CIMB records PBT of RM8.12 billion with 11.3% ROE for 9M25

Declares special dividends of up to RM760.2 million as part of an up to RM2 billion capital return to shareholders over the next 2 years

 

KUALA LUMPUR, Nov 28 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”) delivered a resilient financial performance for the nine months ended 30 September 2025 (“9M25”) with profit before tax (“PBT”) of RM8.12 billion and an annualised return on average equity (“ROE”) of 11.3%, driven by disciplined execution of its Forward30 strategy, notwithstanding macroeconomic headwinds and persistent rate cuts. Earnings per share (“EPS”) was 55.3 sen.

Robust Third Quarter
Underpinned by a strong 3Q25 with solid growth across key metrics, PBT grew by 7.3% to RM2.84 billion, while net profit rose 10% to RM2.08 billion, lifting the Group’s nine- month net profit to RM5.94 billion.
 
Operating income grew by 6.2% QoQ, underpinned by strong non-interest income (“NOII”) of RM2.13 billion, up 20.3% QoQ. Net interest income (“NII”) remained stable at RM3.82 billion despite a series of rate cuts in Malaysia, Indonesia, Singapore and Thailand. Group net interest margin (“NIM”) was resilient at 2.08% driven by strategic repricing and proactive capital management from previous quarters which mitigated the impact of persistent rate cuts.
 
Capital Strength
Capital remained healthy with Common Equity Tier 1 (“CET1”) ratio improving about 10bps QoQ to 14.8% as at end Sep-25, well within the Group’s FY25 target. Given CIMB’s strengthened capital position, the Group has announced an intention of returning up to RM2 billion of capital to shareholders by end-2027, which will be executed via special dividends and/or share buybacks subject to market conditions and regulatory approvals. As part of the capital return, the Group is announcing special dividends of up to RM760.2 million, or 7.0 sen per share which will be disbursed to shareholders on 24 December 2025. This will be on top of the regular dividends paid by the Group.
 
Strong CASA and Asset Growth
On a constant currency basis, total deposits and current account saving account (“CASA”) balances grew by 9.1% to RM518.1 billion and 15.3% YoY respectively increasing the Group’s CASA ratio to 44.1% as at Sep-25. This is attributable to the Group’s Forward30 cash strategy which successfully cushioned NIM compression this year as a result of the persistent rate cuts. Gross loans expanded 3.3% YoY to RM448.2 billion and assets grew 5.1% YoY to RM778.5 billion.

 
Operational Discipline
For 9M25, operating expenses grew at a disciplined 1.6% YoY which led to a cost-to- income ratio (“CIR”) of 46.5% but not at the expense of investments in technology and operational resilience. Pre-provisioning operating profit (“PPOP”) remained stable YoY at RM9.13 billion.
 
Stable Asset Quality
Asset quality remained stable, supported by continued corporate recoveries in 3Q25 as total provisions declined to RM330 million, reflecting stable credit performance across key portfolios. Loan loss charge (“LLC”) normalised to 33bps, within the Group’s full-year guidance. Gross impaired loans (“GIL”) ratio improved to 1.9% and allowance coverage improved to 102.8% as at Sep-25.
 
Advancing Forward30 Strategic Plan
The resilient financial performance reflects the Group’s continued commitment to execute its Forward30 strategy, focused on the 4Cs of Capital, Cash, Cross-sell and Capabilities. In 3Q25, the Group accelerated several bold digital-first initiatives, including CIMB OCTO Biz to empower SMEs to accelerate business expansion, and the management of the BUDI95 system through TNG Digital Sdn Bhd, reinforcing the Group’s role as a responsible financial intermediary that expands economic participation and impact.
 
CIMB also entered the Panda Bond market with a landmark RMB3 billion 3-year issuance, making it the largest single tranche issuance by a Malaysian institution and the second largest from an ASEAN issuer. This milestone further strengthens the Group’s role as a bridge between China and ASEAN, adding momentum to its effort in accelerating financial integration and promote cross-border investment and trade.
 
