AmInvest Declares RM96.9 Mln Income Distribution For 23 Funds

KUALA LUMPUR, Sept 20 (Bernama) -- AmInvest has declared a total net income distribution of RM96.9 million for 23 unit trust funds and wholesale funds from April 2024 to June 2024.

Ringgit Retreats Against US Dollar In Early Trade

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 20 (Bernama) -- The ringgit was lower against the US dollar in early trade on Friday as falling oil prices weighed on sentiment and as traders took profit after recent gains, analysts said.

Gold Futures Close Higher After Fed's Bumper Rate Cut

KUALA LUMPUR, Sept 19 (Bernama) -- The gold futures contract on Bursa Malaysia Derivative ended higher following the expected interest rates cut by the United States Federal Reserve (Fed), analysts said. 

AM Best Maintains Stable Outlook On China's Non-life Insurance Segment

KUALA LUMPUR, Sept 19 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on China’s non-life insurance segment, citing several factors that include a supportive regulatory environment, increased health insurance awareness and strong growth potential in the electric vehicle (EV) insurance market.

BNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global Conditions

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Sept 19 (Bernama) -- Bank Negara Malaysia (BNM) is unlikely to move in direct lockstep with the US Federal Reserve’s (Fed) aggressive move which slashed interest rates by a half-point during its Federal Open Market Committee (FOMC) meeting yesterday.

Gentrification Of Islamic Finance - More Than Just Shariah Compliance 

LONDON, Sept 18 (Bernama) -- Modern-day Islamic finance began to gain a foothold in Malaysia in 1963 with the establishment of the Hajj Pilgrims Savings Corporation (now known as Lembaga Tabung Haji), which is central to the transformation of a Shariah-based financial system in Malaysia.

HLIB : Malaysia In Strong Position Amid US Election Uncertainty

KUALA LUMPUR, Sept 18 (Bernama) -- Hong Leong Investment Bank (HLIB) Bhd believes that Malaysia’s neutral geopolitical stance places it in a stronger position to manage potential external policy shifts that may arise in the United States (US) after its Nov 5 elections.

FBM KLCI Rises 0.17 Pct In Early Trade

KUALA LUMPUR, Sept 17 (Bernama) -- Bursa Malaysia traded slightly higher in early action, tracking mixed overnight performance on Wall Street ahead of the US Federal Reserve's interest rate decision tomorrow.

Foreign Investors Netted RM217.6 Mln In Equities Last Week – MIDF

KUALA LUMPUR, Sept 17 (Bernama) -- Foreign investors continued to reposition their funds ahead of the US Federal Reserve’s anticipated easing this week, net buying RM217.6 million during 9-13 September, marking the fifth consecutive week of net purchases.