SuperFreeze Appoints Alex Choi As Head Of Korea 

KUALA LUMPUR, March 26 (Bernama) -- SuperFreeze, a leader in cold chain logistics, has appointed Alex Choi as its new Head of Korea, effective March 4.

Public Investment Bank Lowers 2025 CPI Forecast To 2.4 Percent on Soft Start To The Year

KUALA LUMPUR, March 24 (Bernama) -- Public Investment Bank Bhd (PIVB) has lowered its 2025 full-year Consumer Price Index (CPI) forecast to 2.4 per cent from 3.0 per cent previously.

BNM: Islamic Finance Expands To RM1.13 Bln In 2024, Takaful Growth Moderates On Rising Costs

KUALA LUMPUR, March 24 (Bernama) – The Islamic banking and takaful industries continued to record positive growth in 2024, with the Islamic banking industry’s share of total financing in the financial system increasing to 46.6 per cent last year from 45.6 per cent in 2023.

Bintulu Port Holdings Pays RM3.6 Mln Zakat To Tabung Baitulmal Sarawak

KUCHING, March 21 (Bernama) -- Bintulu Port Holdings Bhd (BPHB) paid RM3.6 million zakat for 2024 to Tabung Baitulmal Sarawak (TBS), which is its highest zakat contribution to date.

Eco World Records Net Profit Of RM80.34 Mln In 1Q

KUALA LUMPUR, March 20 (Bernama) -- Eco World Development Group Bhd has recorded a net profit of RM80.34 million in the first quarter (1Q) ended Jan 31, 2025, from RM69.63 million in the same period last year.

PHB Net Profit Surges Over Threefold To RM117.2 Mln In FY2024

KUALA LUMPUR, March 20 (Bernama) -- Pelaburan Hartanah Bhd’s (PHB) net profit for the financial year ended Dec 31, 2024 (FY2024) more than tripled to RM117.2 million from RM31.7 million in the previous year. 

Unit Trust Funds Remain Largest CIS Component With RM546.08 Bln NAV

KUALA LUMPUR, March 20 (Bernama) -- Unit trust funds remained the largest component of Malaysia’s collective investment schemes (CIS) industry, with a total net asset value (NAV) of RM546.08 billion as at Dec 31, 2024.

Retirees Should Redirect Small Portion Of Savings Into Higher-Yielding Investments To Enhance Income Security -- SC

 KUALA LUMPUR, March 20 (Bernama) – Retirees should redirect a small portion of their savings into higher-yielding capital market instruments to enhance their income security in their old age rather than holding cash, the Securities Commission (SC) said.

Assets Under Management Rise To RM1.07 Trillion In 2024 -- SC

Assets under management (AUM) of the investment management industry continued its upward trajectory, reaching RM1.07 trillion as of Dec 31, 2024, up from RM975.48 billion in 2023. 

GLICs Urged To Invest Around RM120 Bln over 5 Years For Economic Growth

KUALA LUMPUR, March 20 (Bernama) -- Government-linked investment companies (GLICs) have been urged to make domestic direct investments (DDI) of about RM120 billion over five years to stimulate the country's economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.

I-BAP Grants Worth RM2.96 Mln Provided To 48 Indian-owned Enterprises

KUALA LUMPUR, March 19 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (KUSKOP), through SME Corporation Malaysia, has channeled grants totalling RM2.96 million to 48 small Indian-owned enterprises under the Business Accelerator Programme for Indian Small Businesss (I-BAP) to date.

Foreign Workers' EPF Contribution A Game Changer To Retain Workforce And Hire More Local Talent

By Nur Athirah Mohd Shaharuddin & Fatin Umairah Abdul Hamid

KUALA LUMPUR, March 19 (Bernama) -- Foreign workers' mandatory Employees Provident Fund (EPF) contribution will benefit Malaysia’s economy over the long term as employers will favour hiring more local talent as costs increase.