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Anti-money Laundering Among Main Breaches Of Regulations In 2024, RM18.9 Mln Penalties Imposed -- BNM

KUALA LUMPUR, March 24 (Bernama) -- Anti-money laundering and countering financial terrorism were among the most enforcement actions taken by Bank Negara Malaysia (BNM) in 2024, with total monetary penalties imposed on institutions amounting to RM18.9 million.

Life Insurance, Takaful Funds See Profit Decline In 2h 2024 Amid Weaker Investment, Rising Medical Payouts

KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.

Incentivise Non-profit Hospital Expansion To Ease Medical Costs – BNM

KUALA LUMPUR, March 24 (Bernama) -- Increasing the supply of affordable, mid-tier hospital beds and providing incentives for the expansion of not-for-profit hospitals can help mitigate spiralling medical insurance and medical costs.

Malaysia Airports Strengthens International Connectivity Via New Routes

KUALA LUMPUR, March 20 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has strengthened its international connectivity with the introduction of new airline routes in February 2025.

ITMAX Unit Appointed As Smart Parking Operator In Mersing, Effective May 1

KUALA LUMPUR, March 20 (Bernama) -- ITMAX System Bhd’s subsidiary Southmax Sdn Bhd has been appointed by Mersing District Council as the smart parking operator for outdoor parking spaces in the Mersing area.

SC: Crypto Trading Fuels Digital Asset Growth In Malaysia

KUALA LUMPUR, March 20 (Bernama) -- The growth of Malaysia’s digital asset ecosystem signals Malaysian investors’ rising familiarity with the new asset classes, particularly crypto-asset trading activities, the Securities Commission Malaysia (SC) said.

SC: 996 Complaints Regarding Unregistered Dax Operators Since 2019

KUALA LUMPUR, March 20 (Bernama) -- The Securities Commission Malaysia (SC) has received a total of 996 complaints and inquiries regarding unregistered digital asset exchange (DAX) operators.

IOI Properties Unveils Bangi Fresco, Elevating Lifestyle In Klang Valley South

BANGI, March 20 (Bernama) -- IOI Properties Group Bhd (IOIPG) has unveiled Bangi Fresco, the next evolution of its signature Bandar Puteri Bangi township, further elevating the lifestyle landscape of Klang Valley South with a dynamic new retail hub.

REVL Training Expands Globally With Appointment Of Allen Law As Chairman

KUALA LUMPUR, March 19 (Bernama) -- REVL Training has appointed fitness and wellness entrepreneur Allen Law as its global Chairman as the company accelerates its international expansion into the United States, New Zealand, Southeast Asia, the Middle East, North Africa, and the United Kingdom.

EDOTCO, DNB Partner With LADA To Transform Langkawi Into Malaysia's First 5G-enabled Digital Tourism Hub

KUALA LUMPUR, March 19 (Bernama) -- EDOTCO Malaysia and Digital Nasional Bhd (DNB) have collaborated with the Langkawi Development Authority (LADA) to transform Langkawi into Malaysia’s first 5G-enabled digital tourism hub.

Epic Targets Higher FY2025 Revenue Following New Petronas Contracts -- CEO

KUALA LUMPUR, March 17 (Bernama) -- Eastern Pacific Industrial Corporation Bhd (Epic) is targeting a higher revenue of RM470 million for the financial year 2025 (FY2025), following its strong FY2024 performance that saw revenue reaching RM403.8 million, the highest in the company’s history.

MAHB Tightens Wildlife Smuggling Checks At KLIA

KUALA LUMPUR, March 17 (Bernama) -- Malaysia Airports Holdings Bhd (MAHB) has reaffirmed its commitment to tackling wildlife smuggling at Kuala Lumpur International Airport (KLIA) through tighter security measures and closer cooperation with enforcement agencies.