Bank Islam's Net Profit Eases To RM126.27 Mln In 1Q 2025

KUALA LUMPUR, May 30 (Bernama) -- Bank Islam Malaysia Bhd (BIMB) posted a net profit of RM126.27 million for the first quarter ended March 31, 2025 (1Q 2025), 3.53 per cent lower compared to RM130.73 million recorded in the same period last year.

IMF Forum Explores How Governments Can Better Navigate Rising Borrowing Costs, Refinancing Pressures

KUALA LUMPUR, May 28 (Bernama) -- The 20th International Monetary Fund (IMF) Public Debt Management Forum explores and discusses how governments can better navigate the challenges of rising borrowing costs and debt refinancing pressures.

BNM Imposes Penalties On Four Financial Institutions For Regulatory Breaches

KUALA LUMPUR, May 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed an administrative monetary penalty on four banks, namely Bank Pembangunan Malaysia Bhd (BPMB), HSBC Bank Malaysia Bhd, HSBC Amanah Malaysia Bhd and Maybank Islamic Bhd for various breaches of financial regulations.

AmBank Approves RM70 Mln Financing For Sunview’s Solar Project In Kedah

KUALA LUMPUR, May 28 (Bernama) -- AmBank Group, through AmBank Islamic Bhd, has approved RM70 million to Sunview Group Bhd’s wholly-owned subsidiary, Fabulous Sunview Sdn Bhd (FSSB), to part-finance the construction of a 29.99 MegaWatt ground-mounted photovoltaic solar power plant in Kedah.

APO Concludes 67th Governing Body Meeting In Jakarta With New Leadership, Strategic Roadmap

KUALA LUMPUR, May 27 (Bernama) -- The Asian Productivity Organization (APO) concluded its 67th Governing Body Meeting (GBM) in Jakarta on a high note, setting the course for the organisation's future through key leadership changes and strategic discussions.

SC Launches Two Initiatives To Drive Maqasid Al-Shariah Adoption In ICM

KUALA LUMPUR, May 26 (Bernama) -- The Securities Commission Malaysia (SC) has unveiled the 40 Hadiths book series on sustainability and ethical sales transactions to promote a deeper understanding of the Islamic perspective on sustainability and Islamic ethics in commercial transactions.

Maybank Net Profit At RM2.59 Bln, Driven By Corporate Banking

KUALA LUMPUR, May 26 (Bernama) -- Malayan Banking Bhd (Maybank) net profit has risen to RM2.59 billion in the first quarter ended on March 31, 2025 (1Q FY2025) from RM2.49 billion a year ago, driven by the group’s corporate banking and global markets segment.

ASEAN Needs Over US$3 Trillion Investment For Energy Transition By 2050 - Fadillah

KUALA LUMPUR, May 26 (Bernama) -- Malaysia has urged ASEAN member states to embrace a fundamental shift in financing strategies to achieve the region’s ambitious energy transition goals, with cumulative investments estimated at over US$3 trillion by 2050.

PM Anwar's Russia Trip Seen As Gateway To Central Asian Halal Market

By Lucia Terey John

KUALA LUMPUR, May 23 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s recent official visit to Russia is not only a strategic move to strengthen bilateral relations, but also a “gateway” for Malaysia to explore the halal industry in the European and Central Asian regions, according to an analyst.

EXIM Bank To Support Mac World's Expansion Into Gulf Region With Strategic Financing

KUALA LUMPUR, May 22 (Bernama) -- The Export-Import Bank of Malaysia Bhd (EXIM Bank) has inked a financing agreement with Mac World Food Industries LLC, a subsidiary of Mac World Group, to support its expansion into the Gulf Cooperation Council (GCC) market.

Malaysia Has Capacity To Capture Rapidly Evolving Space Economy Industry -- MOSTI

By Zarul Effendi Razali

LANGKAWI, May 22 (Bernama) -- Malaysia has the capacity to capture the rapidly evolving space economy industry, with the country’s large local talent pool, ample resources, good infrastructure and technology.

Malaysia’s Halal Exports To Algeria Surge 24 Pct To RM156.3 Mln In 2024

KUALA LUMPUR, May 22 (Bernama) -- Malaysia’s halal exports to Algeria surged by 24 per cent to RM156.3 million in 2024, with shipments that included food and beverage, cosmetics, halal-certified ingredients, and palm oil derivatives.