ADB, World Bank Launch ASEAN Power Grid Financing Initiative

KUALA LUMPUR, Oct 15 (Bernama) -- The Asian Development Bank (ADB) and the World Bank Group, in partnership with ASEAN, today launched the ASEAN Power Grid (APG) Financing Initiative to support the development and integration of national power grids across the region.

ADB Reaffirms Exclusion Of Nuclear Energy Financing

KUALA LUMPUR, Oct 15 (Bernama) -- The Asian Development Bank (ADB) has reaffirmed that it will not finance any nuclear power generation projects under its current energy policy.

Takaful Industry Takes Global Stage At GIFF 2025

KUALA LUMPUR, Oct 15 (Bernama) -- The Malaysian Takaful Association (MTA), as a supporting partner of the Global Islamic Finance Forum (GIFF) 2025, highlighted ASEAN’s progress and future direction in Takaful during the ASEAN Spotlight session, themed “Charting ASEAN’s Takaful Transformation - From Strength to Global Benchmark.”

BNM Remains Optimistic On Ringgit's Outlook Supported By Strong Economy - Governor 

By Karina Imran

KUALA LUMPUR, Oct 15 (Bernama) -- Bank Negara Malaysia (BNM) remains optimistic about the trajectory of the ringgit, underpinned by Malaysia’s strong economic fundamentals and structural reforms.

Over 11 Mln Malaysians Benefited From BUDI95 Petrol Subsidy As Of Oct 13 - MOF

KUALA LUMPUR, Oct 14 (Bernama) -- The Ministry of Finance (MoF) said the Budi Madani targeted subsidy system for RON95 petrol (BUDI95) has benefited more than 11 million Malaysians, who are enjoying the RON95 petrol price of RM1.99 per litre as of Oct 13, 2025.

Southern Cable To Raise Up To RM259 Mln To Fund Capacity Expansion

KUALA LUMPUR, Oct 14 (Bernama) -- Southern Cable Group Bhd has proposed a private placement of up to 10 per cent of its total issued shares to raise as much as RM259 million to finance a multi-year expansion plan aimed at boosting its production capacity.

Takaful Industry Unites To Expand iTEKAD Protection Under Budget 2025

KUALA LUMPUR, Oct 14 (Bernama) -- Malaysia’s Takaful industry has united to provide iTEKAD protection to vulnerable communities, marking a significant milestone in the nation’s social finance journey and reinforcing its leadership in Islamic finance.

AIM Congress To Hold First Overseas Edition In Shanghai, China

KUALA LUMPUR, Oct 14 (Bernama) -- The Organizing Committee of AIM Congress, the world’s leading investment platform, has announced the launch of AIM China Chapter 2025, marking the platform’s first international expansion outside the United Arab Emirates (UAE).

Increase In STR, SARA Allocations Proves Govt's Commitment To Strengthen Social Safety Net -- MoF

KUALA LUMPUR, Oct 14 (Bernama) -- The increase in the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) allocations from year to year is proof of the government’s commitment to strengthen the social safety net, according to the Ministry of Finance (MoF).

FE Green PET Secures RM150 Mln In Sustainable Financing From HSBC Malaysia

KUALA LUMPUR, Oct 14 (Bernama) -- Taiwan’s Far Eastern New Century Group (FENC), through wholly-owned subsidiary FE Green PET (M) Sdn Bhd (FE Green PET), has secured RM150 million in green and sustainability-linked financing from HSBC Bank Malaysia Bhd.

BMI Expects Malaysia’s Budget Deficit To Narrow To 3.6 Pct In 2026

KUALA LUMPUR, Oct 14 (Bernama) -- BMI, a Fitch Solutions company, expects Malaysia’s budget deficit to narrow from an estimated 3.9 per cent of gross domestic product (GDP) in 2025 to 3.6 per cent in 2026,  broadly in line with the government’s fiscal projections.

Malaysia To Reap Economic Benefits From Sovereign AI Cloud Development – IT Specialist

KUALA LUMPUR, Oct 14 (Bernama) -- The RM2 billion investment to develop the Sovereign AI Cloud in Budget 2026 will enable Malaysia to reap economic benefits, as it allows the country to retain the value created through artificial intelligence (AI) by keeping revenues, jobs and intellectual property within its national borders, an information technology (IT) specialist said today.