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Development Financial Institutions' Higher Approval Boosts Over 14,000 Businesses

KUALA LUMPUR, March 24 (Bernama) -- More than 14,000 small and medium enterprises (SMEs), microenterprises, start-ups, and the low-income group grew in line with higher approval rates under development financial institutions (DFI) financing in 2024, said Bank Negara Malaysia (BNM) today. 

BNM: Islamic Finance Expands To RM1.13 Bln In 2024, Takaful Growth Moderates On Rising Costs

KUALA LUMPUR, March 24 (Bernama) – The Islamic banking and takaful industries continued to record positive growth in 2024, with the Islamic banking industry’s share of total financing in the financial system increasing to 46.6 per cent last year from 45.6 per cent in 2023.

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.

Risks From BNPL Debt Contained -- BNM

KUALA LUMPUR, March 24 (Bernama) -- Buy now, Pay Later (BNPL) activity has grown rapidly, although the total outstanding BNPL debt remained a small proportion of overall household debt at RM2.8 billion or 0.2 per cent as of December 2024.

BNPL And Debt: Between Convenience And Concern

PUTRAJAYA, March 23 (Bernama) -- Consumers’ ability to repay debt from 'Buy Now, Pay Later' (BNPL) facilities is increasingly a concern, especially with the significant growth in BNPL transactions in Malaysia, thus raising concerns about the risks of high indebtedness and the importance of financial literacy.

CGTN: Chinese President Highlights Yunnan's "Flower Economy", Cultural Tourism During Visit

KUALA LUMPUR, March 21 (Bernama) -- On a recent tour of southwest Yunnan Province, Chinese President Xi Jinping visited the Lijiang Modern Flower Industrial Park, an epitome of China's efforts to advance rural revitalisation.

CCOB Aims To Have Consumer Credit Bill 2025 Gazetted By Year-end

By Zairina Zainudin

KUALA LUMPUR, March 21 (Bernama) -- The Consumer Credit Oversight Board (CCOB) task force aims to have the Consumer Credit Bill 2025 gazetted by the end of this year, said Bank Negara Malaysia Assistant Governor Abu Hassan Alshari Yahaya.

Inflation Rises At A Slower Rate Of 1.5 Pct In Feb 2025 – DoSM

KUALA LUMPUR, March 21 (Bernama) -- Malaysia's inflation rose at a slower pace of 1.5 per cent in February 2025, with the index standing at 134.1 points compared with 132.1 in the same month a year earlier, the Statistics Department (DoSM) said.

RAM Ratings Maintains Stable Outlook On Malaysian Banking Sector For 2025

KUALA LUMPUR, March 21 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) has maintained a stable outlook on the Malaysian banking sector in 2025 despite external pressure.

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.

Climate Finance Report Calls For Investment Migration To Fund Resilience

KUALA LUMPUR, March 19 (Bernama) -- Henley & Partners and the Climate Vulnerable Forum (CVF) released a groundbreaking climate finance report that highlights failures in funding urgent climate action and explores how investment migration can unlock vital resources for nations most affected by climate change.

Canada Ramping Up Efforts To Expand Trade And Investment, Including With Malaysia -- Envoy

KUALA LUMPUR, March 19 (Bernama) -- Canada is intensifying its efforts to broaden its trade and investment footprint, including strengthening ties with Malaysia and seeking to penetrate new markets, said High Commissioner of Canada to Malaysia Jodi Robinson.