Analyst Sees TNB As Safe Haven Amid Market Volatility, Maintains 'Hold' Call

KUALA LUMPUR, March 17 (Bernama) -- An analyst has viewed Tenaga Nasional Bhd (TNB) as a relative safe haven given its earnings resilience and undemanding valuation, amid the prevailing market volatility.

AM Best Affirms KBFG China Credit Ratings As Excellent

KUALA LUMPUR, March 14 (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 KBFG Insurance (China) Co Ltd (KBFG China), with a stable outlook.

More Than 26,000 Companies Use E-Invoice System, 207.4 Million E-Invoices Issued So Far -- Lim

KUALA LUMPUR, March 12 (Bernama) --  A total of 26,665 companies have used the e-invoice system since it was implemented in August 2024, with 207.4 million e-invoices issued as of March 10, said Deputy Finance Minister Lim Hui Ying.

AirAsia Relocates Domestic Services From Subang Airport To KLIA2 Effective April 7

KUALA LUMPUR, March 6 -- AirAsia will relocate its domestic services from Sultan Abdul Aziz Shah Airport, better known as Subang Airport, to Kuala Lumpur International Airport Terminal 2 (KLIA2), effective April 7, 2025. 

Hap Seng Consolidated Net Profit Falls 19 Pct To RM650.48 Mln In FY2024

KUALA LUMPUR, Feb 28 (Bernama) -- Hap Seng Consolidated Bhd’s net profit fell 19 per cent to RM650.48 million in the financial year ended Dec 31, 2024 (FY2024), compared with RM800.32 million in FY2023, due to a gain from the disposal of subsidiaries in the preceding year.

Bursa Malaysia Closes Lower On Risk-off Sentiment

By Karina Imran

KUALA LUMPUR, Feb 27 (Bernama) -- Bursa Malaysia retreated from yesterday's gains to close lower on Thursday as investors adopted a risk-off stance amid growing external uncertainties, said an analyst. 

Tomei's Net Profit For FY2024 Higher At RM59.5 Mln As More People View Gold As Secure Investment Asset

KUALA LUMPUR, Feb 26 (Bernama) -- Integrated gold jewellery manufacturer and retailer Tomei Consolidated Bhd registered a higher net profit of RM59.50 million for the financial year 2024 (FY2024) versus RM46.43 million in the previous year, primarily driven by higher retail gold prices, which contributed to improved margins.

Nestle Malaysia's Net Profit Falls To RM415.62 Mln In FY2024

KUALA LUMPUR, Feb 25 (Bernama) -- Nestle (Malaysia) Bhd’s net profit slipped to RM415.62 million in the financial year ended Dec 31, 2024 (FY2024) against RM659.87 million in FY2023.

Govt Tables Supplementary Supply (2024) Bill 2025 For First Reading

KUALA LUMPUR, Feb 25 (Bernama) -- The Supplementary Supply (2024) Bill 2025 was tabled for its first reading in the Dewan Rakyat today.

The Dai-ichi Life Insurance Company Scores Superior Credit Ratings - AM Best

KUALA LUMPUR, Feb 18 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Japan’s The Dai-ichi Life Insurance Company Limited (DL), the wholly owned operating subsidiary of Dai-ichi Life Holdings Inc (DLH).

BNM, BI And BOT Adopt Harmonised Local Currency Transaction Framework Guidelines

KUALA LUMPUR, Feb 17 (Bernama) -- Bank Negara Malaysia (BNM), Bank Indonesia (BI) and the Bank of Thailand (BOT) today announced the adoption of a harmonised Local Currency Transaction Framework Operational Guidelines (LCTF OG) and the expansion of eligible cross-border transactions under the framework.

Dialog's Intraday Short Selling Suspended After 15 Pct Share Price Drop

KUALA LUMPUR, Feb 14 (Bernama) -- The intraday short selling (IDSS) of Dialog Group Bhd was suspended Friday after its quarterly loss dragged shares down to over 15 per cent.