Kuala Lumpur: The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting loss…
Kuala Lumpur: Bank Negara Malaysia (BNM) emphasised that structural reforms and policies must take precedence over excessive reliance on international reserves to manage currency fluctuations. In its Annual Report 2024, released today, BNM said that t…
Kuala Lumpur: Orderly domestic market conditions will continue given Malaysia’s deep and liquid financial markets and sound banking system, providing sufficient buffer against global volatility. Bank Negara Malaysia (BNM), in its Financial Stability R…
Kuala lumpur: AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Hong Kong’s Sun Hung Kai Properties Insurance Limited (SHKPI), with a stable outlook. In a statement, the
Kuala Lumpur: Increasing the supply of affordable, mid-tier hospital beds and providing incentives for the expansion of not-for-profit hospitals can help mitigate spiralling medical insurance and medical costs.
According to BERNAMA News Agency, Ban…
Kuala Lumpur: The government is drafting a national strategy to address potential economic challenges, including the creation of the National Geoeconomic Command Centre (NGCC), as announced by Minister of Investment, Trade and Industry Tengku Datuk Se…
