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KUALA LUMPUR, March 17 (Bernama) -- The Hire-Purchase (Amendment) Act 2026 (HPAA) continues to allow hire-purchase providers to offer both fixed-rate and variable-rate loans, said Bank Negara Malaysia (BNM).
By Adnan Zaylani
There is a growing realisation across Malaysia that financial literacy is no longer a luxury skill reserved for financially savvy individuals. It is fast becoming a necessity for every household, student, worker, entrepreneur and retiree.
KUALA LUMPUR, March 16 (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 KBFG Insurance (China) Co Ltd (KBFG China) with a stable outlook.
KUALA LUMPUR, March 13 (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 Malaysia’s Energas Insurance (L) Limited (ENERGAS).
KUALA LUMPUR, March 13 (Bernama) -- The ringgit opened higher against a basket of major currencies but weakened against the US dollar on Friday, as escalating tensions in West Asia dampened risk appetite, an economist said.
KUALA LUMPUR, March 12 (Bernama) -- Buy now, pay later (BNPL) use among Malaysian youth raises concern as those aged 30 and below make up about 40 per cent of BNPL transactions in the country, Deputy Finance Minister Liew Chin Tong said.
KUALA LUMPUR, March 12 (Bernama) -- Malaysia’s wholesale and retail trade sales rose 7.3 per cent year-on-year (y-o-y) to RM159.8 billion in January 2026, according to the Department of Statistics Malaysia (DOSM).
KUALA LUMPUR, March 11 (Bernama) -- The Capital Market Masterplan (CMP) 2026-2030, which was launched on Monday, is a positive and timely roadmap aimed at deepening Malaysia’s capital market while expanding its size significantly over the long term, an economist said.
KUALA LUMPUR, March 11 (Bernama) -- AM Best has commented that the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Australia’s Guild Insurance Limited (GIL) remain unchanged following the announcement of its new strategic partnership with EML Group.
By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, March 9 (Bernama) -- Affin Group today distributed 350 iftar food packs to the staff of the Malaysian National News Agency (Bernama) at Wisma Bernama.
KUALA LUMPUR, March 9 (Bernama) -- The Consumer Credit Commission (SKP) has announced the appointment of former Bank Negara Malaysia (BNM) assistant governor Abu Hassan Alshari Yahaya as its executive chairman to lead the first leadership line-up following the enforcement of the Consumer Credit Act 2025 on March 1, 2026.
KUALA LUMPUR, March 9 (Bernama) -- Malaysia's economic performance last year, which recorded 5.2 per cent growth, is expected to cushion the country against global economic uncertainties and bolster its performance in the first quarter (1Q) of this year, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
