KUALA LUMPUR, Dec 24 (Bernama) -- Bank Negara Malaysia’s (BNM) proposal to abolish the flat-rate method for calculating personal financing is seen as a significant step towards improving the financial health of households, said an economist.
KUALA LUMPUR, Dec 19 (Bernama) -- Aeon Credit Service (M) Bhd’s net profit for the third quarter of the financial year ended Feb 28, 2025 (3Q 2025) fell to RM62.07 million from RM85.55 million last year.
By Karina Imran
KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.
KUALA LUMPUR, Dec 18 (Bernama) -- Global credit rating agency, AM Best has maintained a stable outlook on Malaysia’s non-life insurance segment, citing sustained underwriting and pricing discipline.
KUALA LUMPUR, Dec 6 (Bernama) -- Global credit rating agency, AM Best has affirmed Vietnam’s Petrolimex Insurance Corporation (PJICO) financial strength rating of B++ (good), the long-term issuer credit rating of “bbb” (good), and the country National Scale Rating (NSR) of aaa.VN (exceptional).
KUALA LUMPUR, Dec 5 (Bernama) -- BioLopp, Gula Cakery and HiiVolt, three emerging enterprises have been named as the top three winners for the BizSmart Challenge Accelerator Edition, an event that celebrates and recognises Malaysia’s top emerging enterprises.
KUALA LUMPUR, Dec 5 (Bernama) -- The restructuring of the Development Financial Institutions (DFIs) involving Bank Pembangunan Malaysia Bhd (BPMB), Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), and Export-Import Bank of Malaysia Bhd (EXIM Bank) is in line with the national agenda to implement reforms and strengthen government-owned institutions, said the Ministry of Finance (MoF).
From Anas Abu Hassan
LAS VEGAS, Dec 5 (Bernama) -- Amazon Web Services Inc (AWS) has pledged up to US$100 million (US$1=RM4.40) in cloud credits under the AWS Education Equity Initiative over the next five years to help qualified education organisations around the world to build or scale digital learning solutions.
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.
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.
KUALA LUMPUR, Dec 3 (Bernama) -- Bank Rakyat has offered a flood assistance facility that includes a moratorium of up to six months to individual and business customers affected by the floods.
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.
