Pahang Records Over RM114 Million In Losses From Online Fraud Cases

KUANTAN, Pahang recorded 5,941 online fraud cases, resulting in losses of RM114.6 million, from 2021 to May this year, the State Legislative Assembly was told today.

Pahang Consumer Affairs and Human Resources Committee chairman Sim Chon Siang said …

Bank Negara Keeps OPR Unchanged At 3 pct

KUALA LUMPUR, Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the overnight policy rate (OPR) at 3.00 per cent at its meeting today.

In a statement, the central bank said that at the current OPR level, the moneta…

AmInvestment Bank Raises FBM KLCI Target To 1,660 For End-2024

KUALA LUMPUR, AmInvestment Bank Bhd has raised its base-case end-2024 FTSE Bursa Malaysia KLCI (FBM KLCI) target to 1,660 from 1,635 earlier, supported by robust foreign equity flows and stronger ringgit prospects.

In a research note today, the bank…

Russia Can Tap on Malaysia’s Strength as Global Leader in Islamic Finance — PM Anwar

KUALA LUMPUR, Russia can tap on Malaysia’s strength as a global leader in Islamic finance, said Prime Minister Datuk Seri Anwar Ibrahim.

He said one area ripe for collaboration for the two countries is Islamic finance, where Malaysia is regarded as …

YTL Counters Tumble Amid MACC Investigation Related To 1Bestarinet

KUALA LUMPUR, Shares of YTL Corporation Bhd and YTL Power International Bhd took a hit today after the Malaysian Anti-Corruption Commission (MACC) requested information from YTL Power subsidiary YTL Communications Sdn Bhd (YTL Comms) concerning the 1…

OPR To Remain At 3 Pct Due To Manageable Inflation Pressure – RHB Investment

KUALA LUMPUR, The overnight policy rate (OPR) is expected to remain unchanged at three per cent throughout 2024 due to manageable inflation pressures and stable economic prospects, said RHB Investment Bank Bhd (RHB IB).

The investment bank noted tha…

Steel Hawk Bids For Four Tenders, Plans To Expand Renewable Energy Segment

KUALA LUMPUR, Steel Hawk Bhd is looking to expand its renewable energy (RE) segment and is bidding for one hydroelectric and three solar energy tenders.

The oil and gas services company’s deputy chairman and executive director, Datuk Sharman K Miche…