Ascend Airways Malaysia Advances AOC Process, Eyes November 2025 Cargo Launch

Strengthen Corporate Remittance Procedures In Line With AMLATFPUAA - Expert

By Sevagamy Nythiananthan

KUALA LUMPUR, 31 May (Bernama) -- Malaysian financial institutions should strengthen their due diligence procedures for corporate remittances in line with existing regulations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.

Peak Reinsurance North America Assigned Credit Ratings By AM Best

KUALA LUMPUR, May 28 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” to Bermuda’s Peak Reinsurance North America Ltd (Peak Re NA), with a stable outlook for both credit ratings (ratings).

Bursa Malaysia Rejects Barakah's Application For Extension To Submit Regularisation Plan

KUALA LUMPUR, May 22 (Bernama) -- Bursa Malaysia had rejected Barakah Offshore Petroleum Bhd's application for a further extension of time to submit its regularisation plan.

Affin-AMMB Merger Will Be Dilutive Due To Significant New Shares Issuance - CIMB Securities

KUALA LUMPUR, May 21 (Bernama) -- CIMB Securities Sdn Bhd expects the potential merger between Affin Bank Bhd and AMMB Holdings Bhd to entail significant issuance of new shares, which will likely be quite dilutive.

Sarawak Cable, Annum Face Delisting After Bursa Securities Rejects Extension Appeal

KUALA LUMPUR, May 20 (Bernama) -- Bursa Malaysia Securities Bhd (Bursa Securities) announced that Sarawak Cable Bhd and Annum Bhd are facing delisting from the stock exchange after their respective applications for a further extension of time to submit their regularisation plans were rejected.

Petronas Chemicals Reports 1Q 2025 Net Loss Of RM18 Mln Despite Higher Revenue

KUALA LUMPUR, May 20 (Bernama) -- Petronas Chemicals Group Bhd (PCG) reported a net loss of RM18 million in the first quarter ended March 31, 2025 (1Q 2025) due to unrealised foreign exchange losses, unfavourable net foreign exchange impact from the specialities segment, among others, despite recording a higher revenue of RM7.66 billion.

Abang Johari Calls For Sarawak Energy Restructuring To Support Expansion Plans

KUCHING, May 17 (Bernama) -- Sarawak Premier Tan Sri Abang Johari Tun Openg has called for the restructuring of the state-owned power generation and supply company, Sarawak Energy Bhd (SEB) to support the state's expansion in energy production and supply.

Asuransi Tokio Marine Indonesia’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, May 16 (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) of PT Asuransi Tokio Marine Indonesia (TMI).

Keyfield Signs MoU With Indonesian Party To Explore Marine Services Collaboration

KUALA LUMPUR, May 14 (Bernama) -- Keyfield International Bhd's wholly owned subsidiary, Keyfield Offshore Sdn Bhd, has entered into a memorandum of understanding (MoU) with PT Elnusa Trans Samudera (ETSA) to explore and pursue marine services opportunities, primarily in the oil and gas sector and related industries across Indonesia.

Ewon Wants Sabah Entrepreneurs To Benefit From MSME Hub

PENAMPANG, May 3 (Bernama) -- Minister of Entrepreneur and Cooperatives Development Datuk Ewon Benedick wants Sabah entrepreneurs to take full advantage of the Micro, Small and Medium Enterprise (MSME) Hub here to access the latest information on entrepreneurship so that they are always aware of opportunities to further expand their business potential.

SIRIM Accelerates Malaysia's Cosmetics Innovation With Market-ready Research Breakthrough

SHAH ALAM, April 30 (Bernama) -- SIRIM Bhd has unveiled five cosmetic innovations ready for market adoption, each with complete intellectual property (IP) protection, for interested industry players.