Agrobank Disburses Record Financing Of RM10.44 Bln In 2024
KUALA LUMPUR, March 26 (Bernama) -- Agrobank recorded its highest financing disbursement of RM10.44 billion and achieved outstanding performance across all sectors in 2024.
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Islamic Financing To Maintain 8.0 Pct Growth In 2025 – RAM Ratings
KUALA LUMPUR, March 26 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) expects Islamic financing to expand at a steady eight per cent growth rate in 2025 despite global challenges and uncertainties.
Bursa Malaysia Starts Firmer On Upbeat Sentiment
KUALA LUMPUR, March 26 (Bernama) -- Bursa Malaysia opened higher today, tracking overnight gains on Wall Street, analysts said.
IILM Secures US$500 Mln Asset To Meet Growing Sukuk Demand
KUALA LUMPUR, March 25 (Bernama) — The International Islamic Liquidity Management Corporation (IILM) has secured a new high-quality asset worth US$500 million (US$1=RM4.435) as it expands its asset pool to meet the growing demand for its short-term Islamic papers.
PAMB Reaffirms Commitment To BNM interim Measures
KUALA LUMPUR, March 25 (Bernama) -- Prudential Assurance Malaysia Bhd (PAMB) has reaffirmed its commitment to Bank Negara Malaysia’s (BNM) interim measures despite recent reports that it is increasing health insurance premiums.
Mongolian Mining Hits Record US$1.0399 Bln Revenue For FY2024
KUALA LUMPUR, March 25 (Bernama) -- Mongolian Mining Corporation (MMC) reported its financial results for the year ending Dec 31, 2024 (FY2024) with record-high revenue of US$1.0399 billion, slightly up from US$1.038 billion in 2023. (US$1=RM4.43)
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.
BNM: Inflation Likely To Trend At Manageable Level Of 2.0-3.5 Percent In 2025
KUALA LUMPUR, March 24 (Bernama) -- Inflation is expected to trend higher between 2.0 per cent to 3.5 per cent this year compared to an average of 1.8 per cent in 2024, according to Bank Negara Malaysia (BNM).
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.
Economy To Grow 4.5 - 5.5 Percent In 2025 Anchored By Domestic Demand, Exports To Moderate - BNM
KUALA LUMPUR, March 22 (Bernama) — Malaysia's economy is expected to expand by 4.5 per cent to 5.5 per cent in 2025, primarily driven by strong domestic demand and a robust investment landscape with exports expected to moderate amid heightened external uncertainties, Bank Negara Malaysia (BNM) said.
Foreign Investors Pull US$564.9 Mln From Asian Markets, Local Institutions Provide Support - MIDF
KUALA LUMPUR, March 24 (Bernama) -- Foreign investors remained net sellers across eight Asian markets, with total outflows reaching US$564.9 million last week.
Alliance Bank On Right Track Scaling Up Operations
KUALA LUMPUR, March 24 (Bernama) -- Alliance Bank Malaysia Bhd (ABMB) is on the right track to scale up operations following its proposal to undertake a rights issue to raise RM600 million to boost its diminishing common equity tier-1 (CET-1) of 12.4 per cent by +1.1 percentage points (ppts), CIMB Securities Sdn Bhd.