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)

Bank Islam Net Profit Up 9.8 Pct To RM139.12 Mln In 2Q

KUALA LUMPUR, Aug 26 (Bernama) -- Bank Islam Malaysia Bhd's net profit for the second quarter ended June 30, 2026 (2Q 2026) rose by 9.8 per cent to RM139.12 million from RM126.68 million a year ago, driven by higher net income and lower total overheads. 

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. 

Kuala Lumpur Kepong Shares Down 0.45 Pct In Early Trade

KUALA LUMPUR, Aug 26 (Bernama) -- Kuala Lumpur Kepong Bhd’s (KLK) share price slid 0.45 per cent in early trade today, following a recent third-quarter (3Q FY2026) net loss for the current financial year.

Petronas Dagangan's Share Price Up 1.60 Pct In Early Trade

KUALA LUMPUR, Aug 26 (Bernama) -- Petronas Dagangan Bhd’s share price rose 1.60 per cent in early trade on Wednesday after the company posted a higher net profit in the second quarter ended June 30, 2026 (2Q 2026).

Shipping, Logistics Ecosystem Needs Investment To Keep Pace With Cargo Growth -- SAM

KUALA LUMPUR, Aug 26 (Bernama) -- Malaysia needs to address the lack of investment across its shipping and logistics ecosystem as gateway cargo grows while capacity in supporting industries shrinks, said Shipping Association Malaysia (SAM) chairman Ooi Lean Hin.

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. 

Asia-Pacific Airlines To Maintain Growth Despite Cost Headwinds - S&P

KUALA LUMPUR, Aug 25 (Bernama) -- Asia-Pacific airlines are strengthening their defences against industry headwinds by continuing to invest heavily in fuel-efficient aircraft, supported by long-term demand prospects, lower debt following the pandemic and a diverse funding mix, S&P Global Ratings said.

Malaysia Carves Premium Niche In Asia's Digital-Infra Race - Economist

By Nor Baizura Basri

KUALA LUMPUR, Aug 25 (Bernama) -- Malaysia is carving out a premium niche in Asia's digital-infrastructure race, combining scalable power, connectivity, execution speed, industrial depth and hyperscale capital, says an economist.

Sidec’s Selangor Triple Accelerator Programme Showcases 90 Startups

KUALA LUMPUR, Aug 24 (Bernama) -- The Selangor Triple Accelerator Programme 2026 Showcase, held from Aug 18 to 20, provided 90 startups with a platform for live pitching, product showcases and industry engagement, enabling them to build, refine and strengthen their businesses.

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.

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.