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AM Best: Hong Kong Fire To Hit Reinsurers, Pressure Property Treaty Terms

KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.

Zafrul’s Industrial Master Plan A Sweeping Vision For Local Companies To Be Global Contenders

By Nurul Jannah Kamaruddin & Nur Aiman Najwa Dzamae

KUALA LUMPUR, Dec 2 (Bernama) -- Tengku Datuk Seri Zafrul Abdul Aziz ends his term as Investment, Trade and Industry Minister today, leaving behind a sweeping vision for Malaysia's future, where companies from small and medium enterprises (SMEs) to major players can rise to become global contenders.

IATA: Asia Pacific Demand Remains Robust, Malaysia Set For Sustained Growth

By Kisho Kumari Sucedaram

KUALA LUMPUR, Dec 2 (Bernama) -- Asia Pacific remains the world’s fastest-growing aviation region, with demand continuing to outpace capacity amid supply chain pressures, said the International Air Transport Association (IATA).

Dewan Rakyat Passes Two Tax-Related Bills

KUALA LUMPUR, Dec 1 (Bernama) -- The Dewan Rakyat today passed the Finance Bill 2025, which details amendments to five tax acts, namely the Income Tax Act 1967, Real Property Gains Tax Act 1976, Stamp Act 1949, Labuan Business Activity Tax Act 1990, and the Petroleum (Income Tax) Act 1967.   

Ringgit Ends Flat Against US Dollar Ahead Of FOMC Meeting Next Week

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 1 (Bernama) – The ringgit ended flat against the US dollar today as traders adopted a wait-and-see approach ahead of the United States (US) Federal Open Market Committee (FOMC) meeting next week.

Perodua Launches First EV Involving Development Cost Of RM800 Mln, Local Expertise

KUALA LUMPUR, Dec 1 Bernama) -- Perusahaan Otomobil Kedua Sdn Bhd (Perodua) today launched its first battery electric vehicle (EV), the QV-E, priced at RM80,000 (without insurance and excluding the battery), as part of its effort to develop a sustainable EV ecosystem.

Red Tape Reform Delivers Major Benefits To Public, Business Community - Academic

KUALA LUMPUR, Nov 29 (Bernama) -- The people and the business community have become the biggest beneficiaries of the Bureaucratic Red Tape Reform (RKB), as various government processes can now be completed more quickly, compliance costs have been reduced, and service transparency has improved.

Government Scales Up Support For MSMEs Via Strategic GLC Partnerships, Initiatives - Amir Hamzah 

KUALA LUMPUR, Nov 27 (Bernama) -- The government, under the 13th Malaysia Plan (13MP), is prioritising efforts to help micro, small and medium enterprises (MSMEs) move up the value chain through strategic partnerships with government-linked companies (GLCs).

MBSB 3Q Net Profit Eases To RM95.64 Mln 

KUALA LUMPUR, Nov 26 (Bernama) -- MBSB Bhd posted a lower net profit of RM95.64 million in the third quarter of the financial year ended Sept 30, 2025 (3Q FY2025), compared to RM122.08 million a year earlier.

Government Attracts Over RM70.7 Bln In Investments Through NSS As Of June 2025 — Lim

GEORGE TOWN, Nov 26 (Bernama) -- The government has successfully attracted more than RM70.7 billion in investments under the National Semiconductor Strategy (NSS) since its launch last year until June 2025.

Takaful Malaysia 3Q Net Profit Rises To RM115.42 Mln On Lower Claims

KUALA LUMPUR, Nov 25 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) posted a higher net profit of RM115.42 million for the third quarter ended Sept 30, 2025 (3Q 2025), up from RM100.65 million a year ago, mainly due to lower claims incurred.

Malaysia Leads Region As Fastest-Growing Digital Economy, Set To Hit US$39 Bln GMV In 2025

KUALA LUMPUR, Nov 25 (Bernama) -- Malaysia is now the fastest-growing digital economy in Southeast Asia (SEA), with an increase of 19 per cent year-on-year (y-o-y), and on track to reach gross merchandise value (GMV) of US$39 billion (US$1=RM4.13) this year.