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Targeted Diesel Subsidy Rationalisation Not Main Driver Of Rising Manufacturing Costs - MOF

KUALA LUMPUR, Nov 26 (Bernama) -- The Ministry of Finance (MoF) has emphasised that the targeted rationalisation of diesel subsidies starting in June 2024 is not the main cause of the rise in costs of goods in the manufacturing sector, which led to the decline in the Purchasing Managers’ Index (PMI) in July 2024.

Kolmar BNH Spearheads ESG Management Via Eco-friendly R&D

KUALA LUMPUR, Nov 26 (Bernama) -- Kolmar BNH, a Korean health functional food Original Development Manufacturing (ODM) firm, is at the forefront of environmental, social, and governance (ESG) management through eco-conscious research and development (R&D).

AM Best Affirms NongHyup Property and Casualty Insurance’s Ratings

KUALA LUMPUR, Nov 25 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of South Korea’s NongHyup Property and Casualty Insurance Company Limited (NH P&C).

Planworth Strengthens Brand, Competitiveness Through 2TM Platform

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Nov 22 (Bernama) -- Planworth Global Factoring Sdn Bhd, a provider of invoice and supply chain financing, is set to strengthen its brand and competitiveness by joining the MADANI Two-Year Programme (2TM) starting today.

DRB-Hicom Posts RM282.56 Mln Pre-tax Profit For First Nine Months Of FY2024

KUALA LUMPUR, Nov 21 (Bernama) -- DRB-Hicom Bhd posted a pre-tax profit of RM282.56 million for the first nine months ended Sept 30, 2024 (9M FY2024) supported by stable revenue of RM12.23 billion, reflecting a marginal increase of 1.2 per cent compared to the same corresponding period last year.

Hap Seng 3Q 2024 Net Profit Soars Nearly Fourfold To RM193.11 Mln

KUALA LUMPUR, Nov 21 (Bernama) -- Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.

Analysts Remain Bullish On Dialog, Keeping It At 'Buy'

KUALA LUMPUR, Nov 20 (Bernama) -- CIMB Securities Sdn Bhd has maintained its “buy” call for Dialog Group Bhd, with an unchanged target price of RM3, forecasting the group’s performance for financial year 2025 to remain stable, driven by sustained contributions from the upstream and midstream segments.

Malaysia Tops Southeast Asia's Equity Market Performance In 2024 - Deloitte

KUALA LUMPUR, Nov 19 (Bernama) -- Malaysia has attracted significant interest in its equity market, becoming the best performer in Southeast Asia when compared to its regional peers for the first 10 and a half months of this year, according to Deloitte, a global professional services firm.

Air Selangor Plans Strategic Measures To Support Data Centre Industry's Growth

KUALA LUMPUR, Nov 19 (Bernama) -- Pengurusan Air Selangor Sdn Bhd (Air Selangor) has outlined strategic measures to ensure that its capacity will meet the additional demand in line with the data centre industry’s rapid growth.

Banking Sector's Loan Growth To Taper To 4-5 Pct In 2025 - AmInvestment Bank

KUALA LUMPUR, Nov 18 (Bernama) -- AmInvestment Bank expects loan growth in the banking sector to taper to 4.0-5.0 per cent in 2025 on a potential tariff driven slowdown in exports and risk to consumption spending from the RON 95 rationalisation.

Bermuda’s Evergreen Insurance Credit Ratings Downgraded  - AM Best

KUALA LUMPUR, Nov 18 (Bernama) -- AM Best has downgraded the financial strength rating to A- (excellent) from A (excellent) and the long-term issuer credit rating to “a-” (excellent) from “a” (excellent) of Bermuda’s Evergreen Insurance Company Limited (EICL).

Financial Literacy Of Malaysians Has Improved But Still Facing 3 Challenges

KUCHING, Nov 17 (Bernama) -- The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of developed countries, however, there are still three challenges hindering further progress towards becoming a financially literate society.