HLIB: Bank Islam’s Net Financing Margin Expected To Improve In 3Q 2024

KUALA LUMPUR, Bank Islam Malaysia Bhd’s (BIMB) net financing margin (NFM) is expected to continue to broaden in the third quarter of 2024 (3Q 2024) on the back of faster financing growth, benign fixed deposit competition, and the move to lower its bo…

KEENON Robotics’ AI Service Robots Presented At 2024 World Robot Conference

KUALA LUMPUR, KEENON Robotics, a global leader in commercial service robots and solutions has presented its latest smart service solutions with embodied intelligence at the 2024 World Robot Conference from Aug 21 to 25.

Themed “Foster New Quality Pr…

TM Shares Rise Despite 2Q Profit Dip, DNB Agreement Ended

KUALA LUMPUR, Shares of Telekom Malaysia Bhd (TM) rose early Tuesday, despite a lower second-quarter 2024 net profit and a termination notice from Digital Nasional Bhd (DNB) regarding their share subscription agreement.

At 10.45 am, TM’s shares were…

PHB Appoints Raja Arshad As New Independent Non-executive Chairman

KUALA LUMPUR, Pelaburan Hartanah Bhd (PHB) has appointed Raja Tan Sri Arshad Raja Tun Uda as its new independent non-executive chairman, effective Aug 16, 2024, following the retirement of Tan Sri Ahmad Nizam Salleh on Aug 1, 2024.

In a statement to…

AirAsia Enters 2H 2024 With New Penang-Shenzhen, Kota Kinabalu-Shantou Routes

KUALA LUMPUR, AirAsia will operate a total of 33 routes to and from China in the second half (2H) of 2024 with the launch of two new routes, namely Penang-Shenzhen and Kota Kinabalu-Shantou, further solidifying its position as the largest foreign low…

Berkshire Hathaway Specialty Insurance Reveals Asia’s Key Leadership Appointments

KUALA LUMPUR, Berkshire Hathaway Specialty Insurance (BHSI) announced it has appointed Kiran Prakash as Head of First Party Lines, overseeing Energy, Construction and General Property in Asia.

In addition, BHSI also promoted Jessie Yuen to Head of E…

Audit Firm, Audit Partner Fined For Breach Of Partner Rotation Requirement

KUALA LUMPUR, The Securities Commission Malaysia (SC) Audit Oversight Board (AOB) has imposed fines of RM150,000 and RM37,500 on Grant Thornton Malaysia PLT (GTM) and its audit partner, Mohamad Heizrin Sukiman, respectively, for failing to comply wit…