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Coventry’s LILY Programme Reaches US$1 Bln In Life Insurance-Backed Financing

KUALA LUMPUR, Aug 26 (Bernama) -- Coventry has announced the successful completion of its fourth asset-backed securitisation since April 2025 under its LILY programme, bringing total life insurance-backed financing across the platform to US$1 billion. (US$1=RM4.03)

UOB Malaysia Completes Malaysia's First Brokered MYOR-based Interbank Transaction With RHB, Maybank 

KUALA LUMPUR, Aug 26 (Bernama) -- UOB Malaysia, RHB Banking Group (RHB) and Malayan Banking Bhd (Maybank) have successfully executed the first Malaysia Overnight Rate (MYOR)-based three-month interbank money market transaction, incorporating a two-day lookback calculation convention. 

Ringgit Opens Higher Against US Dollar As US Treasury Yields Ease

KUALA LUMPUR, Aug 26 (Bernama) -- The ringgit opened higher against the US dollar on Wednesday, supported by a softer greenback and easing US Treasury yields, said an analyst. 

Insuring A Nation’s Journey: Malaysia’s Insurance Industry Through The Years

KUALA LUMPUR, 25 Aug (Bernama) -- It goes without saying the insurance sector played a vital role from Malaysia’s pre-independence era to the present day in providing financial protection to individuals, businesses, mobilising capital and act as a stabilising factor during economic crises.

Nur Sabrina’s Dessert Journey: A Sweet Dream Come True

By Muhammad Fawwaz Thaqif Nor Afandi

SUNGAI BULOH, Aug 25 (Bernama) -- What started as a small venture selling Malaysian ice cream during the COVID-19 pandemic has grown into a thriving dessert business for Nur Sabrina Md Salleh.

Monsoon May Ease ‘Super El Nino’ Potential Impact On Palm Oil Output

By Danni Haizal Danial Donald

KUALA LUMPUR, Aug 25 (Bernama) – The upcoming monsoon season in December is expected to help mitigate the potential impact of a Super El Niño weather phenomenon on Malaysia’s palm oil production, said Malaysian Palm Oil Council (MPOC) chief executive officer Belvinder Sron.

CPO Futures End Lower On Profit-taking, Weaker Crude Oil

By Muhammad Fawwaz Thaqif Nor Afandi

KUALA LUMPUR, Aug 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, weighed down by profit-taking and weaker crude oil prices.

SunCon 2Q Net Profit Rises To RM103.58 Mln

KUALA LUMPUR, Aug 24 (Bernama) -- Sunway Construction Group Bhd’s (SunCon) net profit for the second quarter ended June 30, 2026 (2Q 2026) increased to RM103.58 million from RM83.89 million a year earlier, driven by contributions from all segments.

Ringgit Ends Lower Against Greenback Amid 'Economic D-Day' Uncertainty

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, Aug 24 (Bernama) -- The ringgit ended lower against the greenback on Monday as the threat of an “economic D-Day” on Iran, policy risks ahead of the Jackson Hole symposium and continued instability in the US Treasury market spurred caution.

Khazanah Seeks More Startups To Scale Via Dana Impak After Skyechip Success

By Karina Imran & Nabilah Saleh

KUALA LUMPUR, Aug 24 (Bernama) -- Khazanah Nasional Bhd has seen strong participation from venture capital players in SkyeChip Bhd’s growth and hopes more Malaysian start-ups will take similar steps to scale and tap funding opportunities under its Dana Impak programme.

Khazanah Deploys RM15 Bln Under GEAR-uP Initiative - Amirul Feisal

KUALA LUMPUR, Aug 24 (Bernama) -- Khazanah Nasional Bhd has deployed RM15 billion to date of its RM25 billion five-year domestic investment commitment under the Ministry of Finance’s GEAR-uP initiative. 

Shape Memory Medical Closes US$10 Mln Financing For Clinical Trials

KUALA LUMPUR, Aug 24 (Bernama) -- Shape Memory Medical Inc, a California-based global medical device company, has closed a US$10 million convertible note financing led by new investor August Global Partners (AGP), joined by fellow new investor Taiwania Capital. (US$1=RM4.03)