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Bursa Malaysia Opens Higher In Line With Wall Street's Upbeat Performance

KUALA LUMPUR, April 30 (Bernama) -- Bursa Malaysia opened higher today, following Wall Street’s upbeat performance driven by falling US Treasury yields and the White House’s easing tariff rhetoric, including a planned rollback of 25 per cent car-related tariffs.

Analysts Positive On F&N's Outlook Despite Lower 2Q FY2025 Net Profit

KUALA LUMPUR, April 29 (Bernama) -- Analysts remained positive on Fraser & Neave Holdings Bhd’s  (F&N) outlook despite the company reporting a lower net profit for the second quarter ended March 31, 2025 (2Q FY2025).

Nestle Shares Soar Despite Reporting Lower 1Q Net Profit

KUALA LUMPUR, April 29 (Bernama) -- Nestle (Malaysia) Bhd shares soared in the morning trading session amid posting lower net profit for the first quarter (1Q) of 2025.

Tower’s Credit Ratings Affirmed By AM Best

KUALA LUMPUR, April 29 (Bernama) -- AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" (Excellent) of New Zealand’s Tower Limited (Tower), with the outlook for both credit ratings (ratings) assessed as stable.

Taiwanese Shinkong Insurance Receives Credit Rating Boost From AM Best 

KUALA LUMPUR, April 28 (Bernama) -- AM Best has upgraded the long-term issuer credit rating (Long-Term ICR) of Taiwan’s Shinkong Insurance Company Limited (Shinkong Insurance) to “a+” (Excellent) from “a” (Excellent), while affirming its financial strength rating (FSR) at A (Excellent).

CIMB Expects Lower 1Q Net Profit For Bursa Malaysia

KUALA LUMPUR, April 24 (Bernama) -- Bursa Malaysia Bhd, which is scheduled to release its first quarter of 2025 (1Q 2025) financial results on April 28, is expected to record a decline in its net profit by 9.8 per cent to 20.4 per cent quarter-on-quarter (q-o-q) and 17.2 per cent to 26.9 per cent year-on-year (y-o-y) to RM55 million-RM62 million.

ADB Deploys Nearly US$40 Bln For Development Across Asia And The Pacific In 2024

KUALA LUMPUR, April 24 (Bernama) -- The Asian Development Bank (ADB) committed US$24.3 billion (US$1 = RM4.39) from its own resources last year, alongside US$14.9 billion in cofinancing with its partners, to address a range of complex development challenges in Asia and the Pacific.

Uni-Fuels Revenue Soars 119 Pct, Faces Profit Headwinds Post-IPO

KUALA LUMPUR, April 23 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), a global marine fuel solutions provider, posted a 119 per cent surge in revenue for 2024, reaching US$155.2 million from US$70.8 million in 2023, driven by a 121 per cent jump in marine fuel sales. (US$1=RM4.38)

Jumio Unveils Cross-Transaction Risk To Strengthen Fraud Detection

KUALA LUMPUR, April 23 (Bernama) -- Jumio, an artificial intelligence (AI)-powered biometric identity verification and compliance solutions provider, has announced the general availability of Cross-Transaction Risk to help businesses detect fraud by connecting identity elements across the Jumio network.

BPHB On Course To Make Bintulu, Samalaju Industrial Ports CCS-enabled Hubs

KUCHING, April 21 (Bernama) -- Bintulu Port Holdings Bhd (BPHB) is advancing the establishment of a carbon capture and storage (CCS) infrastructure at Bintulu Port and Samalaju Industrial Port as part of its long-term sustainability strategy.

Malaysia, China To Deepen Strategic Cooperation In Four Key Sectors 

KUALA LUMPUR, April 17 (Bernama) -- Malaysia and China will deepen economic cooperation by focusing on four key sectors — the digital, green, blue, and tourism economies — with efforts aimed at enhancing integration across industrial, supply, value, data, and talent chains.

Duck Creek Technologies Welcomes General Daniel Hokanson To Board

KUALA LUMPUR, April 16 (Bernama) -- Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointment of retired United States (US) Army General Daniel Hokanson to the company’s board of directors.