Tag: malaysia

RAM Ratings assesses Malaysian banking sector's strength, noting less than 25% bond investments and robust regulatory oversight differentiating local banks from SVB's risky investment strategy.

Maybank introduces an integrated financing solution for electric and hybrid vehicle owners, covering comprehensive financing, insurance, and charging station access. The initiative aligns with the bank's sustainability objectives and supports the government's vision to increase EV market share to 38% by 2040.

Moody's Investors Service predicts Malaysia, Indonesia, and Turkiye will become the largest sovereign sukuk issuers in 2023-2024. Malaysia's fiscal deficit is expected to decrease to around 5% of GDP, supporting annual sovereign sukuk issuance of US$20-22 billion.

The Malaysian Palm Oil Board reported a 6.56% decrease in palm oil stockpiles to 2.11 million tonnes in February 2023. Crude palm oil stocks fell 7.69% to 1.16 million tonnes, while production declined 9.35% to 1.25 million tonnes. Oleo-chemical exports increased 8.13% to 228,088 tonnes.

PETALING JAYA: As investors seek refuge in better yielding stocks amid recessionary fears, banks may notice an increase in interest. Despite the fact that financial...

MBSB Bank and Prec Real Estate signed an MoU to support small businesses by introducing real-time retail payment platforms like DuitNow. The collaboration aims to reduce operational costs and simplify financial management for entrepreneurs in SACC Mall and PKNS Complex, encouraging digital payment adoption among SMEs.

Following Miti's approval for Tesla to import battery electric vehicles, several Malaysian EV-linked stocks experienced significant gains, including KESM Industries, Pentamaster, and Genetec Technology.

Datuk Liew Chee Ming highlights potential for Chinese investors to support Malaysia's low-carbon development, particularly in high-tech industries like electric vehicle manufacturing, following China's economic recovery.

Malaysia's Department of Statistics reports a significant rise in total trade for December 2022, reaching RM236.0 billion. Exports increased by 6.0% to RM131.9 billion, while imports grew 12.0% to RM104.1 billion. The annual trade milestone of RM2.8 trillion was achieved, with states like Johor and Sarawak contributing to the export performance.

Rapid Synergy Bhd's chairman, Yu Kuan Chon, deceived shareholders with fraudulent misrepresentation in the 2021 Annual Report. The company hid related parties to avoid a mandatory takeover offer.