Monthly SARA Recipients Total 5.6 Mln, With Spending Amounting To RM4.59 Bln -- Amir Hamzah

KUALA LUMPUR, Dec 18 (Bernama) -- An estimated 5.6 million recipients eligible for the monthly SARA aid have been recorded, with total entitlements reaching RM5 billion a year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Paramount Acquires Land For RM579 Mln Housing Project

KUALA LUMPUR, Dec 17 (Bernama) -- Paramount Corporation Bhd’s wholly-owned subsidiary Prima Kuasa Sdn Bhd has entered into a sale and purchase agreement with SJ Properties Sdn Bhd to acquire 19.62 hectares (48.49 acres) for a RM579 million housing project.

Sabah Exploring Ocean Thermal Energy Conversion, Conducting Implementation Study -- Hajiji

KOTA KINABALU, Dec 17 (Bernama) -- The Sabah government, through the Sabah Energy Commission (ECoS), has begun exploring renewable energy in the form of Ocean Thermal Energy Conversion (OTEC) and is currently conducting an implementation study along the state’s east coast, according to Chief Minister Datuk Seri Hajiji Noor.

Bursa Malaysia Extends Upward Momentum To 14-Month High

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 15 (Bernama) -- Bursa Malaysia’s key index extended its uptrend today, climbing to a 14-month high, surpassing the previous high recorded on Oct 22, 2024 at 1,642.54, supported by broad-based buying from local institutional investors.

Malaysia’s Tune Protect Re Credit Ratings Affirmed By AM Best

KUALA LUMPUR, Dec 12 (Bernama) -- AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” (Good) of Malaysia’s Tune Protect Re Ltd (TPR) with a stable outlook on these credit ratings (ratings).

MPOB Warns Smallholders About Cheap Fertilisers With Low Nutrient Content - MPOB

KUALA LUMPUR, Dec 12 (Bernama) -- Oil palm smallholders are reminded not to be deceived by the sale of cheap fertilisers with low nutrient content levels, which affect yields and waste resources.

Bursa Malaysia Opens Higher, Tracking Wall Street Gains

KUALA LUMPUR, Dec 12 (Bernama) -- Bursa Malaysia edged higher in early trade, following mostly stronger sessions on Wall Street overnight.

Ringgit Extends Gains On Softer US Data, Fed Rate Cut

KUALA LUMPUR, Dec 12 (Bernama) -- The ringgit opened firmer against the greenback for a second day, buoyed by softer US data and the Federal Reserve (Fed)’s 25-basis-point lending rate cut.

Malaysia Has Comprehensive Legal Framework On Proliferation Financing - Task Force

KUALA LUMPUR, Dec 11 (Bernama) -- Malaysia has a comprehensive legal and regulatory framework for targeted financial sanctions (TFS)  related to proliferation financing (PF) pursuant to the United Nations Security Council Resolution (UNSCR) and its successor resolutions.

AGX Group Proposes Bonus Issue Of Up To 108.22 Mln Warrants

KUALA LUMPUR, Dec 11 (Bernama) -- AGX Group Bhd has proposed a bonus issue of up to 108.22 million warrants based on one warrant for every four shares held.

Ringgit Jumps To 4.10 Against Greenback, Highest In Four And A Half Years

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 11 (Bernama) -- The ringgit bounced to the 4.10 level against the US dollar at Thursday’s close, hitting a new high in four years and six months after the US Federal Reserve (Fed) cut interest rates for the third time this year, which weighed on the greenback.

Watchdog Upgrades Malaysia’s Illicit Finance Rating, Urges More Laundering Prosecutions

KUALA LUMPUR, Dec 11 (Bernama) -- Global financial crime watchdog, the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) in a report published today, revealed that Malaysia has further strengthened its defences against illicit finance since 2015, notably by enhancing its legal framework and supervision of financial and non-financial sectors.