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KUALA LUMPUR, Feb 25 (Bernama) -- Affin Bank Bhd’s net profit increased 26.7 per cent to RM509.70 million for the financial year ended Dec 31, 2024 (FY2024) from RM402.19 million in the preceding year due to a higher income as well as higher write-back of credit impairment losses by RM229.6 million.
KUALA LUMPUR, Feb 25 (Bernama) -- The merger of the Malaysian Aviation Commission (MAVCOM) and the Civil Aviation Authority of Malaysia (CAAM) is progressing well, though no specific timeline has been set, Deputy Transport Minister Datuk Hasbi Habibollah said.
KUALA LUMPUR, Feb 25 (Bernama) -- Small and medium enterprises (SMEs) must embrace artificial intelligence (AI) and e-invoicing to remain competitive in Malaysia’s evolving digital economy, said Digital Minister Gobind Singh Deo.
KUALA LUMPUR, Feb 18 (Bernama) -- The International Islamic Liquidity Management Corp (IILM) has completed the reissuance and issuance of an aggregate of US$710 million (US$1=RM4.440) short-term sukuk, spread across two different tenors: one-month and three-month maturities.
KUCHING, Feb 18 (Bernama) -- Affin Bank Bhd will increase the number of its branches in Sarawak to 14 by July this year as part of its commitment to expanding its services and strengthening its presence in the state.
KUALA LUMPUR, Feb 14 (Bernama) -- Several key areas affecting the future of small and medium-sized enterprises (SMEs), especially in the use of artificial intelligence (AI) to empower business performances and e-invoicing compliance, will be discussed at the SME Association of Malaysia’s (SME Malaysia) one-day SME Business Talk here on Feb 25.
KUALA LUMPUR, Jan 24 (Bernama) -- TH Properties Sdn Bhd signed a memorandum of understanding (MoU) with Affin Bank Bhd to roll out financing solutions to bridge the homeownership gap for young graduates, homebuyers, and property investors.
KUALA LUMPUR, Jan 17 (Bernama) -- Affin Hwang Investment Bank Bhd has launched Malaysia’s first crude palm oil futures structured warrant on Bursa Malaysia.
KUALA LUMPUR, Jan 7 (Bernama) -- Avenacy, a specialty pharmaceutical company focused on supplying critical injectable medications, has provided an update on recent business highlights and financial performance for 2024 and outlined its strategic priorities for this year.
By Harizah Hanim Mohamed and Danni Haizal Danial Donald
KUALA LUMPUR, Dec 31 (Bernama) -- Malaysia's equity market delivered a commendable performance in 2024, earning a solid grade close to an “A”, with several key milestones achieved throughout the year, laying the foundation for the main index to reach 1,800 next year, with 50 new listings anticipated.
By Karina Imran
KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.
KUALA LUMPUR, Nov 22 (Bernama) -- Affin Bank Bhd posted a higher net profit of RM145.82 million in the third quarter ended Sept 30, 2024 (3Q FY2024) compared to the net profit of RM100.45 million in the same period last year.
