Banking Sector Thriving In 2024, Sees Major Acquisitions

By Karina Imran

KUALA LUMPUR, Dec 10 (Bernama) -- The Sarawak state government’s acquisition of a major stake in Affin Bank Bhd and Public Bank’s purchase of equity in LPI Capital Bhd, plus banks generally being highly profitable, were the major news items in Malaysia’s banking and financial landscape this year.

Bursa Malaysia Opens Lower On Wall Street's Decline

KUALA LUMPUR, Dec 19 (Bernama) -- Bursa Malaysia opened lower today, taking a cue from Wall Street’s overnight declines, said an analyst. 

TEMENOS SELECTED TO MODERNISE AHAM CAPITAL'S FUND ACCOUNTING PLATFORM IN MALAYSIA

KUALA LUMPUR, Dec 18 (Bernama) -- Temenos, an open platform for banking, announced that AHAM Capital has selected its Multifonds Global Accounting, delivered as Software as a Service (SaaS) to drive scalable automation and future growth in the Malaysian market.

Bursa Malaysia Lower In Early Trade, Tracking Wall St Decline

KUALA LUMPUR, Dec 17 (Bernama) -- Bursa Malaysia opened flat today and turned lower thereafter, likely tracking the decline on Wall Street overnight, said an analyst. 

FBM KLCI Ends Lower On Profit-taking, Broader Market Positive

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Dec 6 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) ended the week slightly lower, pulling back from recent gains as profit-taking dominated amid heightened investor caution.

AM Best Affirms Petrolimex Insurance Ratings With Stable Outlook

KUALA LUMPUR, Dec 6 (Bernama) -- Global credit rating agency, AM Best has affirmed Vietnam’s Petrolimex Insurance Corporation (PJICO) financial strength rating of B++ (good), the long-term issuer credit rating of “bbb” (good), and the country National Scale Rating (NSR) of aaa.VN (exceptional).

re:Invent 2024: AWS Launches US$100 Mln Commitment For Digital Learning Solutions

From Anas Abu Hassan

LAS VEGAS, Dec 5 (Bernama) -- Amazon Web Services Inc (AWS) has pledged up to US$100 million (US$1=RM4.40) in cloud credits under the AWS Education Equity Initiative over the next five years to help qualified education organisations around the world to build or scale digital learning solutions.

Diversification Key To Malaysia's Business Survival Amid Global Challenges, Says MIDA CEO

KUALA LUMPUR, Dec 3 (Bernama) -- Diversification of operations and markets has become essential for businesses in Malaysia to stay competitive, said Malaysian Investment Development Authority (MIDA) chief executive officer (CEO) Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid.

Utility, Plantation Stocks Lead Bursa To Close At Intraday High

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Dec 3 (Bernama) -- Bursa Malaysia closed at its intraday high on Tuesday, driven by bargain hunting in selected heavyweight counters, led by utility and plantation stocks.

Bursa Malaysia Opens Higher, Tracking Upbeat Wall Street

KUALA LUMPUR, Dec 3 (Bernama) -- Bursa Malaysia moved higher in early trade today, tracking the upbeat performance on Wall Street overnight.

Bursa Malaysia Ends Marginally Higher

KUALA LUMPUR, Dec 2 (Bernama) -- Bursa Malaysia closed marginally higher today as gains in plantation counters were trimmed by profit-taking activities in selected index-linked financial services heavyweights.

BSN Unit Announces RM4.1 Mln Income Distribution For ASBSN

KUALA LUMPUR, Dec 2 (Bernama) -- Permodalan BSN Bhd (PBSN) has announced an interim and final income distribution of 1.60 sen per unit amounting to RM4.1 million for Amanah Saham Bank Simpanan Nasional (ASBSN) effective Nov 30, 2024.