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Ringgit Ends Higher Against US Dollar On Dovish Signal From The Fed

By Danni Haizal Danial Donald

KUALA LUMPUR, March 20 (Bernama) -- The ringgit ended higher against the US dollar on Thursday as the US Federal Reserve (Fed) maintained its benchmark interest rate but signalled that the rate-cutting narrative remained on track.

CBP To Strengthen Capital Position To Support Business Expansion

KUALA LUMPUR, March 20 (Bernama) -- Co-opbank Pertama (CBP) will continue to monitor its capital position and ensure that it remains at an optimal level to support its business expansion.

Foreign Investors Boost Presence In Domestic Market; Trading Share Surges 36.2 Pct In 2024

KUALA LUMPUR, March 20 (Bernama) – Foreign investors’ participation in the domestic market has increased in 2024, accounting for 36.20 per cent of total trading activity, up from 29.51 per cent in 2023.

Uncertainty, Geopolitical Risks To Shape Malaysia’s Capital Market In 2025 – SC

KUALA LUMPUR, March 20 (Bernama) -- The Securities Commission Malaysia (SC) said the Malaysian capital market in 2025 will remain influenced by key risk factors, including uncertainties in financial conditions.

Aznan Abdul Aziz Appointed Deputy Governor Effective April 1, 2025 -- BNM

KUALA LUMPUR, March 14 (Bernama) -- Bank Negara Malaysia (BNM) said the Finance Minister has approved Aznan Abdul Aziz’s appointment as deputy governor for a three-year term effective April 1, 2025.

Majority Of Local Banks Hold Above-Average ESG Ratings

KUALA LUMPUR, March 10 (Bernama) -- Majority of Malaysian banks have environmental, social and corporate governance (ESG) ratings that surpass average benchmarks, aligning well with international standards and rivaling those of Singapore banks, said CIMB Securities Sdn Bhd.

IMF Sees Malaysia Growing 4.7 Pct In 2025, Urges Sustained Fiscal Consolidation

KUALA LUMPUR, March 4 (Bernama) -- Malaysia’s strong growth momentum is expected to continue in the near term, with the economy projected to expand by 4.7 per cent this year, the International Monetary Fund (IMF) said.  

Thailand’s Non-life Insurance Market Rebounds With Strong Profits In 2023, Says AM Best

KUALA LUMPUR, March 3 (Bernama) -- Thailand’s non-life insurance market made a strong recovery in 2023, posting an underwriting gain of 13.0 billion Thai baht following a net underwriting loss of 50.7 billion Thai baht in 2022, according to a new AM Best report. (100 Thai baht = RM13.02)

RHB Bank's Net Profit Surges To RM3.12 Bln In FY2024

KUALA LUMPUR, Feb 27 (Bernama) -- RHB Bank Bhd’s net profit increased to RM3.12 billion in the financial year ended Dec 31, 2024 (FY2024) from RM2.81 billion in FY2023, driven by strong total income growth.

Govt, BNM Continue To Strengthen Trade And Investment Mechanisms In Local Currency

KUALA LUMPUR, Feb 27 (Bernama) – The government and Bank Negara Malaysia (BNM) will continue to strengthen and improve existing channels and mechanisms to facilitate trade and investment transactions in the local currency.

AmBank Group’s 3Q Net Profit Falls To RM486.49 Mln

KUALA LUMPUR, Feb 20 (Bernama) -- AMMB Holdings Bhd (AmBank Group) posted a lower net profit of RM486.49 million for the third quarter (3Q) ended Dec 31, 2024, down from RM543.41 million a year earlier.  

IILM: US$710 Mln Short-term Sukuk Oversubscribed By 2.15 Times

KUALA LUMPUR, Feb 18 (Bernama) -- The International Islamic Liquidity Management Corp (IILM) has completed the reissuance and issuance of an aggregate of US$710 million (US$1=RM4.440) short-term sukuk, spread across two different tenors: one-month and three-month maturities.