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Task Force Submits Suggestions To Address Labuan’s Industrial Challenges

LABUAN, April 8 (Bernama) -- Several recommendations to address economic hurdles affecting industry players in Labuan have been submitted to Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh.

Islamic Banking Industry Remains Resilient Amid West Asia Uncertainties -- AIBIM

KUALA LUMPUR,  April 8 (Bernama) -- Malaysia’s Islamic banking industry remains resilient, supported by strong capital and liquidity positions, amid uncertainties in West Asia, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).

Labuan To Focus On Four Key Economic Areas To Drive Growth, Says Liew

LABUAN, April 8 (Bernama) -- Four key economic areas have been identified to uplift the socio-economic landscape of the duty-free island of Labuan, according to Deputy Finance Minister Liew Chin Tong.

Hartanah Kenyalang Expects Margin Squeeze From US-Iran War, Implements Cost Measures

KUALA LUMPUR, April 8 (Bernama) -- Hartanah Kenyalang Bhd expects the ongoing United States (US)-Iran war to affect its margins, but the company will mitigate the impact by implementing cost-saving measures.

Bursa Malaysia Ends Higher, CI Jumps 1.16 Pct As US-Iran Ceasefire Lifts Sentiment

By Siti Radziah Hamzah

KUALA LUMPUR, April 8 (Bernama) -- Bursa Malaysia ended broadly higher, with the benchmark index rising 1.16 per cent to close near the 1,700 mark, supported by positive sentiment following news of a two-week ceasefire between the United States (US) and Iran, which includes Tehran allowing safe passage through the Strait of Hormuz.

Bank Islam, Awaris Launch Will-writing Services Via Mobile Banking App

KUALA LUMPUR, April 8 (Bernama) -- Bank Islam Malaysia Bhd (BIMB), in collaboration with Amanah Warisan Bhd (Awaris), today launched the Awaris will-writing service via BIMB Mobile, making it one of the first Malaysian banks to offer such services through a mobile banking application.

Bursa Malaysia Higher At Midday

KUALA LUMPUR, April 8 (Bernama) -- Bursa Malaysia ended the morning trading session higher, in tandem with regional markets, amid improving sentiment following the two-week ceasefire deal between the United States and Iran.

Bank Muamalat Offers Temporary Financial Resilience Assistance To Support Customers

KUALA LUMPUR, April 8 (Bernama) -- Bank Muamalat Malaysia Bhd is offering targeted financial assistance to support customers facing temporary financial pressures arising from global uncertainties, including recent developments in West Asia.

Xiaomi Accelerates Smart Home Expansion Amid Growing Adoption In Malaysia

KUALA LUMPUR, April 8 (Bernama) -- Smart home technology is rapidly gaining traction in Malaysia as more households adopt connected devices to enhance convenience, efficiency and control.

Kingdom Secures First Project Financing For Japan's Mimasaka Facility

KUALA LUMPUR, April 8 (Bernama) -- Kingdom, a battery energy storage system (BESS) platform established by Stonepeak, an alternative investment firm, has executed its first long-term project finance loan facility for its Mimasaka project in Japan.

Bursa Malaysia Higher At The Opening

KUALA LUMPUR, April 8 (Bernama) -- Bursa Malaysia opened higher on Wednesday amid a cautious undertone, in line with most regional markets, after US President Donald Trump suspended planned strikes on Iranian infrastructure for two weeks.  

IILM Prices US$1.335 Bln short-term sukuk amid Global Market Volatility

KUALA LUMPUR, April 7 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of US$1.335 billion in short-term sukuk across five tenors: two weeks, one month, three months, six months and nine months.