AM Best Affirms Excellent Ratings For FuSure Reinsurance With Stable Outlook 

KUALA LUMPUR, June 3 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Hong Kong’s FuSure Reinsurance Company Limited (FuSure), with a stable outlook for both credit ratings (ratings).

Malaysia Secures RM4.68 Bln Potential Investments From Japan At Expo 2025 Osaka

KUALA LUMPUR, June 3 (Bernama) -- The Malaysian Investment Development Authority (MIDA) has secured RM4.68 billion worth of potential investments from Japan at Expo 2025 Osaka, underscoring Malaysia’s growing appeal as a strategic hub for sustainable and innovation-driven business in Southeast Asia.

Scams, Trust Issues Plague Secondhand Motorcycle Market In Malaysia

By Abdul Hamid A Rahman

KUALA LUMPUR, June 3 (Bernama) -- Malaysia’s secondhand motorcycle market continues to grapple with trust issues as buyers face growing risks of fraud and a lack of transparency in transactions.

Bank Islam's Net Profit Eases To RM126.27 Mln In 1Q 2025

KUALA LUMPUR, May 30 (Bernama) -- Bank Islam Malaysia Bhd (BIMB) posted a net profit of RM126.27 million for the first quarter ended March 31, 2025 (1Q 2025), 3.53 per cent lower compared to RM130.73 million recorded in the same period last year.

ASEAN-China-GCC Cooperation Can Reap Huge Economic Benefits -- Tengku Zafrul

KUALA LUMPUR, May 29 (Bernama) -- ASEAN can reap huge economic benefits through deepening ties with China and the Gulf Cooperation Council (GCC), says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

MITI Has Not Appointed New Chairman For HDC

KUALA LUMPUR, May 28 (Bernama) --  The Ministry of Investment, Trade and Industry (MITI) has yet to appoint a new chairman for Halal Development Corporation Bhd (HDC) following the end of former chairman Khairul Azwan Harun’s contract.

Sarawak Considers Pilot Project For Gold Mining In Bau

KUCHING, May 28 (Bernama) -- The Sarawak government is in the process of assessing the potential for gold mining in Bau, near here, following the discovery of new gold deposits in the area, said Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan.

FBM KLCI Ends Slightly Higher At Midday On Cautious Sentiment

KUALA LUMPUR, May 28 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) ended slightly higher at midday as bargain-hunting was offset by cautious sentiment amid persistent global uncertainties.

MITI Studying Proposal To Merge HDC And MATRADE - Tengku Zafrul

KUALA LUMPUR, May 28 (Bernama) -- The  Investment, Trade and Industry Ministry (MITI) is studying the merger of the Halal Development Corporation (HDC) and the Malaysia External Trade Development Corporation (MATRADE).

Malaysia Signs Deal To Initiate Trade Talks With GCC, Eyes Expansion Of Businesses -- Tengku Zafrul

By Vikneswaran Raman

KUALA LUMPUR, May 26 (Bernama) — Malaysia has set its sights on expanding trade with the oil-rich Gulf Cooperation Council (GCC) countries after signing a joint statement to initiate negotiations on a Malaysia-GCC Free Trade Agreement (MGFTA) today.

Maybank Net Profit At RM2.59 Bln, Driven By Corporate Banking

KUALA LUMPUR, May 26 (Bernama) -- Malayan Banking Bhd (Maybank) net profit has risen to RM2.59 billion in the first quarter ended on March 31, 2025 (1Q FY2025) from RM2.49 billion a year ago, driven by the group’s corporate banking and global markets segment.

Petronas Gas Posts Higher 1Q Profit, Declares 16 Sen Dividend

KUALA LUMPUR, May 26 (Bernama) -- Petronas Gas Bhd’s net profit for the first quarter of 2025 (1Q 2025) rose to RM468.80 million from RM456.65 million a year earlier.