AM Best Affirms Mongolian Re Credit Ratings
KUALA LUMPUR, Dec 5 (Bernama) -- AM Best has affirmed the financial strength rating of B (Fair) and the long-term issuer credit rating of “bb+” (Fair) of Mongolian National Reinsurance JSC (Mongolian Re).
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BNM’s International Reserves At US$124.1 Bln As At Nov 28
KUALA LUMPUR, Dec 5 (Bernama) -- The international reserves of Bank Negara Malaysia (BNM) amounted to US$124.1 billion as at Nov 28, 2025, unchanged from Oct 31, 2025.
AM Best Affirms Excellent Ratings For Hong Kong’s China Taiping Insurance
KUALA LUMPUR, Dec 5 (Bernama) -- Global credit rating agency, AM Best has affirmed Hong Kong’s China Taiping Insurance (HK) Company Limited [CTPI (HK)] financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook.
Palm Oil Sector Could Drive Malaysia’s Net-Zero Emissions Goals -- MPOB
GENTING HIGHLANDS, Dec 5 (Bernama) -- The palm oil sector could be a major contributor towards Malaysia’s goal of achieving net-zero emissions by 2050, rather than a liability, as mature oil palm plantations sequester substantial amounts of carbon dioxide (CO2).
Targeted Subsidy Doesn't Increase National Debt, Savings Up To RM4 Bln Per Year -- MoF
KUALA LUMPUR, Dec 4 (Bernama) -- The implementation of targeted subsidy does not increase national debt, but rather an important strategy to reduce long-term liabilities, stabilise the fiscal position and strengthen investor confidence in Malaysia’s economic prospects.
Croesus IT Eyes Plantation Tech Expansion Following Leap Market Debut
KUALA LUMPUR, Dec 3 (Bernama) -- Croesus IT Holdings Bhd is bolstering its focus on plantation technology (tech) as a key growth segment for the company following its listing on the LEAP Market of Bursa Malaysia today.
Govt Has Repaid RM42 Bln Of 1MDB Debts -- PM Anwar
KUALA LUMPUR, Dec 2 (Bernama) -- 1Malaysia Development Bhd's (1MDB) debts have not been fully settled, with total financial obligations exceeding RM50 billion, said Prime Minister Datuk Seri Anwar Ibrahim.
AM Best: Hong Kong Fire To Hit Reinsurers, Pressure Property Treaty Terms
KUALA LUMPUR, Dec 2 (Bernama) -- Global credit rating agency, AM Best expects a significant share of losses from the deadly Hong Kong apartment fire to flow to reinsurers—a shift that could halt downward pressure on Hong Kong property reinsurance rates despite a globally softening market.
Dewan Rakyat Passes Two Tax-Related Bills
KUALA LUMPUR, Dec 1 (Bernama) -- The Dewan Rakyat today passed the Finance Bill 2025, which details amendments to five tax acts, namely the Income Tax Act 1967, Real Property Gains Tax Act 1976, Stamp Act 1949, Labuan Business Activity Tax Act 1990, and the Petroleum (Income Tax) Act 1967.
Federal Govt Liabilities At RM390.4 Bln As Of End-June 2025 -- MoF
KUALA LUMPUR, Nov 27 (Bernama) -- The federal government's total liabilities are RM390.4 billion as of the end of June 2025 compared to RM384.8 billion at the end of 2024.
Govt Recovers RM31.2 Bln Related To 1MDB, SRC As Of September 2025
KUALA LUMPUR, Nov 27 (Bernama) -- From the establishment of the Asset Recovery Trust Account (AA MKA) in December 2018 until Sept 30, 2025, the government has recovered RM31.2 billion (including proceeds and foreign exchange adjustments) related to 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd (SRC), said the Ministry of Finance (MOF).
Sabah-Based Life Water Eyes Sales Boost Ahead Of Visit Malaysia 2026
KUALA LUMPUR, Nov 26 (Bernama) -- Sabah beverage manufacturer Life Water Bhd expects stronger demand from the state’s tourism sector ahead of Visit Malaysia 2026, supported by rising arrivals and steady consumption from hotels and retail outlets.