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).

Ringgit Higher Against US Dollar In Early Trade

KUALA LUMPUR, Dec 6 (Bernama) -- The ringgit advanced against the US dollar in early trade on Friday ahead of the US non-farm payrolls (NFP) data that will be released later today, said an analyst.  

Deleum Acquires 70 Pct Stake In Indonesia’s PT OSA For RM31.3 Mln

KUALA LUMPUR, Dec 5 (Bernama) -- Deleum Bhd’s (Deleum) wholly-owned subsidiary, Deleum Services Sdn Bhd, today has signed a share purchase agreement to acquire a 70 per cent stake in PT OSA Industries Indonesia Pte Ltd (PT OSA) for US$7 million (RM31.3 million).

Ringgit Strengthens Against US Dollar In Early Trade

KUALA LUMPUR, Dec 5 (Bernama) -- The ringgit strengthened against the US dollar in early trade on Thursday on the back of improved buying sentiment towards the domestic currency, said an analyst. 

Malaysia Has Potential To Become Regional Hub For EV Production - Fadillah

KUALA LUMPUR, Dec 4 (Bernama) -- Malaysia has the potential to become a regional hub for electric vehicle (EV) production and innovation, said Deputy Prime Minister Datuk Seri Fadillah Yusof. 

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.

CPTPP: Malaysia-UK FTA Will Boost Trade And Investment - Tengku Zafrul

KUALA LUMPUR, Dec 3 -- The first comprehensive Free Trade Agreement (FTA) between Malaysia and the United Kingdom (UK), through the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), will boost trade and investment relations between both countries. 

Govt To Simplify Cross-border Approvals To Enable Efficient Fund Flows -- Amir Hamzah

KUALA LUMPUR, Dec 3 (Bernama)  – The government will simplify financial cross-border approvals under the Foreign Exchange Policy, enabling funds to flow efficiently based on their mandate size to ensure Malaysia remains competitive in attracting foreign venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Malaysia Positioned As Strategic Gateway For ASEAN-China Co-operation - Ahmad Zahid

KUALA LUMPUR, Dec 2 (Bernama) -- Malaysia plays a crucial role in connecting the ASEAN region to global markets as a strategic hub in Southeast Asia, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Abang Johari A New Economy Influencer, Says Italy's Nextchem VP

KUCHING, Dec 2 (Bernama) -- Sarawak’s leadership commitment in energy transition earned praises from an Italian senior corporate figure who lauded the state Premier Tan Sri Abang Johari Tun Openg’s unique vision in driving sustainable economic growth.

Malaysia, Indonesia Push For Stronger Cooperation In Palm Oil Industry

By Mohd Iswandi Kasan Anuar

JAKARTA, Nov 29 (Bernama) -- Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani has called for greater cooperation between Malaysia and Indonesia to address the regulatory challenges facing the global palm oil industry.

IBR Pushes For Energy Efficiency, Modernisation

By M. Saraswathi

KUALA LUMPUR, Nov 26 (Bernama) -- Incentive-Based Regulation (IBR), a bold transformation for Malaysia’s energy sector, is a framework used by regulators to determine efficient costs and their recovery for electricity supply and services.