Improved MSCI ESG Rating
On the sustainability front, the Group’s MSCI ESG Rating was upgraded from AA to AAA, contributed by stronger disclosure in consumer protection and workforce management practices. The Group has also improved its S&P Corporate Sustainability Assessment 2025 score from 78 to 82. CIMB is ranked number 1 out of 400 financial institutions globally in the World Benchmarking Alliance 2025 Financial System Benchmark and number 2 globally in Inclusive Finance.

Outlook
Novan Amirudin, Group Chief Executive Officer of CIMB Group said, “This capital return forms part of our Forward30 strategy to always be disciplined with capital and reflects the Group’s confidence in the long-term performance trajectory. With this, we are able to return capital to shareholders in a measured and responsible manner; while ensuring we remain well-positioned for future growth.”
 
“We continue to serve all customer segments from the individuals to MSMEs, to large corporates and governments across ASEAN. Our resilient performance this quarter underscores the strength of our diversified franchise, the trust of our customers, and the impact of our digital and operational enhancements driven under our Forward30 strategy. The momentum will carry through to anchor our ability to navigate a challenging macroeconomic landscape.”
 
“As we head into the final quarter of 2025, we remain optimistic in closing the year on a strong footing and meeting all our targets. Our diversified portfolio and disciplined execution will continue to ensure we remain resilient despite the macroeconomic headwinds and challenges. While it may take some time for the dust to settle with the new world order, we expect NIMs to stabilise and we will continue investing for long-term growth,” Novan concluded.

About CIMB
 
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM79.0 billion as at 30 September 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines.
 
Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 571 branches and over 33,000 employees as at 30 September 2025. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award- winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.  
 

SOURCE : ​CIMB Group Holdings Berhad
 

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anis Azharuddin / Kelvin Jude Muthu

Group Corporate Communications
CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com 

--BERNAMA

MFMY SDN. BHD. LAUNCHES FIRST INTEGRATED MANUFACTURING AND SERVICES HUB IN SOUTHEAST ASIA

KULIM HI-TECH PARK, KEDAH, Nov 27 (Bernama) -- MFMY Sdn. Bhd., a subsidiary of MFSG and  leading provider of semiconductor Automated Material Handling System (AMHS) solutions, has established its presence in Malaysia with the official opening of its new manufacturing and service centre. Located at the KHTP SME Park in  Kulim Hi-Tech Park (KHTP), Kedah, the nearly 2,000 square meter facility is MFSG’s first integrated manufacturing and service hub in Southeast Asia and is equipped for full global delivery.

The launch ceremony was attended by senior representatives from the Malaysian government, key semiconductor clients, industry associations such as SEMI, local supply chain partners, and the executive team from MFMY’s parent company，MeetFuture Technology, as well as colleagues from MFSG and MFMY—together witnessing a pivotal milestone in the company’s global expansion.

Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, Chief Executive Officer of Malaysian Investment Development Authority (MIDA), remarked, “MFMY Sdn. Bhd.’s integrated hub in Kulim Hi-Tech Park strongly endorses Malaysia’s strategic push toward high-value, high-technology manufacturing. This investment aligns seamlessly with the New Industrial Master Plan (NIMP) 2030, which aims to build a more sophisticated, resilient, and technologically advanced economy. As Malaysia advances its National Semiconductor Strategy (NSS), the Machinery and Equipment (M&E) sector—particularly in Automated Material Handling Systems (AMHS) plays a pivotal role. Companies like MFMY, are essential enablers of the future semiconductor ecosystem, providing the automation and critical infrastructure necessary for our world-leading wafer fabs and packaging giants to maintain global competitiveness and move up the value chain.”

In the officiating remarks, Puan Sunita Binti Abdul Aziz, YDP PBT TPHTK, stated, “The establishment of MFMY Sdn. Bhd. within Kulim Hi-Tech Park reflects the strong confidence that investors have in Kulim as a strategic industrial hub. We look forward to seeing MFMY grow, innovate, and contribute to the district’s economic progress. The local authority remains committed to facilitating an ecosystem that supports industrial excellence and sustainable development.”

