PNB To Launch Zakat al-Mustaghallat Via Khultah Method In Mid-2026, Eyes RM60 Mln In Collection

KUALA LUMPUR, Nov 25 (Bernama) -- Permodalan Nasional Bhd (PNB) will launch zakat assessment for Fixed Price Funds managed by Amanah Saham Nasional Bhd (ASNB) through the al-Mustaghallat zakat method via Khultah (collective) in mid-2026.  

Yinson On The Lookout For More Opportunities In Africa

From Saraswathi Muniappan

NAIROBI, Nov 24 (Bernama) — Yinson Holdings Bhd is looking for more business opportunities in Africa, after having operated in the region for more than three decades, said its chief executive officer Lim Chern Yuan.

AM Best Affirms NongHyup P&C Ratings; Outlook Stable

KUALA LUMPUR, Nov 24 (Bernama) -- AM Best has affirmed South Korea’s NongHyup Property and Casualty Insurance Company Limited (NH P&C) financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent), with a stable outlook.

Premier Abang Johari Unveils RM12.9 Bln Sarawak Budget For 2026

KUCHING, Nov 24 (Bernama) -- Sarawak Premier Tan Sri Abang Johari Tun Openg today unveiled a RM12.9 billion Budget for 2026, comprising RM7.3 billion for development expenditure and RM5.6 billion for operating expenditure.

AM Best Affirms Excellent Ratings For Meritz Fire & Marine Insurance

KUALA LUMPUR, Nov 24 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) for South Korea’s Meritz Fire & Marine Insurance Co Ltd (Meritz), with a stable outlook.

Labuan Crude Oil Terminal Marks 50 Years As Malaysia’s Energy Gateway -- Hibiscus Petroleum Chairman

LABUAN, Nov 22 (Bernama) -- The Labuan Crude Oil Terminal (LCOT), one of Malaysia’s earliest and most enduring oil and gas installations, continues to stand as a symbol of national resilience and operational excellence as it celebrates its 50th anniversary, said Hibiscus Petroleum Bhd chairman Zainul Rahim.

Bursa Malaysia Likely To Trade Range-bound With Downside Bias Next Week - Analyst

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 22 (Bernama) -- Bursa Malaysia is expected to trade within a narrow range with a downside bias next week amid heightened volatility in global markets, said an analyst.

Gold Futures Likely To Trade Lower Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 22 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives are expected to trade lower next week, with traders eyeing a consolidation within the US$4,015 to US$4,075 per troy ounce range.

Mah Sing To Buy 1.129-Hectare Land In Setapak For RM44.50 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Mah Sing Group Bhd’s wholly owned subsidiary, Maxim Heights Sdn Bhd, plans to acquire a 1.129-hectare plot of leasehold land in Setapak for RM44.50 million from The Rampai Development Sdn Bhd.

BNM’s International Reserves At US$124.1 Bln As At Nov 14

KUALA LUMPUR, Nov 21 (Bernama) -- The international reserves of Bank Negara Malaysia (BNM) amounted to US$124.1 billion as at Nov 14, 2025, compared to US$123.8 billion as at Oct 31, 2025.

Gold Futures End Lower As Fed Rate Cut Odds Down

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Nov 20 (Bernama) -- Gold futures on Bursa Malaysia Derivatives ended lower today following the release of limited US economic data, with the upside shock immediately pushing December Federal Reserve (Fed) rate-cut odds down from around 50 per cent to roughly 30 per cent.

Sime Darby Property On Track To Achieve Sales Target Of RM3.6 Bln, GDV Of RM4 Bln In FY2025

KUALA LUMPUR, Nov 20 (Bernama) -- Sime Darby Property Bhd is on track to achieve sales target of RM3.6 billion and gross development value (GDV) launches worth RM4 billion for the financial year 2025 (FY2025).