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Public Bank Extends Loan Repayment Relief To Customers Affected By Johor Floods

KUALA LUMPUR, March 25 (Bernama) -- Public Bank and Public Islamic Bank are extending repayment relief to their loan and financing customers affected by the recent floods in Johor.

US Tariffs On Mexico, Canada, China Create Opportunities For Malaysian Exporters To Boost US Shipments - MITI

KUALA LUMPUR, March 24 (Bernama) -- The introduction of tariffs by the United States (US) on Mexico, Canada, and China could open opportunities for Malaysian exporters to increase production and double their exports to the US.

Banks' Capital Buffers Strong Enough To Absorb Business Credit Losses – BNM

KUALA LUMPUR, March 24 (Bernama) -- Stress tests conducted by Bank Negara Malaysia (BNM) affirmed that banks’ capital buffers are sufficient to absorb a potential increase in credit losses from the business sector under adverse stress scenarios.

Bank Deposits Growth Slows To 3 Percent In 2H 2024 On Rising Costs, Debt Repayment - BNM

KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.

Financial Institutions Remain Vigilant Against Operational Disruptions - BNM

KUALA LUMPUR, March 24 (Bernama) -- Financial losses from operational risks reported by financial institutions continued to be small in the second half of 2024 (2H 2024), accounting for only 0.03 per cent of total banking system capital compared to 0.05 per cent in the first six months.

Life Insurance, Takaful Funds See Profit Decline In 2h 2024 Amid Weaker Investment, Rising Medical Payouts

KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.

Macro Solvency Stress Test Reaffirms Banks’ Resilience In Face Of Severe Shocks

KUALA LUMPUR, March 24 (Bernama) -- Solvency and liquidity stress test exercises have re-affirmed that banks in the country remain highly resilient even in the face of severe macroeconomic, financial, and liquidity shocks.

Local Rubber Market Closes Lower In Line With Regional Peers

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, March 21 (Bernama) -- The Malaysian rubber market closed lower on Friday due to weaker guidance from its regional peers and benchmark crude oil prices, a dealer said.

Excellent Credit Ratings Assigned To China Taiping Insurance (Macau) - AM Best

KUALA LUMPUR, March 21 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM).

RAM Ratings Maintains Stable Outlook On Malaysian Banking Sector For 2025

KUALA LUMPUR, March 21 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) has maintained a stable outlook on the Malaysian banking sector in 2025 despite external pressure.

PCG’s Olefins And Derivatives Segment To Stay Under Pressure In 1Q 2025 - CIMB

KUALA LUMPUR, March 21 (Bernama) -- Petronas Chemicals Group Bhd's (PCG) olefins and derivatives (O&D) segment is expected to remain under pressure in the first quarter (1Q) of 2025, with plant utilisation projected to hover around 70 per cent, excluding the Pengerang Petrochemicals Complex (PPC), CIMB Securities Sdn Bhd said.

Pharmaniaga Shareholders Approve Regularisation Plan To Exit PN17 At EGM

KUALA LUMPUR, March 20 (Bernama) – Pharmaniaga Bhd is moving forward with its regularisation plan to exit Practice Note 17 (PN17) status following shareholders’ approval of three key resolutions at the group’s extraordinary general meeting (EGM) today.