AmBank Group's Net Profit Rises 0.8 Pct To RM520.23 Mln In 1Q FY2027

KUALA LUMPUR, Aug 18 (Bernama) -- AMMB Holdings Bhd (AmBank Group) recorded net profit of RM520.23 million in the first quarter ended June 30, 2026 (1Q FY2027), an increase of 0.8 per cent, as compared with RM516.18 million in the same period of FY2026.

Digital Economy On Track To Account For 30 Pct Of GDP By 2030

KUALA LUMPUR, Aug 18 (Bernama) -- The digital economy is on the right track to account for 30 per cent of the nation’s gross domestic product (GDP) by 2030, said Digital Minister Gobind Singh Deo.

Bursa Malaysia Ends Lower Amid Geopolitical, Global Growth Concerns

KUALA LUMPUR, Aug 17 (Bernama) -- Bursa Malaysia ended lower on Monday as investor sentiment weakened amid renewed concerns over geopolitical tensions and global economic growth, an analyst said.

PIDM Appoints Afiza Abdullah As CEO Effective Aug 28

KUALA LUMPUR, Aug 17 (Bernama) -- Perbadanan Insurans Deposit Malaysia (PIDM) has appointed Afiza Abdullah as its chief executive officer (CEO) for a three-year term, effective Aug 28, 2026, succeeding Rafiz Azuan Abdullah, who has led the organisation for nine years.

IDFC FIRST Bank Receives Inaugural Investment-Grade Ratings From S&P

KUALA LUMPUR, Aug 17 (Bernama) -- IDFC FIRST Bank, one of India's fast-growing private banks, has received its inaugural international investment-grade issuer credit ratings from S&P Global Ratings, with a ‘BBB-’ long-term rating and ‘A-3’ short-term rating, both with a stable outlook.

Affin Bank's 2Q Net Profit Falls To RM127.52 Mln

KUALA LUMPUR, Aug 14 (Bernama) -- Affin Bank Bhd’s net profit fell by 11.1 per cent to RM127.52 million in the second quarter ended June 30, 2026 (2Q 2026) compared to RM143.48 million in 2Q 2025.

Maxis Appoints CEO Goh Seow Eng As Executive Director

KUALA LUMPUR, Aug 13 (Bernama) -- Maxis Bhd has announced the appointment of its chief executive officer (CEO) Goh Seow Eng to its board of directors effective today.

Singapore Entity Secures Green Financing For Johor Data Centre Campus

KUALA LUMPUR, Aug 13 (Bernama) -- ST Telemedia Global Data Centres (STT GDC) has secured a green financing facility of up to US$1.37 billion (RM5.6 billion) to support the development of its flagship Malaysian data centre campus in Johor.

Putrajaya Perdana Acquisition Approval Took Place While The Company Was Under Jho Low’s Control

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Aug 11 (Bernama) – The entire approval process for Lembaga Tabung Haji’s (TH) purchase of a 30 per cent stake in Putrajaya Perdana Bhd in 2014 took place when the company was said to be under the control of Low Taek Jho, or Jho Low, through Utama Banking Group Bhd (UBG Bhd).

Singapore Raises 2026 GDP Growth Forecast To 4.5-5.5 Pct On Stronger Global AI Expenditure Outlook

By Anas Abu Hassan

SINGAPORE, Aug 11 (Bernama) -- The Ministry of Trade and Industry (MTI) has raised Singapore's 2026 gross domestic product (GDP) growth forecast to between 4.5 and 5.5 per cent, raising it from an earlier projection of 2.0-4.0 per cent.

Quarterly Performance Disclosure Could Boost Confidence In Tabung Haji

KUALA LUMPUR, Aug 10 (Bernama) -- Tabung Haji (TH) should announce its financial and investment performance on a quarterly basis -- as practised by the Employees Provident Fund (EPF) -- as a measure to strengthen transparency and boost depositor confidence.

Sia Expands Australia Presence With Seven Consulting Acquisition

KUALA LUMPUR, Aug 10 (Bernama) -- Sia, a global management consulting group, has expanded its international presence with the acquisition of Seven Consulting, an Australian management consulting firm.