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World Bank Upgrades Malaysia's Growth Forecast To 4.9 Pct For 2024

By Anas Abu Hassan

KUALA LUMPUR, Oct 8 (Bernama) -- The World Bank Group has upgraded Malaysia's economic growth forecast to 4.9 per cent in 2024 from its initial 4.3 per cent forecast set in April, according to Apurva Sanghi, its lead economist for Malaysia.

Mytheresa To Acquire YNAP From Richemont

KUALA LUMPUR, Oct 7 (Bernama) -- MYT Netherlands Parent B.V. (Mytheresa) and Richemont announced they have entered into binding agreements for the acquisition of 100 per cent of the share capital of YOOX Net-a-Porter (YNAP) by Mytheresa.

Malaysia’s GBS Sector Should Focus On Digital Impact, Talent Development To Maintain Competitive Edge - Expert

PETALING JAYA, Oct 6 (Bernama) -- While Malaysia ranks among the top three global business services (GBS) hubs in the world, primarily driven by its cost advantage, the country must also place greater emphasis on the digital impact and talent development to maintain its competitive edge.

AM Best Gears Up For Indonesia Rendez-Vous Conference In Bali, Next Week

KUALA LUMPUR, Oct 4 (Bernama) -- Global credit rating agency, AM Best announced that it will sponsor, exhibit and lead a session at the 28th Indonesia Rendez-Vous Conference, taking place in Bali, Indonesia, from Oct 9 to 12.

Global Air Cargo Demand Grows 11.4 Pct In August 2024 - IATA

KUALA LUMPUR, Oct 3 (Bernama) -- Global air cargo markets demonstrated robust annual growth in demand for August 2024, with cargo tonne-kilometers (CTKs) rising by 11.4 per cent compared to August 2023, according to the International Air Transport Association (IATA).

Ringgit Weakens Against Greenback Amid Escalating Geopolitical Risks

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 3 (Bernama) -- The ringgit ended lower on Thursday against the US dollar as the greenback strengthened on the back of heightened uncertainties on the geopolitical front.

Duck Creek Payments Facilitator Provides Seamless End-to-end Insurance Payment Solution

KUALA LUMPUR, Oct 3 (Bernama) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, introduced its latest insurance-focused payments solution, the Duck Creek Payments Facilitator.

Bank Islam Launches Second Tranche Of Sukuk Wakalah Amounting To RM250 Mln

KUALA LUMPUR, Oct 2 (Bernama) -- Bank Islam Malaysia Bhd has launched its second tranche of additional Tier-1 capital sukuk wakalah from its RM5.0 billion Sukuk Wakalah Programme amounting to RM250 million Perpetual Non-Call five years.

IBAC Sees Bullish Outlook For Business Aviation In Asia Pacific, Malaysia In 2025

MANILA, Oct 2 (Bernama) — Asia Pacific business aviation has plenty of growth opportunities, including the Sultan Abdul Aziz Shah Airport in Malaysia, and the sector is set to have a bullish outlook next year, according to the International Business Aviation Council (IBAC).

KIP REIT Secures Approval For RM320 Mln Acquisition Of DPulze Shopping Centre

KUALA LUMPUR, Oct 2 (Bernama) -- KIP Real Estate Investment Trust (KIP REIT) has secured shareholders’ approval to acquire DPulze Shopping Centre in Cyberjaya for RM320 million.

BHSI Unveils Global, UK Casualty Promotions

KUALA LUMPUR, Oct 2 (Bernama) -- Berkshire Hathaway Specialty Insurance (BHSI) has named Caroline Alder-Smurthwaite to its Global Underwriting Office for Casualty & Healthcare and promoted Charlotte Behar to succeed Alder-Smurthwaite as Head of Casualty, United Kingdom (UK).

Oracle to Invest More Than US$6.5 Bln in AI and Cloud Computing In Malaysia

KUALA LUMPUR, Oct 2 (Bernama) -- Oracle today announced that it plans to invest more than US$6.5 billion (US$1 = RM4.15) to open a public cloud region in Malaysia to meet the rapidly growing demand for its artificial intelligence (AI) and cloud services here.