept 19 (Bernama) -- Zycus, a provider of generative artificial intelligence (GenAI)-powered Source-to-Pay solutions, has been recognised as a Leader in The Forrester Wave: Supplier Value Management (SVM) Platforms, for the third quarter of this year.

AM Best Maintains Stable Outlook On China's Non-life Insurance Segment

KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle (EV) insurance market.

Medidata Recognised As Leader In Electronic Data Capture By Everest Group 

KUALA LUMPUR, Sept 19 (Bernama) -- Medidata, a Dassault Systèmes brand and the provider of clinical trial solutions to the life sciences industry, has been recognised as a Leader in Everest Group‘s first-ever PEAK Matrix Assessment for Electronic Data Capture (EDC) in life sciences.

RHB IB Lifts 2024 TIV Forecast To 790,000 Units

KUALA LUMPUR, Sept 19 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has raised its total industry volume (TIV) forecast for this year to 790,000 units, up from its previous estimate of 740,000 units.

HDC Studies New Incentives To Boost Foreign Investments In Halal Industry

KUALA LUMPUR, Sept 18 (Bernama) -- The Halal Development Corporation (HDC), in collaboration with the Ministry of Investment, Trade and Industry (MITI) and the Malaysian Investment Development Authority (MIDA), is studying and formulating new incentives to boost foreign investment in the halal industry.

Gentrification Of Islamic Finance - More Than Just Shariah Compliance 

LONDON, Sept 18 (Bernama) -- Modern-day Islamic finance began to gain a foothold in Malaysia in 1963 with the establishment of the Hajj Pilgrims Savings Corporation (now known as Lembaga Tabung Haji), which is central to the transformation of a Shariah-based financial system in Malaysia.

Budget 2025: BIMB Securities Expects Malaysia's Fiscal Deficit To Be Lower At 3.5 Pct

KUALA LUMPUR, Sept 18 (Bernama) -- BIMB Securities Sdn Bhd foresees a lower fiscal deficit of 3.5 per cent in line with the 12th Malaysia Plan Mid-term Review (12MP MTR) for Budget 2025.