BNM: Islamic Finance Expands To RM1.13 Bln In 2024, Takaful Growth Moderates On Rising Costs

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.

Life Insurance, Takaful Funds See Profit Decline In 2h 2024 Amid Weaker Investment, Rising Medical Payouts

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.

Incentivise Non-profit Hospital Expansion To Ease Medical Costs – BNM

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.

Macro Solvency Stress Test Reaffirms Banks’ Resilience In Face Of Severe Shocks

KUALA LUMPUR, March 24 (Bernama) -- Solvency and liquidity stress test exercises have re-affirmed that banks in the country remain highly resilient even in the face of severe macroeconomic, financial, and liquidity shocks.

Xenco Medical Named Among Fast Company's 2025 World’s Most Innovative Companies

KUALA LUMPUR, March 21 (Bernama) -- Xenco Medical has been recognised once again as one of the World’s Most Innovative Companies for 2025 by Fast Company Magazine.

Qube Announces Inaugural Sea Healthcare And Pharma Conference 2025 In April

KUALA LUMPUR, March 21 (Bernama) -- Qube Integrated Malaysia Sdn Bhd, the organiser of SEACare 2025, has announced the inaugural SEA Healthcare and Pharma Conference 2025 taking place from April 23 to 25 at the Malaysia International Trade and Exhibition Centre (MITEC).

13MP To Continue Integrated Policy, Focus On HGHV Industries - Rafizi

KUALA LUMPUR, March 20 (Bernama) -- The Ministry of Economy will ensure that an integrated and appropriate policy focusing on high-growth and high-value (HGHV) industries continues in the preparation of the 13th Malaysia Plan (13MP) to boost the economy towards a higher and more complex value chain.

Affin Bank, MUFG Malaysia Ink MoU For Strategic Partnership

KUALA LUMPUR, March 19 (Bernama) -- Affin Bank Bhd has signed a memorandum of understanding (MoU) with MUFG Bank (Malaysia) Bhd to foster business cooperation and drive shared growth opportunities.

Perseverance, Innovation, And Support: Key Drivers Of Business Success For Bizsmart Challenge Winners

By Naveen Prabu

KUALA LUMPUR, March 19 (Bernama) -- The winners of the Alliance Bank Malaysia Bhd’s BizSmart Challenge Accelerator Edition have proven that perseverance, innovation, and the right support are crucial to overcoming business challenges and achieving sustainable success.

Medical Korea 2025 To Spotlight AI-powered Healthcare, Medical Tourism

KUALA LUMPUR, March 19 (Bernama) -- Medical Korea 2025 (the 15th Global Healthcare & Medical Tourism Conference), will be held for four days beginning March 20, at Coex, Seoul, South Korea.

BNM, Stakeholders To Expedite Long-term Solution To Tackle Rising Medical Cost

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.

KMI Healthcare, BSHSB Ink RM146 Mln Deal To Build And Lease 100-bed Hospital In Penang

KUALA LUMPUR, March 10 (Bernama) -- Kumpulan Medic Iman Sdn Bhd (KMI Healthcare), a subsidiary of TDM Bhd, has signed a build-and-lease agreement with Bertam Specialist Hospital Sdn Bhd (BSHSB) to develop a 100-bed hospital in Bertam, Seberang Perai Utara, Penang.