Dato’ Haji Mohd Sahil Zabidi, Group CEO of Kulim Technology Park Corporation (KTPC), stated;

“MFMY’s presence in KHTP is aligned with our mission to nurture high-value industries and empower SMEs to scale alongside global players. We believe this new facility will strengthen MFMY’s operational readiness and open new opportunities for collaboration within the KHTP ecosystem. KTPC is proud to support their journey and will continue enabling an environment where companies can thrive.” 

“This base marks a critical node in MeetFuture Technology’s global AMHS network,” said Mr. Tee Keng Teck, President of MeetFuture Malaysia, during the ceremony. “With over 50 wafer fab clients worldwide, the launch will significantly shorten our overseas delivery cycles and enhance service responsiveness, providing more efficient and reliable localized support to our global partners. We are grateful for the trust of the Malaysian government and the strong backing from our group headquarters. Moving forward, we are committed to deepening local operations and growing together with our partners in the region.”

Mr. Miao Feng (Ricky), Group Chairman of MeetFuture Technologies, stated, “Malaysia brings together world-leading chip manufacturers, packaging giants, and a vibrant, collaborative supply chain supported by proactive government policy and organizations like SEMI. This dynamic ecosystem is precisely why we chose Kulim, Kedah for our global manufacturing hub. The launch here is a key step in our strategy to connect Southeast Asia with Europe and serve the global market.”

Looking ahead, Mr. Miao emphasised that the Kedah facility will become the launchpad for an expanded international footprint, providing advanced, intelligent, and sustainable AMHS solutions to customers around the world.

Ms. Ke Na(kona), Vice President of MeetFuture Technology, added, “MeetFuture will respect local cultures and uphold compliance, focusing on employee development and local industry integration. By investing in talent, sustainability, and partnership, we aim to drive not only our own growth but also the ongoing advancement of the Southeast Asian semiconductor ecosystem, creating a win-win future with Malaysia.”

The opening of MFMY's facility comes as Malaysia's Machinery and Equipment industry continues to attract strong investment interest. For the first nine months of 2025, the industry recorded RM6.4 billion in approved investments, underscoring its critical role in supporting Malaysia's semiconductor ecosystem and advanced manufacturing capabilities. 

Please refer to this link for details: https://shorturl.at/Fmrfo 

Source: Malaysian Investment Development Authority (MIDA)

FOR MORE INFORMATION, PLEASE CONTACT: 
MIDA
Name: Ms. Zakiah Sajidan
Director of Machinery and Metal Technology Division, MIDA
Tel: +603-2267 6769
Email: zakiah@mida.gov.my
 
KTPC
Name: Ms. Siti Norsakeena Mohd Arshad
Head of Corporate Communication
Tel: +604-403 2420 ext 134
Email: info@khtp.com.my

--BERNAMA

TAKAFUL INDUSTRY ACTIVATES NATIONWIDE FLOOD SUPPORT

Coordinated Industry Response Activated to Support Flood-Affected Participants 

KUALA LUMPUR, 28 Nov (Bernama) -- The Malaysian Takaful Association (MTA) expresses its deep concern and heartfelt empathy for families across several states who are facing hardship due to the worsening monsoon floods. The industry stands in solidarity with all individuals affected by disruptions, property damage, and the emotional stress brought by rising floodwaters. 

Recognising the potential for conditions to worsen in the coming days, the Takaful industry has elevated its nationwide state of readiness to ensure participants receive timely assistance, clear guidance, and uninterrupted access to support channels when they need it most.

As part of this strengthened response, Takaful operators have activated a coordinated assistance framework that includes: 

• Expedited claims guidance for flood-related losses;
• Dedicated 24/7 contact channels across all participating operators;
• Flexibility in selected documentation requirements to ease claims submission;
• Continuous public updates on safety reminders and protection benefits.
• Dedicated adjusters across the various regions to attend to flood claims

MTA has also activated the Takaful4All Cares Team as part of its industry-wide readiness initiatives. The team stands ready to be deployed in areas where conditions allow and where their support can add meaningful value to local recovery efforts.

