Microlink Unit Bags RM59.58 Mln Contract Extension For Immigration Screening System

KUALA LUMPUR, Nov 6 (Bernama) -- Microlink Solutions Bhd’s wholly owned unit Microlink Systems Sdn Bhd has secured a 12-month contract extension worth RM59.58 million for the advance passenger screening (APS) system for Jabatan Imigresen Malaysia, bringing the contract's total value to RM137.92 million.

BNM Takes Action Against Two Entities Over Unapproved Advertising Of Foreign Currency Services

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia (BNM) has taken enforcement action against Najmuldin Exchanger and Nusantara Global Network over suspected contraventions of the Financial Services Act 2013 (FSA).

Bursa Malaysia Ends Lower Amid Broad-based Selling

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia ended the week lower amid broad-based selling, tracking weaker regional markets as global equities came under renewed pressure following Wall Street’s sharp decline overnight.

12 Insurance Policies Related To Nepal Disaster Settled, Says Piam

KUALA LUMPUR, Nov 6 (Bernama) -- A total of 12 insurance policies involving Malaysians affected by the floods and landslides in Nepal have been fully settled by insurance companies, according to the General Insurance Association of Malaysia (PIAM).

BNM Has Regulatory Safeguards In Place To Ensure Cyber Resilience of Financial Institutions

By M. Saraswathi and Karina Imran

KUALA LUMPUR, Nov 6 (Bernama) -- Bank Negara Malaysia (BNM) has put in place regulatory requirements for financial institutions to maintain adequate cybersecurity safeguards, continuously strengthening their defences, said Governor Datuk Seri Abdul Rasheed Ghaffour.

Saudi Fund For Development Inks Over US$403 Mln Loans To Rebuild Syria

KUALA LUMPUR, Nov 6 (Bernama) -- The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth over US$403 million with Syria, to rebuild infrastructure and restore public services damaged by years of conflict. (US$1 = RM4.04)

Public Bank 3Q Net Profit Falls 3.8 Pct To RM1.77 Bln

KUALA LUMPUR, Nov 6 (Bernama) -- Public Bank Bhd posted a lower net profit of RM1.77 billion in the third quarter (3Q) ended Sept 30, down from RM1.84 billion, while revenue rose to RM7.74 billion from RM7.41 billion previously.

Bursa Malaysia Extends Losses At Midday On Weak Sentiment

KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia continued its downtrend at midday on Friday, tracking losses among most regional peers as selling in heavyweight counters weighed on the market amid weak sentiment following Wall Street’s overnight rout.

MRM Health, Biocodex Partner On 15 Mln Euros Microbiome Medicine Facility

KUALA LUMPUR, Nov 6 (Bernama) -- Biotech company, MRM Health has formed a strategic partnership with French pharmaceutical company, Biocodex, which will invest 15 million euros in a manufacturing facility for microbiome-based medicines. (1 Euro = RM4.54)

More Than A Smartphone Brand: Xiaomi's Next Chapter In Malaysia

By K. Naveen Prabu

KUALA LUMPUR, Nov 6 (Bernama) -- Xiaomi is expanding beyond the smartphone market as it strengthens its position as a global technology company, with Malaysia playing an important role in its regional growth strategy.

BNM Likely To Raise OPR By 25 Basis Points In 2027 - Analysts

By Siti Radziah Hamzah

KUALA LUMPUR, Nov 6 (Bernama) -- A potential 25-basis-point hike in the Overnight Policy Rate (OPR) to 3.0 per cent is expected in the first quarter of 2027 (1Q 2027) amid resilient economic growth and Bank Negara Malaysia’s (BNM) hawkish tone on inflation, said market observers. 

CelcomDigi Flags 260 Million Scam Calls, Advances ESG Roadmap

By Fatin Umairah Abdul Hamid

PETALING JAYA, Nov 5 (Bernama) – With digital scams posing an increasing threat to online users, CelcomDigi Bhd has flagged 260 million suspected scam calls and blocked 22 million short message service (SMS) messages monthly to strengthen customer protection.