US Tariff Hikes Have Limited Global GDP Impact Outside APAC, Says S&P Global Ratings

KUALA LUMPUR, May 2 (Bernama) -- Global economic growth remains resilient despite the recent United States (US) tariff hike, with limited gross domestic product (GDP) impact outside the Asia-Pacific (APAC) region, S&P Global Ratings said.

BNM: Malaysia’s Official Reserves Assets At US$117.49 Bln As Of End-March 2025

KUALA LUMPUR, April 30 (Bernama) -- Malaysia’s official reserve assets amounted to US$117.49 billion (US$1= RM4.31) as of end-March, 2025, while other foreign currency assets stood at US$4.3 million, according to Bank Negara Malaysia (BNM).

Ringgit Opens Nearly Flat Against US Dollar

KUALA LUMPUR, April 28 (Bernama) -- The ringgit opened little changed against the greenback on Monday, as the US Dollar Index (DXY) ended a four-week losing streak after recent weakness below the 100-point mark.

Neutral Stance On Banking Sector Even As Earnings Moderate -- AmInvestment Bank

KUALA LUMPUR, April 24 (Bernama) -- AmInvestment Bank Bhd has maintained a neutral view on the banking sector, expecting earnings to moderate due to lower net interest margin (NIM), investment and trading challenges, and potential credit cost increases.

Gold Closes Higher Amid Rising Concerns Over Global Economy

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, April 22 (Bernama) --  The gold futures contract on Bursa Malaysia Derivatives closed higher for the second consecutive day on Tuesday, tracking gains on COMEX, as investors continued to flock to the precious metal amid growing concerns about the global economy.

Bursa Malaysia Ends Lower Amid US Tensions, Cautious Market

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, April 22 (Bernama) -- Bursa Malaysia ended lower on selling activities in the financial services and industrial products and services sectors’ heavyweights, amid tensions between US President Donald Trump and Federal Reserve chair Jerome Powell.

Paradigm REIT Signs Underwriting Deal For Main Market Listing

KUALA LUMPUR, April 22 (Bernama) -- Paradigm Real Estate Investment Trust (Paradigm REIT), a local real estate investment trust, has signed an underwriting agreement with three investment banks ahead of its proposed listing on the Main Market of Bursa Malaysia.

Malaysian Banks To Stay Appealing Amid Trade Tensions - HLIB

KUALA LUMPUR, April 21 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) said Malaysian banks are expected to be among the more attractive sectors for investors seeking refuge from United States President Donald Trump’s trade war.

Putra Heights Incident: Comprehensive Home Insurance Matters In Unforeseen Disasters

KUALA LUMPUR, April 20 (Bernama) -- The gas explosion incident at Putra Heights, which destroyed scores of homes, serves as a stark reminder for homeowners to seriously consider insuring their houses as well as the contents inside their homes to mitigate losses from such unforeseen calamities.

APAC Banking Sector Remains Mostly Resilient Amid US Tariff Risks - Fitch Ratings

KUALA LUMPUR, April 17 (Bernama) --  Fitch Ratings is maintaining its mostly neutral outlook for the banking sector across several Asia Pacific (APAC) economies, including Malaysia, noting that they are more resilient to a higher United States (US) tariff regime.

Hibiscus Petroleum Signs RM439 Mln Islamic Financing Deal With Brunei Banks

KUALA LUMPUR, April 17 (Bernama) -- Hibiscus Petroleum Bhd, through its wholly owned subsidiary Simpor Hibiscus Sdn Bhd, has signed a long-term US$100 million (RM439 million) Islamic syndicated financing agreement with Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank.

Strengthening US Ties, Hybrid Trade Vital For Malaysia’s Economy

KUALA LUMPUR, April 14 (Bernama) -- Malaysia should strengthen its diplomatic ties with key partners such as the United States (US), particularly in business, investment, and security, to ensure sustainable economic growth and maintain fair and balanced trade.