“Our thoughts and prayers are with every family impacted by the floods. During these difficult moments, we want participants to know that the Takaful industry is ready to help, ready to guide, and ready to support recovery efforts,” said Mohd Radzuan Mohamed, Chief Executive Officer of the Malaysian Takaful Association. 

In view of the increasingly unpredictable and severe monsoon patterns driven by changing climate conditions, MTA urges the public to stay alert and take proactive steps to safeguard their safety, property, and important documents. The recent shifts in weather patterns have resulted in heavier rainfall, higher flood risks, and more widespread impact, reinforcing the need for stronger community preparedness.

Given the heightened storm intensity in recent years, MTA reminds the public to observe the following essential safety measures: 

• Prioritise personal safety; avoid walking or driving through floodwaters.
• Monitor official weather forecasts and heed district-level warnings.
• Protect important documents by keeping them in waterproof, accessible storage.
• Do not start flood damaged vehicles and document all damage before cleaning.
• Prepare a family emergency plan, including key contacts and safe evacuation routes.
• Review Takaful coverage to ensure awareness of protection benefits, especially for weather-related risks. Thus, call the respective Takaful operators for clarification. 

These measures are vital to help families reduce risks and recover more effectively during and after the monsoon period.

Actions to Be Taken by Affected Participants
Affected individuals should prioritise safety and return home only when authorities confirm it is safe. They are encouraged to:
• Record and photograph all damage to homes, belongings, and vehicles.
• Keep essential documents ready for reference.
• Contact their respective Takaful operator promptly for claims assistance. 

Key assistance contacts include:
• Takaful Ikhlas General Berhad – e-Claim Portal:
https://go.takafulikhlas.com.my/eclaim/general/
• Etiqa General Takaful Berhad – 03-2296 8600
• Zurich General Takaful Malaysia Berhad Roadside Assistance (24 hours) – 1-300-88- 5566
• Zurich General Takaful Malaysia Berhad Support – 1-300-888-622
• Takaful Malaysia Am Berhad (STMAB) – csu@takaful-malaysia.com.my
• Tele Bantuan (24 hours) – 1-800-888-788

Participants may also refer to the Flood Claims FAQ for process on next steps. For more update, visit social media page MTA:
Facebook :https://www.facebook.com/MalaysianTakafulAssociation
IG : https://www.instagram.com/malaysiantakafulassociation?igsh=NHF6eXIzZGd5aXds

ABOUT MALAYSIAN TAKAFUL ASSOCIATION (MTA)

Malaysian Takaful Association (MTA) was established on November 2002 under the Societies Act 1966. It is a trade association representing all 19 licensed Takaful and Retakaful operators in the country. The objectives and the powers of MTA are to promote the interests of its members and to inculcate the implementation of self-regulation within the Takaful industry. More information on MTA can be obtained from its website: www.takaful4all.org

SOURCE: Malaysian Takaful Association (MTA) 

 

FOR MORE INFORMATION, PLEASE CONTACT: 

Name: Puan Siti Nor Kamariah Ishak
Head, Corporate Communications 
Tel: 01137475361
Email: mtasecretariat@malaysiantakaful.com.my

--BERNAMA

GLOBAL PANDA PARTNERS CONFERENCE 2025 CONCLUDES IN CHENGDU

KUALA LUMPUR, Nov 25 (Bernama) -- The Global Panda Partners Conference 2025 concluded recently in Shuangliu District, Chengdu, Sichuan Province, bringing together experts, scholars, and officials to explore scientific pathways for ecological protection and green development, with a focus on giant panda conservation and cultural exchanges.

The three-day conference, held from Nov 20 to 22, featured one main forum, eight sub-forums, and 10 related activities covering ecological civilisation, giant panda culture, and domestic and international tourism, according to a statement.

Sichuan Province Governor, Shi Xiaolin described the giant panda as a "national treasure" of China, a symbol of ecological protection, and an ambassador for peace and friendship.

She emphasised Sichuan’s aim to partner globally in protecting panda habitats, building a sustainable world, and promoting cooperation in ecology, culture, science, technology, and industry.

