BNM Boosts Transparency, Requires Banks To Issue Written Notices To Accounts Closed Under AMLA -- MOF

KUALA LUMPUR, Oct 22 (Bernama) -- Bank Negara Malaysia (BNM) has strengthened transparency in the handling of appeals of closed bank accounts by requiring financial institutions to issue written notices to affected account holders, said the Finance Ministry.

Ringgit Closes Higher As US Banking Worries Weigh On Greenback

By Anas Abu Hassan

KUALA LUMPUR, Oct 17 (Bernama) -- The ringgit ended the week marginally higher against the American dollar on Friday as worries over US banks weighed on the greenback amid US-China trade tensions.

Bursa Malaysia Ends Lower On Regional & Wall Street Weakness

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 17 (Bernama) -- Bursa Malaysia’s key index closed lower, weighed down by regional weakness, tracking the negative cue from Wall Street overnight amid tariff worries and renewed fears over US banks.

Bursa Opens Higher Despite Cautious Market Sentiment

By Abdul Hamid A Rahman

KUALA LUMPUR, Oct 17 (Bernama) -- Bursa Malaysia opened higher on Friday, supported by buying in selected heavyweights despite cautious sentiment following Wall Street’s weaker overnight performance.

Mongolian Mining Corporation Posts Strong Q3 Coal Sales, Begins Gold Production

KUALA LUMPUR, Oct 16 (Bernama) -- Mongolian Mining Corporation, the largest internationally listed private mining company in Mongolia, has announced its unaudited operational update for the quarter ended Sept 30, 2025 (Q3).

Govt Received RM20.71 Bln In Settlement Over 1MDB From Three Banks To Date - MOF

KUALA LUMPUR, Oct 15 (Bernama) -- The government and 1Malaysia Development Bhd (1MDB) have reached settlements with three financial institutions, namely, Goldman Sachs amounting to US$3.9 billion (RM16.48 billion), AmBank Group amounting to RM2.83 billion, and JP Morgan (Switzerland) Ltd amounting to RM1.4 billion to date.

Takaful Industry Unites To Expand iTEKAD Protection Under Budget 2025

KUALA LUMPUR, Oct 14 (Bernama) -- Malaysia’s Takaful industry has united to provide iTEKAD protection to vulnerable communities, marking a significant milestone in the nation’s social finance journey and reinforcing its leadership in Islamic finance.

Bank Negara Malaysia To Adopt MYOR-i As Mandatory Islamic Benchmark Rate From July 2027

KUALA LUMPUR, Oct 13 (Bernama) -- Bank Negara Malaysia (BNM) will adopt the Malaysian Islamic Overnight Rate (MYOR-i) as the mandatory reference rate for all Islamic financial products beginning July 1, 2027, marking a major structural reform in the country’s Islamic finance landscape.

SJPP Unlocks Nearly RM100 Bln In SME Financing Through 80 Pct Risk Guarantees

KUALA LUMPUR, Oct 13 (Bernama) -- Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has unlocked nearly RM100 billion in financing for small and medium enterprises (SMEs) by guaranteeing up to 80 per cent of the risks that banks are unwilling to bear.

DPM Fadillah To Chair 43rd ASEAN Energy Ministers’ Meeting On Oct 16-17

KUALA LUMPUR, Oct 13 (Bernama) -- Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the  Minister of Energy Transition and Water Transformation (PETRA), will chair the 43rd ASEAN Ministers on Energy Meeting (AMEM) and its related meetings, scheduled for Oct 16-17, 2025.

Budget 2026 Balances Growth And Welfare Aspirations With Fiscal Discipline -- Maybank

KUALA LUMPUR, Oct 12 (Bernama) -- Budget 2026 strikes a balance between delivering investment stimulus, supporting the growth of new economic sectors and providing social relief, while maintaining fiscal discipline to stay on track with the Fiscal Responsibility Act’s medium-term target of a 3.0 per cent budget deficit to gross domestic product.

Banks Welcome Facilities To Help Small Enterprises Scale Up, Strengthen Resilience

KUALA LUMPUR, Oct 10 (Bernama) -- The announcement on financing guarantees, entrepreneurship incentives and digitalisation programmes for small enterprises in Budget 2026 will enable them to scale and strengthen resilience, said banks.