Ringgit Extends Gains On Softer US Data, Fed Rate Cut

KUALA LUMPUR, Dec 12 (Bernama) -- The ringgit opened firmer against the greenback for a second day, buoyed by softer US data and the Federal Reserve (Fed)’s 25-basis-point lending rate cut.

Malaysia Has Comprehensive Legal Framework On Proliferation Financing - Task Force

KUALA LUMPUR, Dec 11 (Bernama) -- Malaysia has a comprehensive legal and regulatory framework for targeted financial sanctions (TFS)  related to proliferation financing (PF) pursuant to the United Nations Security Council Resolution (UNSCR) and its successor resolutions.

AGX Group Proposes Bonus Issue Of Up To 108.22 Mln Warrants

KUALA LUMPUR, Dec 11 (Bernama) -- AGX Group Bhd has proposed a bonus issue of up to 108.22 million warrants based on one warrant for every four shares held.

Ringgit Jumps To 4.10 Against Greenback, Highest In Four And A Half Years

By Zufazlin Baharuddin

KUALA LUMPUR, Dec 11 (Bernama) -- The ringgit bounced to the 4.10 level against the US dollar at Thursday’s close, hitting a new high in four years and six months after the US Federal Reserve (Fed) cut interest rates for the third time this year, which weighed on the greenback.

Bursa Malaysia Ends Higher On Fed Rate Cut, Bucks Regional Trend

By Abdul Hamid A Rahman

KUALA LUMPUR, Dec 11 (Bernama) -- Bursa Malaysia’s key index closed higher today, supported by bargain hunting following the United States Federal Reserve’s (Fed) 25-basis-point cut to its benchmark rate, despite a downturn in regional markets.

Watchdog Upgrades Malaysia’s Illicit Finance Rating, Urges More Laundering Prosecutions

KUALA LUMPUR, Dec 11 (Bernama) -- Global financial crime watchdog, the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) in a report published today, revealed that Malaysia has further strengthened its defences against illicit finance since 2015, notably by enhancing its legal framework and supervision of financial and non-financial sectors.

Malaysia's Lonpac Insurance Credit Ratings Affirmed As Excellent - AM Best

KUALA LUMPUR, Dec 11 (Bernama) -- Global credit rating agency, AM Best has affirmed Malaysia’s Lonpac Insurance Bhd (Lonpac) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent).

Abu Dhabi Launches FIDA Cluster To Drive Future Finance

KUALA LUMPUR, Dec 11 (Bernama) -- Abu Dhabi has unveiled the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, a major new initiative aimed at accelerating next-generation financial innovation and strengthening the emirate’s role as a global capital hub.

Cold Storage Reopens In Perak With Launch Of Ipoh Outlet

IPOH, Dec 11 (Bernama) -- Upscale supermarket Cold Storage has returned to Perak with the official opening of its new outlet at Sentra Mall Ipoh today, marking a renewed commitment to strengthening its presence within local communities.

Palm Oil Sector Well-positioned To Participate In Carbon Market -- Johari

KUALA LUMPUR, Dec 11 (Bernama) -- Minister of Plantation and Commodities Datuk Seri Johari Abdul Ghani said the palm oil sector is well-positioned to participate in the carbon market, having already embedded sustainability and circular-economy practices across its value chain.

Fed Rate Cut Pushes Ringgit To Four-year Peak Vs Greenback

KUALA LUMPUR, Dec 11 (Bernama) -- The ringgit opened at its strongest level in more than four years against the greenback after the US Federal Reserve (Fed) cut its benchmark lending rate by 25 basis points (bps).

Chin Hin Disposes Of 44.12 Mln Shares In Signature International Via Off Market Transaction

KUALA LUMPUR, Dec 10 (Bernama) -- Chin Hin Group Bhd has disposed of 44.12 million ordinary shares in its subsidiary, Signature International Bhd (SIB), at an average price of RM1.36 per share for a total consideration of about RM59.99 million.