BusinessToday's Trending Stories
BNM Tackles Skyrocketing Healthcare Premiums Head-On
In response to concerns over escalating healthcare insurance premiums and the surge in healthcare service utilisation raised by Khoo Poay Tiong (PH-Kota Melaka), Deputy Minister of Finance, Lim Hui Ying said that Bank Negara Malaysia (BNM) has implemented various measures to ensure the sustainability and affordability of Medical and Health Insurance and Takaful (MHIT) products.
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Epicon Awarded RM89 Million Housing Project Job By Perak State
EPICON has informed that its wholly owned subsidiary Transnational Builder Sdn. Bhd. had received a letter of award from Perak State government linked company, Syarikat Majuperak Bhd, for a housing project worth RM89 million.
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Radium Declares First Interim Dividend Of 1sen
Recently listed Radium Development Berhad has announced its First Single-Tier Interim Dividend to its shareholders of 1.00 sen per ordinary share for the financial year ending on December 31, 2024.
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Malaysian Islamic Banks Remain Primary Engine Of Financing Growth
Malaysian Islamic banks are expected to remain the primary engine of financing growth in the domestic banking sector. “Spurred by the ‘Islamic First’ strategy implemented by major banking groups, Islamic financing contributed an average of 75% of the system’s loan growth in the past five years,” said Sophia Lee, RAM Rating’s Co-Head of Financial Institution Ratings. As at end-2023, gross Islamic financing represented 42% of total loans in the banking sector, more than double its share over a decade ago.
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EPL Obtains Singapore Court Order To Force ISPs Block Illegal Streaming
The English Premier League has obtained an order from Singapore’s High Court to force internet service providers (ISPs) to block access to 25 websites that illegally stream football matches.
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Malaysia May Not Host 2026 Commonwealth Games To Avoid Taxpayer Burden, Yeoh Says
In a parliamentary session today, Minister Hannah Yeoh of the Youth and Sports Ministry emphasised the importance of prioritising public interest and fiscal responsibility, particularly concerning taxpayers’ money, in any potential bid for Malaysia to host the 2026 Commonwealth Games.
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Govt Allocates RM6.85 Billion To Enhance Electricity Supply Resilience Amid Disruptions
Deputy Prime Minister, Datuk Seri Fadillah Yusof, announced today in Dewan Negara that the Federal Government has taken decisive steps to tackle frequent electricity supply disruptions, ensuring the reliability and stability of the power grid across Peninsular Malaysia. In response to a question posed by Tuan Prabakaran A/L M Parameswaran regarding interventions taken by the Federal Government to address these disruptions, Fadillah emphasised the importance of meticulous monitoring of electricity supply performance by Tenaga Nasional Berhad (TNB), the licensed provider serving over nine million customers.
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BNM’s RM2.85 Billion Dividend Pay Out Commendable To Boost Govt Funds, Says Consultant
Bank Negara Malaysia (BNM) announced yesterday (Mar 20) that its total assets amounted to RM631.26 billion as at 31 December 2023. A net profit after tax of RM7.16 billion was recorded for the financial year, of which RM4.31 billion has been transferred into BNM’s Risk Reserve.
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NEC Opens New Operation Centre In Johor
NEC Corporation of Malaysia (NEC Malaysia) revealed its Intelligent Center Operations of NEC (ICON) today, signaling a significant expansion in Johor. The establishment of ICON in Sunway City Iskandar Puteri is a collaborative venture between NEC Asia Pacific (APAC) and NEC Malaysia.
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Tech Industry Sector Outlook Brighter Than 12 Months Ago
Following a challenging start to 2023 for the technology sector, characterized by macroeconomic weaknesses and cost-savings, company strategies centered on generative artificial intelligence (GenAI) have triggered a rebound in confidence. It is against this backdrop that injecting GenAI into digital transformation strategies has debuted in poll position on annual EY ranking, Top 10 opportunities for technology companies in 2024.
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