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Banks Must Move Beyond AI Adoption To Trusted Implementation -- AICB

KUALA LUMPUR, July 8 (Bernama) -- There is a need for banks to move beyond Artificial Intelligence (AI) adoption towards trusted implementation, backed by stronger governance, assurance, resilience and future-ready talent, said the Asian Institute of Chartered Bankers (AICB).

EIG's MidOcean Secures US$1.13 Bln Investment From Private Department

KUALA LUMPUR, July 8 (Bernama) -- EIG, an institutional investor in the global energy and infrastructure sectors, announced that its liquefied natural gas (LNG) company, MidOcean Energy (MidOcean), has secured a US$1.13 billion investment from the Private Department of Sheikh Mohammed bin Khalid Al Nahyan (Private Department). (US$1=RM4.07)

Modon's Hudayriyat Project Tops 13 Bln Emirati Dirham In Sales

KUALA LUMPUR, July 8 (Bernama) -- Modon has recorded more than 13 billion Emirati dirham in sales within days of launching Hudayriyat Golf Estates on Hudayriyat Island in Abu Dhabi, setting what the company claimed is the highest publicly recorded sales value for a single residential project launch in the United Arab Emirates (UAE). (100 Emirati dirham = RM111.03)

MCE Unveils RM50 Mln Automotive Electronics Manufacturing Hub In Serendah

HULU SELANGOR, July 7 (Bernama) -- MCE Holdings Bhd (MCE) today officially launched the MCE Auto Hub, a RM50 million advanced manufacturing facility in UMW High Value Manufacturing Park, Serendah, that will strengthen the group's design, engineering, manufacturing and research and development capabilities.

Aztiq Promotes Three Executives To Partner

KUALA LUMPUR, July 7 (Bernama) -- Aztiq, an investment company, has promoted David Olafsson, Danny Major and Eunsun Choi to Partner, recognising their significant contributions to the company's growth, investment activities and long-term value creation across the healthcare ecosystem.

PM Anwar Officiates SParK 2026, PUNB Targets RM2.25 Bln In Financing Approval For 2026-2030

PUTRAJAYA, July 4 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim today officiated the launch of SParK 2026: Business Transformation, the flagship platform of Perbadanan Usahawan Nasional Bhd (PUNB).

CAB Launches CAB 2.0 To Support Insurance, Reinsurance Industry Digitalisation

KUALA LUMPUR, July 3 (Bernama) -- The Central Administration Bureau (CAB) has launched CAB 2.0, the enhanced cloud-based version of its Central Administration Bureau Facultative (CABFAC) system, to support the digital transformation of Malaysia's insurance and reinsurance industry.

Ringgit Closes Higher Against US Dollar, Regional Currencies

By Abdul Hamid A Rahman

KUALA LUMPUR, July 2 (Bernama) -- The ringgit ended higher against the US dollar and regional currencies today as the greenback remained subdued following a lack of clear guidance on the United States interest rate outlook.

Reservoir Link Secures Five-Year Appointment As Petronas Panel Contractor

KUALA LUMPUR, July 2 (Bernama) -- Reservoir Link Energy Bhd's 60 per cent-owned subsidiary, Reservoir Link Solutions Sdn Bhd (RLS), has secured a five-year appointment from Petroliam Nasional Bhd (Petronas) as a panel contractor.

SC Appoints New Shariah Advisory Council For 2026-2029 Term

KUALA LUMPUR, July 1 (Bernama) -- The Securities Commission Malaysia (SC) has appointed a new seven-member Shariah Advisory Council (SAC) for a three-year term from July 1, 2026, to June 30, 2029.

SemiconStart Marks Implementation Phase Of Malaysia's Semiconductor Drive -- Amir Hamzah

KUALA LUMPUR, July 1 (Bernama) -- Malaysia's drive to strengthen its semiconductor ecosystem has moved into the implementation stage with the launch of SemiconStart Malaysia, signalling the government's focus on translating plans into tangible industry outcomes.

PAAB Launches Malaysia's First Sustainable Islamic Finance Framework Featuring Blue Finance, Advancing Water Security

KUALA LUMPUR, June 30 (Bernama) -- Pengurusan Aset Air Bhd (PAAB), a wholly owned company of the Minister of Finance (Incorporated), today launched its Sustainable Islamic Finance Framework, marking three national milestones.