Malaysia’s Islamic Finance Assets To Grow 36 Pct By 2028 -- Standard Chartered

KUALA LUMPUR, May 19 (Bernama) -- Malaysia's Islamic finance assets are projected to grow by 36 per cent by 2028, contributing to the global Islamic finance market, which is expected to reach US$7.5 trillion (US$1 = RM4.29) by then, said Standard Chartered Bank Malaysia Bhd.

Nippon Express Holdings Expands In Bangladesh With CCBL Investment

KUALA LUMPUR, May 19 (Bernama) -- Nippon Express Holdings Inc has acquired a 20 per cent stake in Cold Chain Bangladesh Limited (CCBL), a domestic logistics company based in Dhaka, through its subsidiary Nippon Express (South Asia & Oceania) Pte Ltd.

Falcon Unveils Bombardier Challenger As Top Private Jet Choice In Fleet

KUALA LUMPUR, May 19 (Bernama) -- Falcon, part of Alex Group Investment, has announced the Bombardier Challenger as the most requested aircraft in its private jet charter fleet for clients seeking a spacious and luxurious flying experience.

AM Best Affirms Excellent Ratings For China’s Ping An P&C

KUALA LUMPUR, May 19 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.

Maybank To Support JS-SEZ And Facilitate Up To RM2.35 Bln In Client Investments

KUALA LUMPUR, May 19 (Bernama) -- Malayan Banking Bhd (Maybank) has signed a letter of intent (LOI) with the Ministry of Economy to support the Johor-Singapore Special Economic Zone (JS-SEZ) and facilitate up to RM2.35 billion in client investments over the next three to 10 years.

Melaka Unemployment Rate Down To 1.8 Pct In Q4 2024 - Ab Rauf

MELAKA, May 18 (Bernama) -- The unemployment rate in Melaka for the fourth quarter (Q4) of last year dropped to 1.8 per cent, down from 2.6 per cent in 2023, Chief Minister Datuk Seri Ab Rauf Yusoh said.

Bursa Malaysia Likely To See Volatile Trading Amid Positive Outlook Next Week

By Anas Abu Hassan

KUALA LUMPUR, May 17 (Bernama) -- Bursa Malaysia is expected to see some volatile trading next week, albeit market optimism is supported by improving global sentiment, a dealer said.

Gold Futures Climb On Demand For Safe-haven Assets

KUALA LUMPUR, May 16 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives closed higher today as investors turned to safe-haven assets despite losses on the US COMEX, an analyst said.

Hextar's Associate Company Wins RM427.50 Mln Contract

KUALA LUMPUR, May 16 (Bernama) -- Hextar Capital Bhd’s (HCB) associate company Transgrid Ventures Sdn Bhd (TGV) has won a RM427.50 million Tenaga Nasional Bhd (TNB) contract to establish a transmission main intake (PMU) 500/275 kilovolt (kV) gas-insulated substation (GIS) in Gurun East, Kedah.

Pekat Group Subsidiary Bags RM135.24 Mln Contract From TNB

KUALA LUMPUR, May 16 (Bernama) -- Pekat Group Bhd’s indirect 60 per cent-owned subsidiary, EPE Switchgear (M) Sdn Bhd, has received a letter of award from Tenaga Nasional Bhd for the supply, installation, testing, and commissioning of distribution networks with a contract value at RM135.24 million.

Main Market-bound Paradigm REIT Aims To Raise RM560 Mln From IPO

PETALING JAYA, May 16 (Bernama) -- Main Market-bound Paradigm Real Estate Investment Trust (Paradigm REIT) aims to raise RM560 million from its initial public offering (IPO).

Malaysia Posts RM16.7 Bln Surplus In Current Account Balance In 1Q 2025  -- DOSM

KUALA LUMPUR, May 16 (Bernama) -- Malaysia’s current account balance (CAB) recorded a RM16.7 billion surplus in the first quarter of 2025 (1Q 2025), equivalent to 3.4 per cent of the gross domestic product (GDP), supported by net exports of goods and a smaller deficit in the secondary income account, said Statistics Department Malaysia (DOSM).