Watchdog Upgrades Malaysia’s Illicit Finance Rating, Urges More Laundering Prosecutions

KUALA LUMPUR, Dec 11 (Bernama) -- Global financial crime watchdog, the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) in a report published today, revealed that Malaysia has further strengthened its defences against illicit finance since 2015, notably by enhancing its legal framework and supervision of financial and non-financial sectors.

Malaysia's Lonpac Insurance Credit Ratings Affirmed As Excellent - AM Best

KUALA LUMPUR, Dec 11 (Bernama) -- Global credit rating agency, AM Best has affirmed Malaysia’s Lonpac Insurance Bhd (Lonpac) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent).

Fed Rate Cut Pushes Ringgit To Four-year Peak Vs Greenback

KUALA LUMPUR, Dec 11 (Bernama) -- The ringgit opened at its strongest level in more than four years against the greenback after the US Federal Reserve (Fed) cut its benchmark lending rate by 25 basis points (bps).

Chin Hin Disposes Of 44.12 Mln Shares In Signature International Via Off Market Transaction

KUALA LUMPUR, Dec 10 (Bernama) -- Chin Hin Group Bhd has disposed of 44.12 million ordinary shares in its subsidiary, Signature International Bhd (SIB), at an average price of RM1.36 per share for a total consideration of about RM59.99 million.

Selangor Revenue Hits RM2.7 Bln, Exceeds Target For 2025

SHAH ALAM, Dec 10 (Bernama) -- Selangor has recorded RM2.7 billion in revenue to date, surpassing this year’s initial target of RM2.3 billion.

Ringgit Holds Steady vs Greenback At Close As FOMC Kicks Off Meeting

KUALA LUMPUR, Dec 9 (Bernama) -- The ringgit continued to hold steady against the US dollar at Tuesday’s close, as markets positioned for a cautious tone as the Federal Open Market Committee (FOMC) begins its two-day meeting today.

Taishin Financial Completes Merger With Shin Kong, Targets NT$1 Trillion AUM

KUALA LUMPUR, Dec 9 (Bernama) -- Taishin Financial Holding has completed its merger with Shin Kong Financial Holding, with their asset management subsidiaries becoming the first units to finalise integration.

Ringgit Steady Against Greenback Ahead Of Fed Meeting Tomorrow

LPPSA Boosts Funding Strategy Via Rated Sukuk Programme, Supporting Govt's fiscal Aspiration

PUTRAJAYA, Dec 7 (Bernama) -- The Public Sector Home Financing Board (LPPSA) is set to make history by launching its first-rated sukuk programme next year, a strategic move aimed at expanding its funding ecosystem while supporting the government’s efforts in prudently managing the country’s liabilities. 

Ringgit To Remain Steady, Trade Within 4.10-4.12 Versus Greenback Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 6 (Bernama) -- The ringgit is expected to remain steady and trade within the 4.10–4.12 range against the US dollar next week, supported by market expectations of an interest rate cut by the US Federal Reserve (Fed) at its upcoming Federal Open Market Committee (FOMC) meeting. 

DayOne Secures Up To 1 Bln Euros Financing For Global Expansion

KUALA LUMPUR, Dec 5 (Bernama) -- DayOne Data Centers, a Singapore-headquartered data centre developer and operator, has secured a mezzanine financing facility of 500 million euros, expandable up to one billion euros upon mutual agreement. (1 Euro = RM4.78)

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.