Meanwhile, Xinhua News Agency Editor-in-Chief, Lyu Yansong said the country’s success in giant panda conservation epitomises China’s ecological civilisation efforts.

Lyu added that the news agency is committed to promoting Chinese President Xi Jinping’s ecological civilisation vision and sharing the nation’s achievements in sustainable development worldwide.

The conference was jointly hosted by Xinhua News Agency Sichuan Branch, Xinhua News & Information Center, China Wildlife Conservation Association, China Conservation and Research Center for Giant Panda, and Chengdu Media Group.

Shuangliu District, home to Chengdu Shuangliu International Airport, is noted for its historical culture, rapid economic growth, and thriving high-tech industries such as aviation and astronautics, and has been recognised as one of "China's happiest districts" for five consecutive years.

-- BERNAMA

AM Best Affirms Credit Ratings of NongHyup Property and Casualty Insurance Company Limited

HONG KONG, Nov 24 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NongHyup Property and Casualty Insurance Company Limited (NH P&C) (South Korea). The outlook of these Credit Ratings (ratings) is stable.

The ratings reflect NH P&C’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also reflect the implicit and explicit support the company receives from its ultimate parent, National Agricultural Cooperative Federation (NACF).

NH P&C’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). Despite the recent issuances of supplementary capital securities, the company’s Korean-Insurance Capital Standards (K-ICS) ratio showed a material decline in 2024 and through the first half of 2025, primarily due to various regulatory guideline changes. Prospectively, AM Best expects NH P&C to maintain its solvency position well above the regulatory minimum and recommended levels with a focus on improving asset and liability management and its strong financial flexibility. Particularly, the company’s financial flexibility is supported by its good accessibility to the capital market and financial support from its immediate parent, NongHyup Financial Group Inc. (NHFG). NH P&C’s investment portfolio is conservative, consisting mainly of fixed-income assets of good quality.

NH P&C’s operating performance is assessed as adequate, with a return-on-equity ratio of 5.7% and a combined ratio of 95.1% (net/net) in 2024, as calculated by AM Best. The company’s general property/casualty business, including government policy insurance, continues to show moderate volatility, for example, driven by severe weather events or wildfires. While the company’s profitability of long-term insurance remained largely in line with its peers, NH P&C’s growth of new business contractual service margin (CSM) has demonstrated a declining trend over the last two years (2022-2024). Thus, AM Best will monitor NH P&C’s improvement in generating its new business CSM, as it will play an instrumental role in achieving stable future profits and provide a buffer against volatility in the general P/C insurance segment. AM Best expects the company’s investment profits to continue supporting its overall profitability.

NH P&C is a domestic non-life insurer in South Korea, with a 3.7% market share in terms of gross insurance service revenue in 2024. The company is an exclusive provider of crop insurance in the country, which is largely operated under the general principle of “no profit no loss,” and a major provider of other government policy insurance products for farmers, such as livestock and agricultural vehicle insurance. NH P&C focuses on expanding sales of protection-type products with high margins to gradually improve the profitability of its long-term insurance line; however, its market presence in the long-term insurance segment remains modest due to strong market competition. Distribution remains highly concentrated in the cooperative channel, which is a network of NACF’s members.

As a wholly owned subsidiary of NHFG, which is the financial arm of NACF and one of the largest financial groups in South Korea, NH P&C is strategically important to NACF, given its role as the exclusive provider of government policy insurance products to cooperative members. Additionally, AM Best recognises NHFG’s capability and strong willingness to provide timely financial support to NH P&C, should the need arise.

Negative rating actions could occur if there is a significant deterioration in NH P&C’s balance sheet strength fundamentals and a further decline in its domestic solvency ratio from the current level. Negative rating actions also could arise if the level of support or the company’s strategic importance to its ultimate and immediate parents is reduced to a degree that no longer supports the current level of enhancement. While it is thought to be unlikely, positive rating actions could occur if NH P&C’s business profile improves in a sustainable manner, for example, through successful channel diversification that results in a materially enhanced market presence without deterioration in its risk-adjusted capitalisation and operating profitability.

Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251121687162/en/ 

Contact

Seokjae Lee
Senior Financial Analyst
+852 2827 3407
seokjae.lee@ambest.com

Chanyoung Lee
Director, Analytics
+852 2827 3404
chanyoung.lee@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com 

Source : AM Best

Sri Lanka Unveils Five-Year Plan To Drive Productivity-Led Growth

KUALA LUMPUR, Nov 21 (Bernama) -- Sri Lanka launched its National Productivity Master Plan, a five-year roadmap aimed at shifting the country from crisis recovery to productivity-driven, export-led growth, on Nov 20.

The plan, covering 2024–2029, was developed by the National Productivity Secretariat and the Ministry of Industry and Entrepreneurship Development of Sri Lanka with technical support from the Asian Productivity Organization (APO) and draws on analytical work led by the Korea Development Institute’s Center for International Development.

APO Secretary-General Dr Indra Pradana Singawinata said the blueprint is intended to help Sri Lanka move beyond short-term stabilisation.

“Stabilisation has begun, but transformation has not yet been secured. This master plan is the bridge between short-term stabilisation and long-term, self-sustaining prosperity,” he said in a statement.

Its Ministry Secretary J. M. Thilaka Jayasundara called the launch “a very happy moment” for Sri Lanka’s long-running productivity movement, emphasising ambitions to embed productivity across society.

She cited 2030 targets to lift industry’s gross domestic product (GDP) share to 28 per cent and boost industrial and total export revenues to US$28 billion and US$45 billion, respectively. (US$1=RM4.15)

Meanwhile, Deputy Minister Chathuranga Abeysinghe described the plan as “a turning point for the country”, noting that the creation of a National Productivity Commission will be critical for implementation and oversight.

The roadmap outlines targeted reforms focused on innovation, human capital, modern infrastructure, streamlined public institutions, and sector-specific strategies for key tradable industries. The goal is to raise productivity, expand fiscal buffers, strengthen the external position, and turn overseas employment from a necessity into a choice.

Following the launch, Dr Singawinata and the APO–Korea Development Institute delegation met Prime Minister Harini Amarasuriya to formally present the plan and discuss next steps, reaffirming the government’s commitment to treating productivity as a national reform priority.

-- BERNAMA

Procurement fraud and bribery emerge as Asia-Pacific’s top risks as AI-driven deception accelerates

KUALA LUMPUR, Nov 21 (Bernama) -- According to ACCA’s new report, ‘Combatting Fraud in a Perfect Storm’, organisations across Asia-Pacific are contending with a diverse and fast-evolving fraud landscape. The study identifies procurement fraud (34%) and bribery and corruption (20%) as the region’s dominant risks, accelerated by new vulnerabilities arising from rapid digitisation and AI-enabled deception.

The Asia-Pacific region, including high-growth economies like Malaysia, faces a complex blend of sophisticated digital payment vulnerabilities, expanding attack surfaces, and growing blind spots in crypto fraud and ESG misrepresentation. The rapid adoption of digital payment platforms and commerce super-apps has significantly expanded the speed and sophistication of financial crime across the region.
 
Drawing on responses from over 2,000 professionals and 31 roundtable discussions around the world, the report, launched during International Fraud Awareness Week, highlights the necessity of aligning fraud-prevention efforts with local cultural realities and behavioural risk assessments. Conventional controls alone are insufficient as technological change rapidly reshapes financial and commercial ecosystems.
 
Regional survey results show reporting ease averaging 3.82/5, with junior staff the most concerned about retaliation, highlighting a persistent imbalance in power dynamics that restricts upward reporting. Respondents emphasised the importance of culturally attuned governance, transparency of process, and leadership-led accountability to build trust.
 
Cultural dynamics remain a defining factor in risk governance. In many Asia-Pacific markets, hierarchical norms and a fear of retaliation still inhibit upward reporting and whistleblowing, creating cultural barriers to governance. This emphasises the critical need for independence of investigators and clear protections against reprisal, particularly for junior staff, who reported the highest levels of concern.
 
