Public Mutual Declares Distributions Of Over RM99 Mln For Nine Funds

KUALA LUMPUR, Dec 31 (Bernama) -- Public Mutual, a wholly-owned subsidiary of Public Bank, has declared distributions amounting to more than RM99 million for nine funds for the financial year ended Dec 31, 2024.

Wisson Robotics To Make Waves At CES 2025, Debuting Pliabot Technology 

KUALA LUMPUR, Dec 27 (Bernama) -- Wisson Robotics, a leader in general-purpose soft robotics, will debut its Pliabot technology, a revolutionary commercial and universal soft robotics with human-like muscles and embodied artificial intelligence (AI), at the Consumer Electronics Show (CES) 2025.

Ending Flat-rate Loan Calculations Can Curb Household Debt, Bankruptcy Risks -- Economists

KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.

PNB Declares 5.75 Sen Per Unit Income, RM10.1 Bln Payout For ASB

KUALA LUMPUR, Dec 24 (Bernama) -- Permodalan Nasional Bhd’s (PNB) wholly owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), has announced a total income distribution of 5.75 sen per unit for Amanah Saham Bumiputera (ASB) for the financial year ending Dec 31, 2024 (FY2024).

Lazada's AI-powered 12.12 Sale Generates US$483 Mln In Consumer Savings

KUALA LUMPUR, Dec 19 (Bernama) -- Lazada's artificial intelligence (AI)-powered 12.12 All Out Sale has generated US$483 million in consumer savings across Southeast Asia.

Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

288,000 EPF Members Register To Contribute Above The Statutory 11 Pct Employee Rate - Lim

KUALA LUMPUR, Dec 18 (Bernama) -- A total of 288,000 members of the Employees Provident Fund (EPF) have registered to contribute more than the statutory rate of 11 per cent for employee contributions as of October 2024.

Cogeneration Systems Boost Energy Efficiency By Over 70 Pct, Support Sustainability

KUALA LUMPUR, Dec 4 (Bernama) -- Cogeneration systems, which simultaneously produce electricity and useful heat from the same energy source, can boost energy efficiency by more than 70 per cent, resulting in substantially saving energy costs and contributing to long-term environmental sustainability.

Maybank Launches 'Finding MAEllionaire' Campaign

KUALA LUMPUR, Nov 29 (Bernama) -- Malayan Banking Bhd (Maybank) has introduced its "Finding MAEllionaire" campaign, offering customers the chance to win RM1 million in cash.  

IBR Pushes For Energy Efficiency, Modernisation

By M. Saraswathi

KUALA LUMPUR, Nov 26 (Bernama) -- Incentive-Based Regulation (IBR), a bold transformation for Malaysia’s energy sector, is a framework used by regulators to determine efficient costs and their recovery for electricity supply and services.

Grab Malaysia's #SisBolehKuasaiKewangan Programme Boosts Women's Financial Literacy

KUALA LUMPUR, Nov 28 (Bernama) -- The #SisBolehKuasaiKewangan programme by Grab Malaysia aims at enhancing financial literacy among Grab’s women partners, helping them better manage their finances.

Welspun One Invests US$325 Mln To Develop India's Largest Logistics Facility

KUALA LUMPUR, Nov 28 (Bernama) -- Welspun One, India’s fastest-growing new-age logistics and industrial real estate manager, is investing US$325 million in the country’s largest single-location ‘Grade A’ warehousing and industrial park at the Jawaharlal Nehru Port Authority (JNPA) Special Economic Zone (SEZ) in Navi Mumbai. (US$1=RM4.43)