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Utility, Plantation Stocks Lead Bursa To Close At Intraday High

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Dec 3 (Bernama) -- Bursa Malaysia closed at its intraday high on Tuesday, driven by bargain hunting in selected heavyweight counters, led by utility and plantation stocks.

Bank Rakyat Offers Flood Victims 6-month Moratorium

KUALA LUMPUR, Dec 3 (Bernama) -- Bank Rakyat has offered a flood assistance facility that includes a moratorium of up to six months to individual and business customers affected by the floods.

Govt To Simplify Cross-border Approvals To Enable Efficient Fund Flows -- Amir Hamzah

KUALA LUMPUR, Dec 3 (Bernama)  – The government will simplify financial cross-border approvals under the Foreign Exchange Policy, enabling funds to flow efficiently based on their mandate size to ensure Malaysia remains competitive in attracting foreign venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Syarikat Takaful Malaysia Keluarga Posts Higher 3Q Net Profit Of RM100.65 Mln

KUALA LUMPUR, Nov 29 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd has posted a higher net profit of RM100.65 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared to RM91.10 million in the same period last year.

Malaysia Positioned As Strategic Gateway For ASEAN-China Co-operation - Ahmad Zahid

KUALA LUMPUR, Dec 2 (Bernama) -- Malaysia plays a crucial role in connecting the ASEAN region to global markets as a strategic hub in Southeast Asia, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

OFS-SIDREC Merger Is In Final Process Of Completion

KUALA LUMPUR, Dec 2 (Bernama) -- The Ombudsman for Financial Services (OFS) and Securities Industry Dispute Resolution Centre (SIDREC) are in the final process of merger completion towards the full operation of the Financial Markets Ombudsman Service (FMOS) by 2025, according to Deputy Finance Minister Lim Hui Ying.

GLICs Continue To Improve Investment Evaluation Process And Monitoring - Amir Hamzah

KUALA LUMPUR, Dec 2 (Bernama) -- Government-linked investment companies (GLICs) including Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) will continue to monitor and improve governance in investment evaluation processes, said Finance Minister II Datuk Seri Amir Hamzah Azizan today. 

EMGA Secures US$30 Mln Debt Financing For Uzbekistan’s Ipak Yuli Bank

KUALA LUMPUR, Dec 2 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for Ipak Yuli Bank in Uzbekistan, securing US$30 million from the OPEC Fund for International Development (OPEC Fund). (US$1=RM4.44)

Malaysia Leverages Foreign Relations To Boost Economy, Investment - Anwar

PUTRAJAYA, Dec 2 (Bernama) -- Malaysia leverages its foreign relations to enhance the economy, investment and the quality of education, said Prime Minister Datuk Seri Anwar Ibrahim.

Bursa Malaysia Boosted By RM207.7 Mln From Local Institutions Last Week

KUALA LUMPUR, Dec 2 (Bernama) -- Local institutions were net buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.

Brazil, Malaysia To Set Up Joint Development On IC Design In 2025

By Rohani Mohd Ibrahim

KUALA LUMPUR, Dec 1 (Bernama) -- Brazil and Malaysia’s collaboration in the semiconductor industry will involve the development of joint initiatives in integrated circuit (IC) design next year, according to sources from the Brazilian Embassy in Malaysia.

Wenzhou Conference On Maritime Silk Road Highlights Cooperation, Innovation

KUALA LUMPUR, Nov 29 (Bernama) -- As 2024 draws to a close, the Maritime Silk Road marks another significant milestone with the 2024 Mayors Exchange Conference on Maritime Silk Road City Influence, taking place in the historic port city of Wenzhou in east China's Zhejiang Province for three days until Dec 1.