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.

BNM Imposes Penalties On Four Financial Institutions For Regulatory Breaches

KUALA LUMPUR, May 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed an administrative monetary penalty on four banks, namely Bank Pembangunan Malaysia Bhd (BPMB), HSBC Bank Malaysia Bhd, HSBC Amanah Malaysia Bhd and Maybank Islamic Bhd for various breaches of financial regulations.

UDA Offers 422 Property Units To Strengthen Southern Market Presence

KUALA LUMPUR, May 24 (Bernama) -- Leading property developer and asset manager UDA Holdings Bhd (UDA) is reinforcing its presence in Johor with the launch of 422 property units, targeting a broad demographic in a move to boost urban homeownership.

Manulife Launches New Medical Plan Giving Full Healthcare Coverage

KUALA LUMPUR, May 20 (Bernama) -- Life insurer Manulife Insurance Bhd has introduced a new medical plan, Manulife Health Saver Enrich (MHSE), aimed at providing end-to-end healthcare coverage from prevention to recovery.

Two Or Fewer Fed Fund Rate Cuts In 2025, Ringgit To Stay 4.4-4.5 To US Dollar By December

KUALA LUMPUR, May 16 (Bernama) -- RHB Investment Bank Bhd (RHBIB) expects two or fewer United States (US) Federal Fund Rate (FFR) cuts in September and December this year against its previous base case for three.

Malaysia-US Negotiation On Tariffs Going Smoothly, Many Issues Can Be Resolved -- Tengku Zafrul

KUALA LUMPUR, May 15 (Bernama) -- Discussions between Malaysia and the United States (US) regarding reciprocal tariffs have so far proceeded smoothly, with many issues being resolved while some require further scrutiny, particularly those related to the country’s strategic sectors.

AM Best Maintains Stable Outlook For Japan's Non-Life Insurance Industry

KUALA LUMPUR, May 14 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Japan’s non-life insurance industry, supported by improved profitability in the fire insurance segment and tighter regulatory oversight aimed at driving market reforms.

Malaysia's Natural Rubber Production Drops 20.3 Pct In March 2025 -- DOSM

KUALA LUMPUR, May 14 (Bernama) -- Malaysia’s natural rubber (NR) production fell by 20.3 per cent to 28,712 tonnes in March 2025 from 36,005 tonnes in February 2025, said the Department of Statistics Malaysia (DOSM).

Rimbunan Hijau Celebrates 50 Years Of Economic Impact And Global Success

SIBU, May 12 (Bernama) -- The Rimbunan Hijau Group (RH) marked its 50th anniversary with a grand celebration at Dataran Tun Tuanku Bujang, commemorating five decades of business growth and contributions to Malaysia’s economy and international presence.

US Move To Ease Curbs On Chip Exports An Opportunity For Malaysia's AI And Data Centre Sectors

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, May 9 (Bernama) -- US President Donald Trump's plan to rescind the Biden-era artificial intelligence (AI) chip export rule presents opportunities for Malaysia to expand its AI chip industry and booming data centre sector.

Empty Skies On Radar As Global Airlines Reroute, Cancel Flights Amid Pakistan Airspace Closure

Strong Buying In Heavyweights Lifts Bursa Malaysia To Intraday High

KUALA LUMPUR, May 7 (Bernama) -- Persistent buying in selected telecommunications and media, as well as utilities counters lifted Bursa Malaysia to end at an intraday high today, in line with positive momentum across the regional market, an analyst said.