Etiqa Life Insurance Names Leong Su Yern As New CEO

KUALA LUMPUR, Jan 2 (Bernama) -- Etiqa Life Insurance Bhd (ELIB) has announced the appointment of Leong Su Yern as its new chief executive officer (CEO), effective Jan 1, 2025.

EPIC Wins Major Contract From Petronas, Stays Committed To Developing O&G Business

KUALA TERENGGANU, Jan 2 (Bernama) -- Eastern Pacific Industrial Corporation Bhd (EPIC Bhd) through its subsidiary EPIC OG Sdn Bhd (EOGSB) has secured a five-year contract from Petroliam Nasional Bhd’s wholly owned subsidiary Petronas Carigali Sdn Bhd.

APEC Returns To South Korea After 20 Years, To Zero In On Innovation, Digitalisation, Sustainability

KUALA LUMPUR, Jan 2 (Bernama) -- South Korea, which will be hosting the Asia-Pacific Economic Cooperation (APEC) this year for the first time in 20 years, will focus on innovation, digitalisation and sustainability.

November 2024 Air Passenger Traffic Reaches 8.0 Mln, Robust 15.8 Pct Y-o-y Increase - MAVCOM

KUALA LUMPUR, Jan 2 (Bernama) -- Malaysia’s aviation sector has been seeing sustained recovery and growth, with air passenger traffic reaching 8.0 million passengers in November 2024, marking a robust 15.8 per cent year-on-year (y-o-y) increase compared to November 2023.

KSI Forecasts Malaysia's Economic Growth At 4.9 Pct For 2025

KUALA LUMPUR, Jan 2 (Bernama) -- Malaysia's economic growth is expected to moderate to 4.9 per cent in 2025, slightly above the official target range of 4.5 per cent to 5.5 per cent, taking into account the impact of domestic policies and external challenges, said KSI Strategic Institute for Asia Pacific (KSI).

Malaysia Implements MSPO 2.0 To Boost Sustainable Palm Oil Standards

KUALA LUMPUR, Jan 1 (Bernama) -- The Malaysian Sustainable Palm Oil (MSPO) Standard MS2530:2022 (MSPO 2.0) officially comes into effect today, introducing stricter guidelines for sustainability, traceability, and ethical practices in palm oil production.

Malaysia's Economic Momentum To Continue Into 2025, GDP To Grow 6 Pct

By Nurul Jannah Kamaruddin and Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Jan 1 (Bernama) -- Building on its strong economic performance in 2024, Malaysia is poised to maintain its growth momentum into 2025, with the gross domestic product (GDP) projected to expand by up to 6.0 per cent, said an economist.

Ringgit Closes Out 2024 As Top Performer Among Major Asian Currencies

By Norsyafawati Ab Wahab

KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit emerged as the best-performing currency in Asia in 2024, standing out among major regional peers amid a challenging global economic landscape.

Bursa Malaysia Shines In 2024, CI To Touch 1,800 Next Year, With 50 New Listings

By Harizah Hanim Mohamed and Danni Haizal Danial Donald

KUALA LUMPUR, Dec 31 (Bernama) -- Malaysia's equity market delivered a commendable performance in 2024, earning a solid grade close to an “A”, with several key milestones achieved throughout the year, laying the foundation for the main index to reach 1,800 next year, with 50 new listings anticipated.

Private Non-financial Sector Credit Growth Up 5.2 Pct In November

KUALA LUMPUR, Dec 31 (Bernama) -- Credit to the private non-financial sector grew by 5.2 per cent in November versus 5.1 per cent in October 2024, driven mainly by higher growth in corporate bonds (3.8 per cent; October 2024: 2.6 per cent), according to Bank Negara Malaysia (BNM).

Southern Gateway Economic Corridor To Coordinate High-impact Projects

MELAKA, Dec 31 (Bernama) -- The Southern Gateway Economic Corridor is the best medium for coordinating high-impact development projects that can generate sustainable economic growth.

Weak Start As Bursa Malaysia Wraps Up 2024

KUALA LUMPUR, Dec 31 (Bernama) -- Bursa Malaysia’s benchmark index opened slightly higher but reversed course, tracking weaker Wall Street performance overnight.