KUALA LUMPUR (Mar 11): The Malaysian banking and insurance industries are expected to record lower profit if the severe portfolio outflow persists in the short term, said Bank Negara Malaysia.

 The central bank said in its latest financial stability and payment systems report that ...

Malaysian banks, insurers to see lower profit on portfolio outflow - Bank Negara

KUALA LUMPUR (Mar 11): Bank Negara Malaysia said its monetary policy this year would be guided by a "contained" domestic inflationary trend and downside risks from global growth prospects.

According to Bank Negara Malaysia's latest annual report, the potential divergence in monetary pol...

Malaysia's monetary stance takes cue from tamer inflation, downside growth risks - Bank Negara

KUALA LUMPUR (Mar 11): Bank Negara Malaysia said Malaysia’s Islamic banking segment expanded 12% in 2014, accounting for 25.6% of total assets in the domestic banking system.

In its latest financial stability and payment systems report, the central bank said the domestic Islamic banking...

Malaysian Islamic banking sector grows 12%

KUALA LUMPUR (Mar 11): Malaysia's economic growth is seen moderating to between 4.5% and 5.5% this year mainly on domestic demand as crucial domestic sectors continue to expand amid weaker exports, according to Bank Negara Malaysia's latest annual report.

The central bank said domestic ...

Malaysia's 2015 GDP growth seen moderating to 4.5%-5.5% - Bank Negara

KUALA LUMPUR (Mar 11): Bank Negara Malaysia said Malaysia’s debt securities remained the largest in South East Asia in 2014, at 104.4% of gross domestic product (GDP).

In the central bank’s financial stability and payment systems report 2014, BNM said total outstanding debt securities g...

Malaysian debt securities largest in South East Asia - Bank Negara

KUALA LUMPUR (Mar 11): The high level of household debt in Malaysia is expected to stay over the next few years given the relatively long average remaining maturity of 10 years for the borrowings, Bank Negara Malaysia said.

According to Bank Negara's latest financial stability and payme...

Malaysia's high household debt to stay but growth seen moderating - Bank Negara

Global shares slid on Thursday, after Facebook owner Meta Platforms and Microsoft both warned of accelerating costs for artificial intelligence (AI), while evidence of strong US economic growth kept the dollar underpinned.

World stocks fall as Big Tech overshadows upbeat economy

Another two individuals, including a foreigner who is the chairman of a company awarded a project for purchasing paddy fertilisers by an agricultural organisation, have been remanded for five days from Thursday.

Two more arrested in paddy fertiliser procurement case

Shell plc kept up the pace of its share buybacks after profit fell less than expected amid rising sales volumes of natural gas. 

It is the latest major oil company to maintain healthy investor returns despite reporting weaker earnings, with the outlook for the global economy deteriorating just as supply becomes more abundant. The company repurchased US$3.5 billion (RM15.3 billion) of shares in the third quarter, matching the prior period.

Shell maintains buybacks as gas growth offsets weaker oil

Toyota Motor Corp and Nippon Telegraph and Telephone Corp (NTT) have agreed to invest billions to develop autonomous-driving software assisted by artificial intelligence (AI).

Toyota, NTT to invest US$3.3b in AI, autonomous driving

ING Groep NV shares rose after the lender unveiled a €2 billion (US$2.2 billion or RM9.52 billion) stock buyback and lifted its outlook for full-year revenue. 

The lender now expects revenue to be more than €22.5 billion this year, up from an earlier forecast of more than €22 billion. The move came after profit topped analyst estimates in the third quarter as fees rose 11%.

ING announces €2b share buyback, lifts full-year revenue outlook

The leader of a small Japanese political party that could become a useful ally for a weakened government dug in his heels over a demand for income tax breaks in return for support for the ruling Liberal Democratic Party (LDP).

Japan's Tamaki, leader of small party, digs in over tax demand to support ailing LDP

Hong Kong’s securities watchdog toned down its guidelines for so-called market sounding practices after incorporating feedback from the hedge fund and banking industry.

Hong Kong dials back market-sounding rules for listed shares

Communications Minister Fahmi Fadzil said Permodalan Nasional Bhd (PNB) and Khazanah Nasional Bhd should be given time to explain their RM43.9 million losses after selling their stakes in e-commerce platform FashionValet Sdn Bhd for RM3.1 million.

Let PNB, Khazanah explain RM43.9m losses from selling FashionValet stakes, says Fahmi

Effective from Jan 1 next year, applications for the Sarawak-Malaysia My Second Home (S-MM2H) programme must comply with new requirements, said State Tourism, Creative Industry and Performing Arts Minister Datuk Seri Abdul Karim Rahman Hamzah.

New requirements from Jan 1 for Sarawak-Malaysia My Second Home programme

Datuk Seri Wong Sze Chien and Seah Ley Hong have emerged as substantial shareholders of property developer Magna Prima Bhd (KL:MAGNA) through their private vehicle, Edxus Solutions Sdn Bhd.

Magna Prima sees new substantial shareholders

Days after taking charge of Southeast Asia’s biggest economy, Indonesia’s president needs a plan to deal with rising borrowing costs for key state-owned enterprises (SOEs) carrying US$186 billion&nbsp;(RM814.49 billion) of debt.

