KUALA LUMPUR, Oct 22 (Bernama) -- The remaining net financial burden borne by the government in relation to 1Malaysia Development Bhd (1MDB) is estimated at RM20.1 billion, assuming no further recovery of funds or assets in the future.
KUALA LUMPUR, Oct 22 (Bernama) -- Repayment deferments have since been extended to the families of victims affected by the recent floods along the Nepal-China border, Bank Negara Malaysia (BNM) said.
KUALA LUMPUR, Oct 14 (Bernama) -- Holafly, the global leader in eSIMs for travellers, has launched its Ultra Plan, a new subscription tier combining unlimited mobile data, health and wellbeing services, and help with travel disruptions.
ALOR SETAR, Oct 13 (Bernama) -- Financial literacy and investment awareness need to be strengthened to ensure that Malaysians are capable of making sound financial decisions and avoid becoming victims of increasingly sophisticated online investment scams.
KUALA LUMPUR, Oct 12 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re).
KUALA LUMPUR, Oct 12 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (MECD) is implementing three strategic measures under the recovery plan for Koperasi Permodalan FELDA Malaysia Bhd (KPF) to improve the cooperative’s liquidity and resolve outstanding payments for members’ share redemptions.
KUALA LUMPUR, Oct 12 (Bernama) -- Prosper Trading Sdn Bhd (PTSB) and its joint ultimate offerors will make a conditional mandatory take-over offer for the remaining 52.34 per cent stake in United Malacca Bhd (UMB) at RM6.10 per share to fulfil an outstanding takeover obligation dating back to September 2024.
KUALA LUMPUR, Oct 8 (Bernama) -- AM Best has maintained its stable outlook on Indonesia’s non-life insurance segment, citing resilient macroeconomic fundamentals that continue to support premium growth prospects and insurers’ operating earnings.
KUALA LUMPUR, Oct 7 (Bernama) -- The government has been urged to develop an online dashboard to enable the status of efforts to collect the Federal Government’s Accounts Receivable (ABT) to be monitored regularly.
By Karina Imran
KUALA LUMPUR, Oct 3 (Bernama) -- Financial service providers stand ready to extend appropriate relief and support to the families of the victims affected by the recent floods along the Nepal-China border, in line with applicable laws and regulatory requirements, said Bank Negara Malaysia (BNM).
KUALA LUMPUR, Oct 2 (Bernama) -- The ringgit opened higher against the US dollar and most major currencies on Friday, supported by stronger demand for the local currency despite firmer US economic data that strengthened the greenback.
By Niam Seet Wei
KUALA LUMPUR, Sept 30 (Bernama) -- A targeted input tax credit mechanism for business-to-business transactions should be considered if selected goods and services tax (GST) features are incorporated into the sales and service tax (SST) framework, said KPMG Malaysia.