The findings on bribery and corruption underlines the importance of robust compliance frameworks, particularly in light of Section 17A of the MACC Act 2009 on corporate liability, driving the need for adequate procedures in Malaysian organisations. The report serves as a critical guide to strengthen governance to meet these mandates.
 
“Asia-Pacific’s fraud risks are shaped as much by culture as by technology,” said Rachael Johnson, ACCA's Head of Risk Management and Corporate Governance for Policy and Insights. “Digital innovation brings enormous opportunity, but it also accelerates misinformation and deception. Organisations must recognise how hierarchical norms and fear of retaliation limit visibility, creating cultural barriers to governance that supports safe, trusted reporting.”
 
“The risks highlighted across Asia-Pacific, particularly in procurement and digital finance, resonate deeply within the complex operating environment of Malaysia,” said Andrew Lim, Portfolio Head – Maritime Southeast Asia. “As we look at markets experiencing rapid digitization and high-value infrastructure projects, the call for culturally grounded solutions is clear. For Malaysian businesses and ACCA members, this report is a critical roadmap, urging us to embed integrity and behavioural insights across our governance models to build a truly resilient ecosystem.”
 
The report calls for a collective reset, urging organisations to strengthen proactive detection, embed accountability, and align governance structures with the behavioural realities of the region.
 
For full report, visit:
https://www.accaglobal.com/gb/en/professional-insights/risk/combatting-fraud.html
 
SOURCE: ACCA

FOR MORE INFORMATION, PLEASE CONTACT: 
Email: newsroom@accaglobal.com

--BERNAMA

SELANGOR CELEBRATES ITS INVESTORS AND KEY STAKEHOLDERS AFTER A COMBINED TOTAL OF OVER RM156 BILLION PERFORMANCE IN APPROVED INVESTMENT FOR YEAR 2023 & 2024

YAB Dato’ Seri Amirudin bin Shari, Dato’ Menteri Besar Selangor (Chief Minister of Selangor) delivering the Special Address at the Selangor Investors Appreciation Awards

SHAH ALAM, Nov 21 (Bernama) -- The State of Selangor organised its prestigious Selangor Investors Appreciation Awards (SIAA) 2023-2024 Ceremony tonight, celebrating the key domestic and foreign investors that drove the state’s massive economic success over the past years.

The event, organised by Invest Selangor Berhad, honoured the dedication of companies whose unwavering commitment propelled the state’s economic vitality despite continued global headwinds.

For the record, the approved total investment recorded by Selangor in 2024 was RM101.1 billion nearly doubles the RM55.3 billion recorded in 2023, emphatically demonstrating Selangor’s strength as the most preferred investment destination in the region.

YAB Dato’ Seri Amirudin Bin Shari, the Dato’ Menteri Besar of Selangor, praised the collective effort driving this historic achievement. "Against a global backdrop of geopolitical tensions and inflationary pressures, the sustained commitment from our investors has empowered Selangor to achieve this extraordinary feat," stated Dato’ Seri Amirudin. "This monumental performance, which enables Selangor to contribute over one-fourth of Malaysia's national economy, is powerful validation of our diverse industrial base and highly skilled workforce."
 

The SIAA ceremony recognized excellence across a comprehensive range of categories, including the Highest Investment Award by Foreign and Local Companies, the Most Preferred Investment Location Award, Special Achievement Awards for the Managed Industrial Park (MIP) and the Selangor Soft Landing Programme, and Special Recognition Awards for Government and Technical Agencies in Selangor. The recipients were selected based on manufacturing and services projects approved by the Malaysian Investment Development Authority (MIDA) for the fiscal years 2023 and 2024.

