1y ago
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.
1y ago
KUALA LUMPUR, Nov 27 (Bernama) -- Bank Negara Malaysia (BNM) has been asked to investigate and review the “excessive” increase in insurance premiums.
1y ago
KUALA LUMPUR, Nov 26 (Bernama) -- Small and medium enterprises (SMEs) need to swiftly integrate environmental, social, and governance (ESG) practices into their business operations to maintain their competitiveness in the market and ensure long-term sustainable advantages, Bank Negara Malaysia (BNM) said.
1y ago
KUALA LUMPUR, 26 Nov (Bernama) -- The Ministry of Finance (MoF) and Bank Negara Malaysia (BNM) are looking at the possibility of extending the implementation of the mySalam scheme for two more years.
1y ago
KUALA LUMPUR, Nov 22 (Bernama) -- Malaysia’s international reserves rose to US$118.0 billion (US$1=RM4.46) as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
1y ago
KUALA LUMPUR, Nov 20 (Bernama) -- Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amidst key global developments, namely the outcome of the recent US election and concerns surrounding China’s economic growth prospects.
1y ago
KUALA LUMPUR, Nov 19 (Bernama) -- Bank Negara Malaysia (BNM), in collaboration with the Bank for International Settlements (BIS) and four other central banks, is advancing Project Nexus to enhance the efficiency of instant payment systems (IPS) for seamless cross-border transactions globally, with full operation expected by 2027.
1y ago
KUCHING, Nov 17 (Bernama) -- The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of developed countries, however, there are still three challenges hindering further progress towards becoming a financially literate society.
1y ago
KUCHING, Nov 16 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) and its member companies officially launched the “i-MULA 50 Starter Pack” in Sarawak today as part of the Karnival Celik Kewangan (KCK) Sarawak held here from Nov 15-17.
1y ago
KUCHING, Nov 16 (Bernama) -- Bank Muamalat Malaysia Bhd has expanded its social finance initiatives through several partnerships sealed at the ongoing Financial Literacy Carnival (KCK) 2024, which will run until tomorrow.
1y ago
YAN, Nov 16 (Bernama) -- Residents and traders in the Yan district are encouraged to buy and sell using electronic or cashless payment methods, known as e-Duit, to facilitate daily financial transactions and make life easier and more convenient.
1y ago
By Anas Abu Hassan
KUALA LUMPUR, Nov 16 (Bernama) -- The ringgit is expected to trade within a tight range next week following the US dollar’s recent rally amid anticipation of slower United States (US) interest rate cuts, according to Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.