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Hong Kong’s New Regulatory Framework To Improve Enterprise Risk Management Practices - AM Best

KUALA LUMPUR, Sept 25 (Bernama) -- Hong Kong’s new risk-based capital regulatory framework is expected to strengthen enterprise risk management (ERM) practices among the (re)insurers doing business there, according to a new AM Best report.

AAX Issues Circular On Proposed RM6.8 Bln Acquisition For Shareholders' Review

KUALA LUMPUR, Sept 25 (Bernama) -- AirAsia X Bhd (AAX) has released a detailed circular on the RM6.8 billion acquisition of Capital A Bhd's entire equity stake in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for its shareholders’ review ahead of its Extraordinary General Meeting on Oct 16.

ADB Raises 2024 Economic Growth Forecast For Developing Asia, The Pacific

JAKARTA, Sept 25 (Bernama) -- The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia and the Pacific to 5.0 per cent this year, up from the previous estimate of 4.9 per cent in April.

ADB Raises 2024 Economic Growth Forecast For Developing Asia, The Pacific

JAKARTA, Sept 25 (Bernama) -- The Asian Development Bank (ADB) has revised its economic growth forecast for developing Asia and the Pacific to 5.0 per cent this year, up from the previous estimate of 4.9 per cent in April.

Bursa Malaysia Opens Higher On Strong Global Sentiment 

KUALA LUMPUR, Sept 25 (Bernama) -- Bursa Malaysia extended its positive momentum this morning, buoyed by favourable global market sentiment, according to an analyst.

Ringgit Extends Gains Against Greenback On US Economic Concerns

KUALA LUMPUR, Sept 25 (Bernama) -- The ringgit maintained its upward momentum against the US dollar at today’s opening, breaking through the RM4.14 level for the first time since November 2021, an economist said.

Penang Records RM411.8 Mln Approved Manufacturing Investments From China

GEORGE TOWN, Sept 24 (Bernama) -- Penang recorded approved manufacturing investments totalling RM411.8 million from China in the first half of this year, said Chief Minister Chow Kon Yeow.

CPO Futures Ends Higher For Fifth Consecutive Day, Weighed Down By Strong Ringgit

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Sept 23 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended their upward trend to close higher for the fifth consecutive day although the gains were smaller, nearly half of yesterday’s on the most active December contract.

Malaysia And Indonesia Discuss Cooperation In MSME And Cooperative Development

PUTRAJAYA, Sept 24 (Bernama) -- Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick held discussions with his Indonesian counterpart, Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki, on bilateral cooperation in cooperative development and micro, small, and medium enterprises (MSMEs).

Ringgit Jumps To 34-month High Vs US Dollar After China Unveils Stimulus Measures

By Siti Noor Afera Abu

KUALA LUMPUR, Sept 24 (Bernama) -- The ringgit jumped against the US dollar at the close on Tuesday, reaching its highest level in 34 months after China unveiled a stimulus package aimed at revitalising its economy.

Budget 2025 To Maintain Balanced Approach For Economic Development -- RHB IB

KUALA LUMPUR, Sept 24 (Bernama) -- Budget 2025, to be tabled in the Dewan Rakyat on Oct 18, is expected to strike a balanced approach, combining fiscal sustainability with initiatives to drive economic development, said RHB Investment Bank (IB) Bhd.

MAPIM Calls For Cross-political Support To Revitalise, Propel Economy

KUALA LUMPUR, Sept 24 (Bernama) -- The Malaysian Consultative Council of Islamic Organisations (MAPIM) has called on all parties, regardless of political ideology, to support the MADANI Government’s efforts to revitalise and strengthen the national economy in the current situation where the ringgit continues to strengthen.