Malaysian takaful industry paid out record RM10.2 billion in benefits in 2024

KUALA LUMPUR: The domestic takaful industry disbursed RM10.2 billion in benefits last year, the highest on record, marking a 16.73% increase from 2023 as it continued to expand

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Takaful industry faces potential RM800m hit with Bank Negara’s premium cap

KUALA LUMPUR: The takaful industry is expected to face potential losses of up to RM800 million following Bank Negara Malaysia’s (BNM) interim measures to curb rising medical and

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LIAM: Basic insurance plan to address rising medical costs in the works

KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) is working with Bank Negara Malaysia (BNM), the Ministry of Health and the Malaysian Takaful Association (MTA) to develop

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Industrial parks to drive SP Setia’s future growth

KUALA LUMPUR: Despite external uncertainties, property developer SP Setia Bhd remains confident of meeting its FY25 sales target of RM4.8 billion. Maybank Investment Bank Bhd (Maybank IB) said

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Primed for war and not climate action

FOR lack of a peace vision and global leadership, we saw in Part Four that Malaysia scored no points for its failure to offer any solutions to the

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President Xi pushes for fair trade

THE gloves may be temporarily off between Washington and Beijing following President Donald Trump’s decision to exempt selected electronic goods from tariffs. However, while sanity returns to the

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Ringgit opens nearly flat amid slight uptick in DXY

KUALA LUMPUR: The ringgit opened nearly flat against the US dollar on Wednesday, as the US Dollar Index (DXY) edged up slightly to 100.215 points after staying below

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Is Malaysia ready to lead in safer, greener construction practices?

As construction rules become more complex, staying compliant is more important than ever. A Jan 20 report by Malayan Banking Bhd predicts 9.4% growth in the industry. The

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Berjaya’s Azalea draws 3,000 bids for 402 units

PETALING JAYA: Berjaya Land Bhd’s latest affordable housing project Pangsapuri Azalea located in Subang Heights, has been oversubscribed with more than 3,000 applications for just 402 units, highlighting

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AmBank Group backs Nextgreen Global’s growth

PETALING JAYA: AmBank Group through AmBank Islamic Bhd has granted up to RM180 million of financing facilities to Ultimate Ivory Sdn Bhd, a wholly owned subsidiary of Nextgreen

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