Indonesia’s new president faces US$186b debt dilemma

Petros, the Sarawak government-owned oil and gas (O&amp;G)&nbsp;company, is allocating&nbsp;about RM40 billion over the next five years for its capital expenditure (capex), according to its&nbsp;chairman&nbsp;Tan Sri Dr Hamid Bugo.

Sarawak's Petros to allocate RM40b for capex over five years

Global&nbsp;stock indices edged lower on Wednesday as a disappointing forecast from Advanced Micro Devices (AMD) weighed on chipmakers, while gold prices rose to a record high as uncertainty ahead of next week's US&nbsp;presidential election drove safe-haven demand.

Stocks fall with chipmakers; gold hits record high

When Jung Yoonseok was looking for an assembly partner for his artificial intelligence (AI) chip startup, he had his pick of almost any country in Asia, including his native South Korea. Instead, the Rebellions strategy chief opted for Taiwan because of what he sees as an unparalleled combination of talent, cost and speed.

AI’s US$1.3 tril future increasingly hinges on Taiwan

The Malaysian Anti-Corruption Commission (MACC) has urged all parties to refrain from speculating about its investigation into the Ministry of Education's (MOE) 1BestariNet service tender.

Don't speculate about 1BestariNet probe — MACC

US&nbsp;stock indices closed lower on Wednesday as chip&nbsp;stocks&nbsp;tumbled and investors awaited a host of corporate earnings.

Microsoft and&nbsp;Meta Platforms reported earnings after the bell, with both beating quarterly revenue estimates.

Wall Street ends lower ahead of megacap earnings

China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles (EVs), two people briefed about the matter said, a move likely to further divide Europe.

China telling carmakers to pause investments in EU countries backing EV tariffs, Reuters reports

Communications Minister Fahmi Fadzil said Permodalan Nasional Bhd (PNB) and Khazanah Nasional Bhd should be given time to explain their RM43.9 million losses after selling their stakes in&nbsp;e-commerce platform FashionValet Sdn Bhd for RM3.1 million.

Samsung Electronics Co&nbsp;is making progress in winning certification from Nvidia Corp&nbsp;for its most advanced artificial intelligence (AI) memory chips, according to an executive, pushing the South Korean company’s stock up as much as 3.6%.

Samsung sees progress in getting Nvidia to use its AI memory

China’s economy showed signs of stabilising after Beijing unleashed the boldest stimulus measures since the Covid-19 pandemic, although an upcoming US election injects uncertainty into the recovery.

China's economy picks up on stimulus push ahead of US election

With the US presidential election around the corner, Rakuten Trade chief executive officer Kazumasa Mise opined that the race between Donald Trump and Kamala Harris could shape the outlook for major sectors on Wall Street.

US election could trigger major sectoral shifts on Wall Street, says Rakuten Trade CEO

AstraZeneca plc’s China president Leon Wang is under investigation by the country’s authorities, as Beijing’s intensifying regulatory scrutiny on the British drug giant reaches its senior ranks.

China widens AstraZeneca probe as country boss investigated

Meta Platforms Inc chief executive officer Mark Zuckerberg will ramp up heavy investments in artificial intelligence (AI) and other futuristic technologies, continuing a years-long tug of war between the company’s long-term bets and the core advertising business that provides the vast majority of Meta’s revenue.&nbsp;

Meta warns of worsening AI losses after sales narrowly beat

Global&nbsp;shares slid on Thursday, after Facebook owner Meta Platforms and Microsoft both warned of&nbsp;accelerating costs&nbsp;for artificial intelligence (AI), while evidence of strong US&nbsp;economic growth kept the dollar underpinned.

PRIME Minister Datuk Seri Anwar Ibrahim has cautioned against rushing to build data centres (DCs), especially if they do not add value to Malaysians in terms of high-income jobs and knowledge sharing.

The cautionary note was issued by the premier in his budget speech on Friday as he emp...

Cover Story: PM urges caution amid data centre buzz

Effective from Jan&nbsp;1 next year, applications for the Sarawak-Malaysia My Second Home (S-MM2H) programme must comply with&nbsp;new requirements, said State Tourism, Creative Industry and Performing Arts Minister&nbsp;Datuk Seri Abdul Karim Rahman Hamzah.

The Malaysian Palm Oil Board (MPOB) is targeting&nbsp;more than 90% of independent smallholders&nbsp;to achieve Malaysian Sustainable Palm Oil (MSPO) certification by the end of next year.

Over 90% of independent smallholders to be MSPO-certified by end-2025, says MPOB

Hong Kong-based insurer AIA Group reported a record value of new business (VONB) for&nbsp;the third quarter on Thursday, driven by strong demand for products in its key markets, China and Hong Kong.

AIA posts record 3Q new business value on China, Hong Kong growth

The government cannot allow more time for social media licensing in efforts to combat online&nbsp;crimes, including paedophilia and scam activities, said&nbsp;Communications Minister Fahmi Fadzil.

BNM Annual Report 2014

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BNM Annual Report 2014

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