IMF Forum Explores How Governments Can Better Navigate Rising Borrowing Costs, Refinancing Pressures

KUALA LUMPUR, May 28 (Bernama) -- The 20th International Monetary Fund (IMF) Public Debt Management Forum explores and discusses how governments can better navigate the challenges of rising borrowing costs and debt refinancing pressures.

ASEAN Adopts Ambitious Economic Plan To Make Next Leap, Renews Quest For A Single Market

A Commentary By M.Saraswathi

KUALA LUMPUR, May 26 (Bernama) -- The leaders of Southeast Asia’s 10-member grouping have adopted an ambitious new economic strategy that envisions a developed ASEAN as the epicentre of growth in the larger Asia-Pacific region, elevating its stature to emerge as the world’s fourth-largest economy.

Saudi Arabia Expands Foreign Market Access With Offshore Securities Licence

KUALA LUMPUR, May 26 (Bernama) -- Over the past decade, Saudi Arabia’s Capital Market Authority (CMA) has steadily opened its financial markets to global investors, attracting foreign holdings of nearly 423 billion Saudi riyals by the end of 2024. (100 Saudi riyals = RM112.50)

AmBank Group Posts Higher FY2025 Net Profit Of RM2 Bln

KUALA LUMPUR, May 26 (Bernama) -- AMMB Holdings Bhd (AmBank Group) posted a 7.1 per cent increase in net profit to RM2.0 billion for the financial year ended March 31, 2025 (FY2025), compared to RM1.87 billion a year ago.

SC Launches Two Initiatives To Drive Maqasid Al-Shariah Adoption In ICM

KUALA LUMPUR, May 26 (Bernama) -- The Securities Commission Malaysia (SC) has unveiled the 40 Hadiths book series on sustainability and ethical sales transactions to promote a deeper understanding of the Islamic perspective on sustainability and Islamic ethics in commercial transactions.

ASEAN Needs Over US$3 Trillion Investment For Energy Transition By 2050 - Fadillah

KUALA LUMPUR, May 26 (Bernama) -- Malaysia has urged ASEAN member states to embrace a fundamental shift in financing strategies to achieve the region’s ambitious energy transition goals, with cumulative investments estimated at over US$3 trillion by 2050.

Ekuinas Announces Appointment Of Aliff Omar As New CEO

KUALA LUMPUR, May 23 (Bernama) -- Ekuiti Nasional Bhd (Ekuinas) has announced the appointment of Aliff Omar Mohamad Omar as its chief executive officer (CEO), effective today.

PNB Pays Out RM14.5 Bln In Income And Bonus Distribution For FY2024

KUALA LUMPUR, May 19 (Bernama) -- Permodalan Nasional Bhd (PNB) paid out a total of RM14.5 billion in income and bonus distribution to unitholders for its 18 fixed price funds (FP) and variable price funds (VP) for the financial year ended Dec 31, 2024 (FY2024) against RM13.3 billion in the previous year.

Affin Bank 1Q Net Profit Rises To RM124.09 Mln, Revenue Jumps To RM543.93 Mln

KUALA LUMPUR, May 19 (Bernama) -- Affin Bank Bhd’s net profit for the first quarter ended March 31, 2025 (1Q 2025) rose to RM124.09 million and revenue jumped to RM543.93 million compared with the same quarter last year.

Main Market-bound Paradigm REIT Aims To Raise RM560 Mln From IPO

PETALING JAYA, May 16 (Bernama) -- Main Market-bound Paradigm Real Estate Investment Trust (Paradigm REIT) aims to raise RM560 million from its initial public offering (IPO).

SC Signs IOSCO EMMoU To Strengthen Market Integrity, Safeguard Investor Interests

KUALA LUMPUR, May 14 (Bernama) -- The Securities Commission Malaysia (SC) today signed the International Organisation of Securities Commissions’ (IOSCO) Enhanced Multilateral Memorandum of Understanding concerning consultation and cooperation and the exchange of information (EMMoU), highlighting its commitment towards maintaining market integrity and safeguarding investor interests.

XOX MD Appointed Chairman Of Hong Kong-Based Nexion Technologies

KUALA LUMPUR, May 14 (Bernama) -- XOX Bhd’s managing director Datuk Kenneth Vun has been appointed chairman at Nexion Technologies Ltd effective May 12, 2025.