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Govt To Monitor Implementation Of Interim Measures Related To MHIT Products -- Lim

KUALA LUMPUR, Dec 20 (Bernama) -- The implementation of interim measures to alleviate the impact of premium adjustments for medical and health insurance/takaful (MHIT) products will be monitored continuously to ensure their effectiveness, according to Deputy Finance Minister Lim Hui Ying.

LIAM, MTA, PIAM Announce Interim Measures To Cushion Impact Of Recent Premium Repricing

KUALA LUMPUR, Dec 20 (Bernama) -- The Life Insurance Association of Malaysia (LIAM), the Malaysian Takaful Association (MTA) and Persatuan Insurans Am Malaysia (PIAM) today announced interim measures to support policyholders and participants impacted by the recent premium and contribution repricing.

Govt, ITOs And Private Hospitals To Contribute RM60 Mln To Accelerate Health Reforms -- BNM

KUALA LUMPUR, Dec 20 -- The government, together with insurers and takaful operators (ITOs) and private hospitals, will contribute RM60 million to accelerate health reforms, said Bank Negara Malaysia (BNM).

BNM International Reserves Slip To Us$118.1 Bln As At Dec 13, 2024

KUALA LUMPUR, Dec 20 (Bernama) -- Malaysia's international reserves stood at US$118.1 billion (US$1=RM4.50) as at Dec 13, 2024, compared to US$118.3 billion on Nov 30, 2024.

Banking Sector Thriving In 2024, Sees Major Acquisitions

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.

 

Financial Institutions Block RM302 Mln In Fraudulent, Suspicious Transactions Since Sept 2024 - Lim

KUALA LUMPUR, Dec 19 (Bernama) -- Financial institutions in the country have successfully blocked a total of RM302 million in fraudulent and suspicious transactions as of September 2024, said Deputy Finance Minister Lim Hui Ying. 

MOF: Low Instances Of Using Cryptocurrency In Money Laundering

KUALA LUMPUR, Dec 18 (Bernama) -- The Ministry of Finance (MoF) has found that instances of using cryptocurrency as a medium for money laundering in Malaysia are low.

Neurogine, PIKAP Partner For Cross-border Remittance Programmes In 2025

By Jailani Hasan

LABUAN, Dec 6 (Bernama) -- The Malaysian National Association of Employment Agencies (PIKAP), representing key foreign labour employment agencies in the country, has signed a memorandum of understanding (MoU) with Neurogine Sdn Bhd to initiate cross-border remittance programmes. 

NAMLIFA Urges BNM, MOF To Order Temporary Halt In Medical Premium Repricing

KUALA LUMPUR, Dec 6 (Bernama) -- The National Association of Malaysian Life Insurance and Financial Advisors (NAMLIFA) has strongly urged Bank Negara Malaysia (BNM) and the Ministry of Finance (MoF) to order a temporary halt in the medical premium repricing exercises.

BNM's International Reserves Rise To US$118.3 Bln As At Nov 29, 2024

KUALA LUMPUR, Dec 6 (Bernama) -- Malaysia's international reserves stood at US$118.3 billion (US$1=RM4.41) as at Nov 29, 2024, compared to US$118.0 billion on Nov 15, 2024. 

Malaysian Banks To Record Higher Profits In 2025 -- Economist

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. 

Short-Term Interbank Rates End Steady On BNM Operations

KUALA LUMPUR, Dec 2 (Bernama) -- Short-term interbank rates closed steady today following Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.