PBAPP Launches RM5 Bln Sukuk To Boost Penang’s Water Infrastructure

GEORGE TOWN, July 8 (Bernama) -- Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) today launched its inaugural RM5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Programme) to support critical water infrastructure development and long-term water security in Penang.

ChemOne Secures US$350 Mln Islamic Insurance Cover From ISDB's Unit

KUALA LUMPUR, July 8 (Bernama) -- ChemOne Group has secured a US$350 million (US$1 = RM4.23) Islamic insurance cover from the Islamic Development Bank (IsDB)'s unit, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Agrobank Allocates RM50 Mln To Financing Scheme AgroPintar For Microentrepreneurs

KOTA KINABALU, July 6 (Bernama) -- Agrobank has allocated RM50 million to facilitate microfinancing access through its Agro Pintar Niaga Programme (AgroPintar), alongside an additional RM5 million in i-TEKAD matching grants.

Fiscal Consolidation Pays Off For Malaysia; US Dollar Seen On Weaker Path

By Harizah Hanim Mohamed

KUALA LUMPUR, July 6 (Bernama) -- Malaysia’s fiscal consolidation efforts are beginning to bear fruit, with measures to narrow the fiscal deficit and reduce government debt gaining traction despite criticism, signalling a positive outlook for the country’s sovereign credit ratings.

SST And New Electricity Tariffs: Relief Measures To Ease Transition

By Nurul Hanis Izmir

PUTRAJAYA, July 6 (Bernama) -- As Malaysia enters the second half of 2025, the government’s fiscal recalibration through an expanded Sales and Service Tax (SST) and revised electricity tariffs mark a strategic move to strengthen national finances while prioritising the welfare of the rakyat.

Bank Muamalat Advances Islamic Finance To Drive Socioeconomic Growth In Sabah

TAWAU, July 5 (Bernama) -- Bank Muamalat Malaysia Berhad is advancing Islamic finance to drive socioeconomic development through various social finance initiatives, said its president and chief executive officer, Khairul Kamarudin.

AirAsia Inks US$12.25 Bln Airbus Deal To Add 70 Long-Range Jets 

KUALA LUMPUR, July 5 (Bernama) -- AirAsia has signed an agreement to buy US$12.25 billion (RM51.72 billion) worth of long-range Airbus 321XLR aircraft, with deliveries confirmed by 2028, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes.

MoneyHero Launches Annual Awards Honouring Singapore's Best Personal Finance Products

KUALA LUMPUR, July 3 (Bernama) -- MoneyHero Limited (MoneyHero) has launched the “SingSaver Best-Of Awards”, an annual programme recognising Singapore’s top personal finance products.

Bank Rakyat Taps Neurogine n2Tap To Boost MSME Digital Transformation

By Jailani Hasan

LABUAN, July 2 (Bernama) – Neurogine Sdn Bhd’s flagship product, Neurogine n2Tap, has been adopted by Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) as part of the bank’s i‑MerchantRAKYAT initiative.

CIMB Pledges RM200 Mln Under ‘Kita Bagi Jadi Komuniti’ To Boost Financial And Digital Literacy

KUALA LUMPUR, June 30 (Bernama) -- CIMB Group Holdings Bhd today announced a commitment of RM200 million over the next five years (2026 to 2030) under its “Kita Bagi Jadi Komuniti” (KBJK) platform to advance customers and society.

Malaysian SMEs Need To Adopt AI For ESG Compliance And Thrive In Future Economy -- Gobind

KUALA LUMPUR, June 30 (Bernama) -- Malaysian small and medium enterprises (SMEs) need to embrace digital technology, especially artificial intelligence (AI), to meet the environmental, social and governance (ESG) expectations and thrive in the future economy, said Digital Minister Gobind Singh Deo.

BNM: Malaysia’s Official Reserves Assets At US$119.59 Bln As Of End-May 2025

KUALA LUMPUR, June 30 (Bernama) -- Malaysia’s official reserve assets amounted to US$119.59 billion (US$1= RM4.21) as of end-May 2025, while other foreign currency assets stood at US$955.2 million, according to Bank Negara Malaysia (BNM).