Labuan FSA Advances Islamic Fintech, Captive Insurance With Shariah Blockchain, Zero-tax Incentive

By Jailani Hasan

LABUAN, Nov 8 (Bernama) -- The Labuan Financial Services Authority (Labuan FSA) is strengthening its digital and Islamic finance landscape with the launch of a Shariah-compliant blockchain masterplan and new tax incentives, aiming to transform Labuan into a leading digital financial hub.

Melewar Industrial Signs MoU With RusGrain Union To Secure Grain Supply

KUALA LUMPUR, Nov 8 (Bernama) – The Melewar Industrial Group Bhd has signed a memorandum of understanding (MoU) with the Russian Union of Grain Exporters (RusGrain Union) to secure a long-term grain supply, in response to the Malaysian government’s initiative to strengthen the nation’s food security sector.

Ringgit Closes Stronger Against US Dollar On Market Optimism

By Harizah Hanim Mohamed

KUALA LUMPUR, Nov 8 (Bernama) -- The ringgit closed stronger against the US dollar today, driven by broad market optimism.

Bursa Malaysia Closes Marginally Lower Amid Profit-taking

By Abdul Hamid A Rahman

KUALA LUMPUR, Nov 8 (Bernama) -- Bursa Malaysia closed marginally lower on the final trading day of the week, weighed by profit-taking amid cautious sentiment after Donald Trump’s US election victory.

BNM: Malaysia's ASEAN Chairmanship To Boost Regional Takaful, Re-takaful Collaboration 

KUALA LUMPUR, Nov 8 (Bernama) -- Malaysia’s ASEAN chairmanship next year represents an opportunity to advance regional collaboration in critical sectors including in takaful and re-takaful, said Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani Mohamad Zahid. 

FGV Sees EUDR Delay As Opportunity To Boost Sustainability Efforts With Smallholders

By Nur Athirah Mohd Shaharuddin

SUNGKAI, Nov 8 (Bernama) -- FGV Holdings Bhd sees the delay in the European Union Deforestation Regulation (EUDR) enforcement as an opportunity for the company to work on the necessary things with smallholders.

FGV Plans To Export CPKO To Europe Via Customer-end Products

From Nur Athirah Binti Mohd Shaharuddin

SUNGKAI, Nov 8 (Bernama) -- FGV Holdings Bhd will leverage its existing customer base to export crude palm kernel oil (CPKO) products to Europe by the end of this year.

SEA Partners With PMBK To Develop Biofuel Facility In Kelantan

KOTA BHARU, Nov 8 (Bernama) -- Standard Energy Asia (SEA) Sdn Bhd and Perbadanan Menteri Besar Kelantan (PMBK) have announced a strategic partnership to develop a state-of-the-art biofuel production facility near Tok Bali Port, Pasir Puteh, Kelantan.

Labuan’s IDAC on Track To Achieve US$1 Bln In Shariah-compliant digital Assets

LABUAN, Nov 8 (Bernama) -- Labuan’s Islamic Digital Asset Centre (IDAC), launched in 2022, has marked major milestones, with digital assets now collectively valued at US$820 million.

PM Anwar To Lead Malaysian Delegation To APEC Summit

KUALA LUMPUR, Nov 8 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim will lead the Malaysian delegation to the 31st APEC Economic Leaders’ Meeting (AELM) in Lima, Peru, from Nov 14-16.

Terengganu Inc, MB Holding LLC Sign MoUs On Potential Industrial Cooperation

KUALA TERENGGANU, Nov 8 (Bernama) -- The Terengganu government's strategic holding investment company Terengganu Incorporated Sdn Bhd (Terengganu Inc) signed two memoranda of understanding (MoUs) with MB Holding LLC from Oman for the purpose of exploring potential industrial cooperation in the state.

Manufacturing Sales Value Rises 2.9 Pct To RM162.3 Bln In September-- DOSM

KUALA LUMPUR, Nov 8 (Bernama) -- The manufacturing sector's sales value for September 2024 reached RM162.3 billion, reflecting a 2.9 per cent increase year-on-year (y-o-y), according to the Department of Statistics Department (DOSM).