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Insurance Industry In Limelight Due To Public Outcry Over Steep Medical Premium In 2024

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 22 (Bernama) -- A review of the insurance industry’s performance in 2024 will undoubtedly have to include the backlash faced by the insurance and takaful industry after it announced a steep hike in medical insurance premiums.

GDA Stands Firm On RM11 Offer For MAHB Despite Directors' Rejection

KUALA LUMPUR, Dec 21 (Bernama) -- Gateway Development Alliance Sdn Bhd (GDA), the consortium proposing to privatise Malaysia Airports Holdings Bhd (MAHB), remains steadfast on its RM11 per share offer price, despite recommendations from independent directors to reject it.

Bursa Malaysia Achieves 55 IPOs, Highest In 19 Years

KUALA LUMPUR, Dec 20 (Bernama) -- Bursa Malaysia Bhd has made a significant achievement in 2024 with 55 initial public offerings (IPOs) listed on the exchange, the highest number of listings recorded in the last 19 years.

MOH Welcomes BNM's Interim Measures To Regulate Insurance, Takaful Premiums

KUALA LUMPUR, Dec 20 (Bernama) -- The Ministry of Health (MOH) has welcomed Bank Negara Malaysia’s (BNM) move to regulate the rise in medical and health insurance/takaful (MHIT) premiums, calling it a timely short-term intervention to alleviate the burden of sudden inflation on the public.

Govt, ITOs And Private Hospitals To Contribute RM60 Mln To Accelerate Health Reforms -- BNM

KUALA LUMPUR, Dec 20 -- The government, together with insurers and takaful operators (ITOs) and private hospitals, will contribute RM60 million to accelerate health reforms, said Bank Negara Malaysia (BNM).

Tentative Date For CAAM-Mavcom Merger Set, To Be Announced By Transport Ministry -- CAAM CEO

KUALA LUMPUR, Dec 20 (Bernama) -- The tentative date for the merger of the Civil Aviation Authority of Malaysia (CAAM) and the Malaysian Aviation Commission (Mavcom) has been set and will be revealed later by the Transport Ministry.

Bursa Malaysia Ends Morning Session Flat

KUALA LUMPUR, Dec 20 (Bernama) -- Bursa Malaysia ended the morning session almost flat, in tandem with its regional peers amid Wall Street’s mixed overnight performance. 

Bursa Malaysia Opens Higher Amid Mixed Wall Street Performance

By Rosemarie Khoo

 

KUALA LUMPUR, Dec 20 (Bernama) -- Bursa Malaysia opened higher today amid a mixed performance on Wall Street overnight, said an analyst. 

Bursa Malaysia To Close On Christmas, New Year's Day

KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia Bhd and its subsidiaries will be closed on Dec 25 in conjunction with Christmas Day and Jan 1, 2025, for New Year’s Day.

TM, Petronas And Gentari Ink MoU To Drive Digital Transformation For Industries

KUALA LUMPUR, Dec 19 (Bernama) -- Telekom Malaysia Bhd (TM) has signed a memorandum of understanding (MoU) with Petroliam Nasional Bhd's (Petronas) digital arm Petronas Digital Sdn Bhd and Gentari Sdn Bhd to accelerate digital transformation and sustainable innovation for industries and the nation. 

ES Sunlogy Signs Underwriting Agreement With M&A Securities For IPO Exercise

KUALA LUMPUR, Dec 19 (Bernama) -- Mechanical and electrical (M&E) engineering services solutions, ES Sunlogy Bhd has entered into an underwriting agreement with M&A Securities Sdn Bhd for the company’s upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.