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Restructuring Of DFIs In Line With National Agenda, To Strengthen Govt Institutions

KUALA LUMPUR, Dec 5 (Bernama) -- The restructuring of the Development Financial Institutions (DFIs) involving Bank Pembangunan Malaysia Bhd (BPMB), Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), and Export-Import Bank of Malaysia Bhd (EXIM Bank) is in line with the national agenda to implement reforms and strengthen government-owned institutions, said the Ministry of Finance (MoF).

EBC, Oxford Discuss Balancing Economic Growth, Climate Resilience

KUALA LUMPUR, Dec 5 (Bernama) -- EBC Financial Group (EBC), in partnership with the Oxford Department of Economics, hosted a pivotal session in the “What Economists Really Do?” (WERD) series amid the growing challenges of climate change and economic instability.

Ensure Budget And Economic Growth Benefits Reach Grassroots - PM Anwar

PUTRAJAYA, Dec 5 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the country's budget and development framework is aimed at not only driving economic growth but also ensuring that its benefits reach the grassroots level.

AKPK Unites Financial Institutions And Media To Promote Financial Literacy

KUALA LUMPUR, Dec 4 (Bernama) -- The Credit Counselling and Debt Management Agency (AKPK) recently organised the “Row and GROW Towards Financial Resilience” programme, designed to promote teamwork, strengthen relationships, and foster camaraderie with financial providers. 

MOF: 13 Pct Of AKPK Borrowers Fully Settle RM3.2 Bln Debt

KUALA LUMPUR, Dec 4 (Bernama) -- A total of 13 per cent of the 477,571 borrowers registered with the Credit Counselling and Debt Management Agency (AKPK) have fully settled debts exceeding RM3.2 billion, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Govt To Simplify Cross-border Approvals To Enable Efficient Fund Flows -- Amir Hamzah

KUALA LUMPUR, Dec 3 (Bernama)  – The government will simplify financial cross-border approvals under the Foreign Exchange Policy, enabling funds to flow efficiently based on their mandate size to ensure Malaysia remains competitive in attracting foreign venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Syarikat Takaful Malaysia Keluarga Posts Higher 3Q Net Profit Of RM100.65 Mln

KUALA LUMPUR, Nov 29 (Bernama) -- Syarikat Takaful Malaysia Keluarga Bhd has posted a higher net profit of RM100.65 million in the third quarter ended Sept 30, 2024 (3Q 2024) compared to RM91.10 million in the same period last year.

Malaysia Positioned As Strategic Gateway For ASEAN-China Co-operation - Ahmad Zahid

KUALA LUMPUR, Dec 2 (Bernama) -- Malaysia plays a crucial role in connecting the ASEAN region to global markets as a strategic hub in Southeast Asia, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

OFS-SIDREC Merger Is In Final Process Of Completion

KUALA LUMPUR, Dec 2 (Bernama) -- The Ombudsman for Financial Services (OFS) and Securities Industry Dispute Resolution Centre (SIDREC) are in the final process of merger completion towards the full operation of the Financial Markets Ombudsman Service (FMOS) by 2025, according to Deputy Finance Minister Lim Hui Ying.

GLICs Continue To Improve Investment Evaluation Process And Monitoring - Amir Hamzah

KUALA LUMPUR, Dec 2 (Bernama) -- Government-linked investment companies (GLICs) including Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) will continue to monitor and improve governance in investment evaluation processes, said Finance Minister II Datuk Seri Amir Hamzah Azizan today. 

EMGA Secures US$30 Mln Debt Financing For Uzbekistan’s Ipak Yuli Bank

KUALA LUMPUR, Dec 2 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has completed its first transaction for Ipak Yuli Bank in Uzbekistan, securing US$30 million from the OPEC Fund for International Development (OPEC Fund). (US$1=RM4.44)

Bursa Malaysia Boosted By RM207.7 Mln From Local Institutions Last Week

KUALA LUMPUR, Dec 2 (Bernama) -- Local institutions were net buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.