Bursa Malaysia Opens Higher Amid Mixed Wall Street Performance

By Rosemarie Khoo

KUALA LUMPUR, Dec 20 (Bernama) -- Bursa Malaysia opened higher today amid a mixed performance on Wall Street overnight, said an analyst. 

BNM's International Reserves Rise To US$118.3 Bln As At Nov 29, 2024

KUALA LUMPUR, Dec 6 (Bernama) -- Malaysia's international reserves stood at US$118.3 billion (US$1=RM4.41) as at Nov 29, 2024, compared to US$118.0 billion on Nov 15, 2024. 

MOF Focusing On Progressive Taxation, Sustainable Budgeting To Prioritise Critical Sectors

KUALA LUMPUR, Dec 5 (Bernama) -- The Ministry of Finance (MoF) will focus on progressive taxation to ensure fairness, sustainable budgeting to prioritise critical sectors such as education and healthcare, and responsible debt management to support development in line with the aspirations of the MADANI Economy framework.

No Proposal For Malaysia To Join New Development Bank So Far -- MITI

KUALA LUMPUR, Dec 5 (Bernama) -- There has been no proposal so far for Malaysia to join the New Development Bank (NDB), according to the Ministry of Investment, Trade and Industry (MITI).

Malaysia On The Right Track To Consistently Reduce Deficit Rate - Amir Hamzah

KUALA LUMPUR, Dec 4 (Bernama) -- Malaysia is on the right track to consistently reduce its deficit rate, according to Finance Minister II  Datuk Seri Amir Hamzah Azizan.

Govt To Continue Strengthening Financial Position While Supporting Economic Growth -- PM Anwar

KUALA LUMPUR, Dec 4 (Bernama) -- The government will continue to balance efforts to strengthen the country’s financial position to be more sustainable while ensuring that fiscal policies continue to support the national economic growth momentum, according to Prime Minister Datuk Seri Anwar Ibrahim.

AKPK Unites Financial Institutions And Media To Promote Financial Literacy

KUALA LUMPUR, Dec 4 (Bernama) -- The Credit Counselling and Debt Management Agency (AKPK) recently organised the “Row and GROW Towards Financial Resilience” programme, designed to promote teamwork, strengthen relationships, and foster camaraderie with financial providers. 

MOF: 13 Pct Of AKPK Borrowers Fully Settle RM3.2 Bln Debt

KUALA LUMPUR, Dec 4 (Bernama) -- A total of 13 per cent of the 477,571 borrowers registered with the Credit Counselling and Debt Management Agency (AKPK) have fully settled debts exceeding RM3.2 billion, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Malaysian Banks To Record Higher Profits In 2025 -- Economist

KUALA LUMPUR, Dec 3 (Bernama) -- Malaysia’s banking sector is projected to continue recording higher profits in 2025, supported by steady loan growth, a stable interest rate environment, and non-interest income, said an economist. 

EMGA Secures US$30 Mln Debt Financing For Uzbekistan’s Ipak Yuli Bank

KUALA LUMPUR, Dec 2 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for Ipak Yuli Bank in Uzbekistan, securing US$30 million from the OPEC Fund for International Development (OPEC Fund). (US$1=RM4.44)

Sapura Energy Chairman, Group CEO To Step Down

KUALA LUMPUR, Nov 29 (Bernama) -- Sapura Energy Bhd’s chairman, Datuk Mohammad Azlan Abdullah, and group chief executive officer (CEO) Datuk Mohd Anuar Taib, will be leaving their positions in the fourth quarter of the current financial year ending Jan 31, 2025 (4Q FY2025).

Malaysia's Official Reserve Assets At US$117.59 Bln As At End-October 2024 - BNM

KUALA LUMPUR, Nov 29 (Bernama) --The official reserve assets amounted to US$117.59 billion, while other foreign currency assets amounted to US$5.7 million as at end-October 2024, said Bank Negara Malaysia (BNM).