BNM Imposes Penalties On Four Financial Institutions For Regulatory Breaches

KUALA LUMPUR, May 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed an administrative monetary penalty on four banks, namely Bank Pembangunan Malaysia Bhd (BPMB), HSBC Bank Malaysia Bhd, HSBC Amanah Malaysia Bhd and Maybank Islamic Bhd for various breaches of financial regulations.

AmBank Approves RM70 Mln Financing For Sunview’s Solar Project In Kedah

KUALA LUMPUR, May 28 (Bernama) -- AmBank Group, through AmBank Islamic Bhd, has approved RM70 million to Sunview Group Bhd’s wholly-owned subsidiary, Fabulous Sunview Sdn Bhd (FSSB), to part-finance the construction of a 29.99 MegaWatt ground-mounted photovoltaic solar power plant in Kedah.

RHB Bank's 1Q Profit Rises To RM750.03 Mln

KUALA LUMPUR, May 28 (Bernama) -- RHB Bank Bhd posted a higher net profit of RM750.03 million for the first quarter ended March 31, 2025 (1Q 2025) compared with RM730.17 million in the same period last year.

AEC Strategic Plan To Enhance Region’s Digital Economy, Projected To Reach US$1 Trillion By 2030 - Economist

By Danni Haizal Danial Donald

KUALA LUMPUR, May 28 (Bernama) -- The impact of enhancing the digital economy via the ASEAN Economic Community (AEC) Strategic Plan 2026-2030 will be immense because the region’s digital economy is projected to reach US$1 trillion by 2030, an economist said.

Accountants Play Critical Role In Improving Companies Sustainablity Practices — Amir Hamzah

KUALA LUMPUR, May 26 (Bernama) — Accountants play a critical role in guiding companies to improve their sustainability practices, particularly in governance by ensuring high-quality, reliable disclosures are aligned with international standards, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

AmBank Group Posts Higher FY2025 Net Profit Of RM2 Bln

KUALA LUMPUR, May 26 (Bernama) -- AMMB Holdings Bhd (AmBank Group) posted a 7.1 per cent increase in net profit to RM2.0 billion for the financial year ended March 31, 2025 (FY2025), compared to RM1.87 billion a year ago.

ASEAN Needs Over US$3 Trillion Investment For Energy Transition By 2050 - Fadillah

KUALA LUMPUR, May 26 (Bernama) -- Malaysia has urged ASEAN member states to embrace a fundamental shift in financing strategies to achieve the region’s ambitious energy transition goals, with cumulative investments estimated at over US$3 trillion by 2050.

Ringgit Set To Stay Firm With Upside Bias Against USD Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 24 (Bernama) -- The ringgit is expected to stay firm with an upside bias against the greenback next week, ahead of the release of US central bank meeting minutes and the US personal consumption expenditures inflation report.

AEC Roadmap For Deepening Economic Integration And Resilience - Tengku Zafrul

KUALA LUMPUR, May 23 (Bernama) -- The ASEAN Economic Community (AEC) Strategic Plan 2026-2030 will outline the framework for the regional economic integration agenda and enhance its agility and resilience against external shocks.

ASEAN Urged To Close MSME Gaps To Unlock Growth

KUALA LUMPUR, May 23 (Bernama) -- A prominent Malaysian private sector official has urged ASEAN to prioritise strategies and policies that address the challenges facing micro, small and medium enterprises (MSMEs), to ensure the regional economy fully benefits from their potential.

Building Digital Trust Is Key To Unlocking ASEAN's Financial Future

KUALA LUMPUR, May 22 (Bernama) -- As ASEAN pushes forward in its digital transformation journey, addressing persistent issues such as hidden fees, lack of recourse and data privacy is essential to ensure no enterprise is left behind.

EXIM Bank To Support Mac World's Expansion Into Gulf Region With Strategic Financing

KUALA LUMPUR, May 22 (Bernama) -- The Export-Import Bank of Malaysia Bhd (EXIM Bank) has inked a financing agreement with Mac World Food Industries LLC, a subsidiary of Mac World Group, to support its expansion into the Gulf Cooperation Council (GCC) market.