9m ago
KUALA LUMPUR, April 1 (Bernama) -- Maybank’s insurance and takaful arm, Etiqa, announced it would cover all eligible motor, personal accident, retail fire, homeowners and householders insurance customers affected by the Putra Heights Explosion incident.
9m ago
KUALA LUMPUR, March 25 (Bernama) -- Prudential Assurance Malaysia Bhd (PAMB) has reaffirmed its commitment to Bank Negara Malaysia’s (BNM) interim measures despite recent reports that it is increasing health insurance premiums.
9m ago
KUALA LUMPUR, March 24 (Bernama) -- More than 14,000 small and medium enterprises (SMEs), microenterprises, start-ups, and the low-income group grew in line with higher approval rates under development financial institutions (DFI) financing in 2024, said Bank Negara Malaysia (BNM) today.
9m ago
KUALA LUMPUR, March 24 (Bernama) – The Islamic banking and takaful industries continued to record positive growth in 2024, with the Islamic banking industry’s share of total financing in the financial system increasing to 46.6 per cent last year from 45.6 per cent in 2023.
9m ago
KUALA LUMPUR, March 24 (Bernama) -- Anti-money laundering and countering financial terrorism were among the most enforcement actions taken by Bank Negara Malaysia (BNM) in 2024, with total monetary penalties imposed on institutions amounting to RM18.9 million.
9m ago
KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.
9m ago
KUALA LUMPUR, March 24 (Bernama) -- Increasing the supply of affordable, mid-tier hospital beds and providing incentives for the expansion of not-for-profit hospitals can help mitigate spiralling medical insurance and medical costs.
10m ago
KUALA LUMPUR, March 20 (Bernama) -- Takaful Ikhlas General Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, recorded its highest surplus distribution of RM6.3 million for the financial year ended March 31, 2024.
10m ago
KUALA LUMPUR, March 20 (Bernama) -- Total committed funds under management in the Malaysian private equity (PE) and venture capital (VC) industry amounted to RM24.7 billion as at the end of 2024.
10m ago
KUALA LUMPUR, March 14 (Bernama) -- Bank Negara Malaysia (BNM) said the Finance Minister has approved Aznan Abdul Aziz’s appointment as deputy governor for a three-year term effective April 1, 2025.
10m ago
KUALA LUMPUR, March 11 (Bernama) -- Bank Negara Malaysia (BNM) and relevant stakeholders are working together to expedite the implementation of a long-term solution to effectively control medical cost inflation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
10m ago
KUALA LUMPUR, March 10 (Bernama) -- The application for digital insurers and Takaful operators (DITOs) licences remains open until Dec 31, 2026, and Bank Negara Malaysia (BNM) may announce successful applicants during or after this period.