Audit Report: Federal Govt Channels Grants Worth RM39.74 Bln to 1MDB

KUALA LUMPUR, Oct 14 (Bernama) -- The federal government has channelled grants amounting to RM39.74 billion to 1Malaysia Development Bhd (1MDB) from 2019 to 2023.

Malaysia Committed To Exploring New Business Opportunities In Laos

From Sharifah Hunaini Syed Ismail

VIENTIANE, Oct 11 (Bernama) -- Malaysia is committed to exploring new business opportunities in Laos that could benefit both countries and is looking forward to enhancing bilateral cooperation, Prime Minister Datuk Seri Anwar Ibrahim said.

Labuan’s Asia International Exchange Launches Revolutionary Digital Asset Platform

LABUAN, Oct 9 (Bernama) -- The Asia International Exchange (AIX) marked a significant milestone today with the soft launch of its digital asset platform, positioning Labuan as a key financial technology (fintech) hub in the region. 

Moody's Sees Higher Sukuk Issuance In Malaysia In Second Half Of Year

KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia is projected to register a higher sukuk issuance in the second half (2H) of this year despite lower domestic sovereign issuance in the first half (1H), according to Moody’s Ratings.

Sorento Capital To Raise RM57.4 Mln, Targets 200 New Dealers

KUALA LUMPUR, Oct 7 (Bernama) -- Sorento Capital Bhd, a provider of bathroom and kitchen sanitary ware solutions, is set to raise RM57.4 million through its initial public offering (IPO) and plans to recruit 200 new dealers across Malaysia over the next three years.

Malaysian, Indonesia Lead In Islamic Public Finance Innovations

JAKARTA, Oct 4 (Bernama) -- Malaysia and Indonesia are acknowledged as pioneers in developing Islamic public finance instruments within their fiscal policies, according to Indonesia’s Ministry of Finance (MoF).

PMB Investment Appoints Mohd Izwan Izuddin As Chairman

KUALA LUMPUR, Oct 4 (Bernama) -- PMB Investment Bhd, an Islamic fund management company under Pelaburan Mara Bhd, has appointed Datuk Mohd Idzwan Izuddin Ab Rahman as its chairman for a two-year term, effective Sept 30, 2024.

Banking System Continues To Be Strong, Well-positioned To Weather Shocks -- HLIB

KUALA LUMPUR, Oct 4 (Bernama) -- Malaysia’s banking system is strong, well-positioned to weather shocks and supportive of financial intermediation activities, and continues to be backed by healthy capital and liquidity buffers, said Hong Leong Investment Bank (HLIB).

Malaysia, Pakistan Leaders Commit To Enhancing Trade And Commerce - Anwar

From Mohd Haikal Mohd Isa

ISLAMABAD, Oct 3 (Bernama) -- There is a clear commitment from the leadership of Malaysia and Pakistan to resolve any issues that could impede the flourishing trade and commerce between the two countries, said Prime Minister Datuk Seri Anwar Ibrahim.

USIM Expert Highlights Pakistan's ICT Potential For Malaysia

KUALA LUMPUR, Oct 3 (Bernama) -- Industry players in the digital and information and communication technology (ICT) sectors should view Pakistan as a market with significant growth potential for their expertise and innovative products.

Economic Reforms Essential To Withstand Global ‘Slings And Arrows’ - Anwar

From Mohd Haikal Mohd Isa

ISLAMABAD, Oct 3 (Bernama) -- Malaysian Prime Minister Datuk Seri Anwar Ibrahim has reiterated the importance of countries maintaining strong economic fundamentals to withstand the "slings and arrows" of global uncertainties and challenges.

Bank Islam Launches Second Tranche Of Sukuk Wakalah Amounting To RM250 Mln

KUALA LUMPUR, Oct 2 (Bernama) -- Bank Islam Malaysia Bhd has launched its second tranche of additional Tier-1 capital sukuk wakalah from its RM5.0 billion Sukuk Wakalah Programme amounting to RM250 million Perpetual Non-Call five years.