FBM KLCI Recoups Most Of Earlier Losses At Midday, Lifted By Public Bank, Axiata

KUALA LUMPUR, Nov 29 (Bernama) -- Bursa Malaysia’s main index recovered almost all of its earlier losses at midday, boosted mainly by Public Bank and Axiata.

Fortude Expands Partnership With Infor To Boost Growth In ANZ As Channel Partner

KUALA LUMPUR, Nov 29 (Bernama) -- Fortude, a global digital solutions company has been appointed an Infor Channel Partner for Australia and New Zealand (ANZ), marking a significant expansion of its long-standing partnership with Infor. 

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.

Maybank Asset Management Partners With Fidelity International To Launch Multi-Asset Fund

KUALA LUMPUR, Nov 29 (Bernama) -- Maybank Asset Management Sdn Bhd (MAM Malaysia) has launched the MAMG Alpha Capital & Income Opportunities Fund to enhance diversification and deliver both income and capital growth. 

Downturn Continues On Bursa Amid Absence Of Leads From Wall Street, US Policy Worries

KUALA LUMPUR, Nov 29 (Bernama) -- Bursa Malaysia extended its downtrend on Friday, driven by an absence of guidance from Wall Street and persistent concerns over US policy uncertainties.

Wasco Records Net Profit Of RM25.02 Mln In 3q

KUALA LUMPUR, Nov 28 (Bernama) -- Wasco Bhd recorded a net profit of RM25.02 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared with RM27.41 million posted in the same quarter last year.

Bumiputera Entrepreneurial Community Should Include Companies From Sabah, Sarawak - Fadillah

KUALA LUMPUR, Nov 28 (Bernama) -- The bumiputera entrepreneurial community should not be restricted to companies in Peninsular Malaysia only, said Deputy Prime Minister Datuk Seri Fadillah Yusof. 

PKNS Unveils SA Sentral Development Plan

SHAH ALAM, Nov 28 (Bernama) -- The SA Sentral and Section 13 development plan, set to be implemented over the next seven years starting next year, will cover 58.6 hectares (145 acres) and aims to transform the area into a modern, dynamic, and competitive integrated hub in the country.

BNM Urges Insurers, Takaful Operators To Review Repricing Strategies For More Reasonable Implementation

KUALA LUMPUR, Nov 28 (Bernama) -- Bank Negara Malaysia (BNM) has required insurers and takaful operators (ITOs) to review their current repricing strategies for more reasonable implementation. 

Malaysia's Insurance, Takaful Industry Sees 56 Pct medical Claims Cost Inflation From 2021-2023 - Associations

KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia’s insurance and takaful industry saw unprecedented cumulative medical claims cost inflation rate of 56 per cent from 2021 to 2023, according to several associations.

IHH Healthcare Posts Higher Net Profit Of RM534.0 Mln In 3Q

KUALA LUMPUR, Nov 28 (Bernama) -- IHH Healthcare Bhd's net profit grew to RM534.0 million in the third quarter ended Sept 30, 2024 (3Q FY2024) from RM532.0 million in the same period last year, buoyed by sustained demand for quality healthcare services and growth in revenue intensity.

Banking Stocks Drag Bursa Malaysia Below 1,600 Level

KUALA LUMPUR, Nov 28 (Bernama) -- The fall in shares of banking heavyweights weighed heavily on Bursa Malaysia, causing the index to slip below the crucial 1,600 mark.