AM Best: Record Reinsurance Capital Tests Underwriting Discipline 

KUALA LUMPUR, Aug 10 (Bernama) -- Global reinsurers are facing increased pressure on pricing as strong earnings since 2023 have driven capital to record levels, raising questions over whether underwriting discipline can be maintained amid growing competition, according to a new report by AM Best.

Ringgit Expected To Stabilise By End-August – Kenanga IB

KUALA LUMPUR, Aug 10 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects the ringgit to stabilise by end-August as the US dollar gives back some of its earlier gains following the US Federal Reserve’s (Fed) decision to keep interest rates unchanged at its July meeting.

Malaysia Can Emerge As A Global Pioneer In Shariah-Compliant Digital Finance

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Aug 9 (Bernama) -- Malaysia possesses the necessary ingredients to be a global pioneer in Shariah-compliant digital finance, driven by the emergence of blockchain innovation and efforts to develop the world's first Shariah-compliant products within crypto banks, a global mobility entrepreneur said.

MPOB Turns Palm Oil Into Water-saving Cooling Solution For Data Centres

By Danni Haizal Danial Donald

KUALA LUMPUR, Aug 9 (Bernama) -- The Malaysian Palm Oil Board (MPOB) has developed Sawit EcoTherm, a palm-based immersion cooling fluid that can significantly reduce water consumption and energy use in data centres while supporting more sustainable digital infrastructure.

Japanese Cuisine To Boost Japan's Agricultural And Seafood Product Exports To Malaysia

KUALA LUMPUR, Aug 9 (Bernama) -- Japanese cuisine, driven by demand for halal food products and rising consumer incomes, will boost exports of Japanese agricultural and seafood products to Malaysia, said Japan External Trade Organisation (Jetro) Kuala Lumpur managing director Koichi Takano.

Two Companies From Melaka Preparing For Bursa Malaysia Listing - Ab Rauf

MELAKA, Aug 8 (Bernama) – Two state government-linked companies in Melaka are preparing to be listed on Bursa Malaysia, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.

Ringgit To Remain Range-bound At 4.07-4.09 Against US Dollar Next Week

KUALA LUMPUR, Aug 8 (Bernama) -- The ringgit is expected to remain range-bound against the US dollar next week, trading between RM4.07 and RM4.09 as investors stay cautious over the direction of the United States interest rates, an analyst said.

Malaysia's Economy Stays Resilient Despite Global Uncertainty - Amir Hamzah

PUTRAJAYA, Aug 7 (Bernama) -- The Malaysian economy remains resilient by recording encouraging growth despite facing global economic uncertainty and geopolitical conflicts, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Ringgit Eases Against US Dollar As Investors Await Key Us Data

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Aug 7 (Bernama) -- The ringgit ended the week marginally lower against the US dollar as investors remained cautious ahead of the release of key United States (US) labour market data, while expectations over the US Federal Reserve's (Fed) interest rate path continued to support the greenback, analysts said.

Selangor Unveils RS-2, Targets RM600 Bln In Economic Value By 2030

SHAH ALAM, Aug 7 (Bernama) -- The Selangor government today unveiled the Second Selangor Plan (RS-2), a five-year economic blueprint outlining six strategic missions across 25 focus areas, with a target of generating RM600 billion in economic value over the plan period. 

Malaysia Needs To Focus On Boosting Financial Ecosystems To Help Local Firms Grow -- Amir Hamzah

PUTRAJAYA, Aug 7 (Bernama) -- Malaysia does not need to create new investment funds but rather focus on strengthening ties between existing financing ecosystems to help local companies grow, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Fortude's AI-Driven Delivery Model Shortens ERP Implementation Timelines

KUALA LUMPUR, Aug 7 (Bernama) -- Fortude, a global digital solutions company, has introduced its artificial intelligence (AI)-driven delivery model for Infor CloudSuite implementations.