Invest Selangor Berhad also extends its appreciation to all the official partners and sponsors of the SIAA 2023-2024 including the Platinum Sponsors: Sime Darby Property (Bukit Raja) Sdn Bhd and UMW Aerospace Sdn Bhd and Gold Sponsors: NCT Group, EcoWorld Development Group Berhad, Infinity Logistics & Transport Sdn. Bhd. Worldwide Holdings Berhad, Koridor Utiliti Selangor (KUSEL), Compass IP Sdn Bhd, Pet World International Sdn Bhd, Suruhanjaya Komunikasi dan Multimedia Malaysia Negeri Selangor, Seri Yakin Logistics Sdn. Bhd., Knight Frank Malaysia, Skypark RAC Sdn Bhd, Gamuda Land Leisure Sdn. Bhd., UOB Malaysia, Chery Corporate Malaysia Sdn Bhd, Fusion Trend Sdn Bhd, Maxwell Glove Manufacturing Berhad, Fajar Palmkel Sdn Bhd and Perodua Sales Sdn Bhd.

Our Silver Sponsors are: Able Development Sdn Bhd, Jabatan Perancangan Bandar dan Desa Negeri Selangor, NXP Malaysia Sdn Bhd, Majlis Bandaraya Petaling Jaya, STT GDC Malaysia Sdn Bhd, Lembaga Urus Air Selangor (LUAS), Sunway Integrated Properties Sdn. Bhd., Travelnia Tours Sdn Bhd, Newfair (Malaysia) Sdn Bhd, I Concept Solutions (M) Sdn. Bhd., FM MEDIA Sdn Bhd, Curio Pack Sdn Bhd, General System Engineering Sdn Bhd, Majlis Perbandaran Kajang, Majlis Perbandaran Hulu Selangor and Selangor State Development Corporation (PKNS).

And our, Bronze Sponsors: Jabatan Keselamatan Dan Kesihatan Pekerjaan Negeri Selangor, Equinix Malaysia Sdn Bhd, Majlis Bandaraya Shah Alam, Berapit Mobilility Sdn Bhd, Majlis Perbandaran Sepang, Impeccable Vintage Properties Sdn Bhd, Autowell (Malaysia) Sdn. Bhd., Orange Component Sdn.Bhd., Talke Logistics Malaysia Sdn. Bhd., Maruss Sdn Bhd, MEMC Electronic Materials Sdn Bhd, Xeraya Capital Sdn Bhd, Sime Darby Property (City Of Elmina) Sdn Bhd, Iij Global Solutions Singapore Pte. Ltd., SELGATE Corporation Sdn Bhd, Central Spectrum (M) Sdn. Bhd., Kuala Lumpur Convention Centre and Proworks Innovation Sdn Bhd.
 

YBhg. Dato’ Hasan Azhari Hj Idris, Chief Executive Officer of Invest Selangor Berhad, detailed the strategic measures sustaining the growth momentum. "Invest Selangor Berhad is executing a targeted, high-quality approach to investment attraction. Core initiatives, including the Selangor Soft Landing Programme, the Selangor Lab Partnership Programme, and the structured Managed Industrial Parks (MIP) guidelines, are key to offering a well-serviced, future-proof ecosystem to every investor." Dato’ Hasan further emphasized that flagship international events, the Selangor International Business Summit (SIBS) and the Selangor Aviation Summit (SAS), continue to firmly position Selangor as the Gateway to ASEAN.

The State Government also announced the active development of the Second Selangor Plan (RS-2), scheduled for launch by mid-2026 that will serve as the strategic masterplan to advance sustainable growth in trade and investment focusing on strengthening key industry sectors, enhancing digital infrastructure, and continually empowering local talents.

"Our shared vision is crystal clear: we are determined to keep Selangor leading Malaysia's progress, ensuring lasting prosperity and well-being for all our citizens," concluded Dato’ Seri Amirudin. "We are confident that this strategic partnership will deepen further as we collectively build a state distinguished by innovation, growth, and inclusive opportunity."

The ceremony also featured the exchange of Memorandum of Understanding (MoU) between Invest Selangor and UOB Malaysia, aimed at strengthening Selangor’s investment ecosystem. The partnership will facilitate UOB Malaysia clients intending to establish or expand operations in the state, while UOB Malaysia provides comprehensive financial solutions, including investment financing, advisory support, and corporate account services. Both parties will collaborate on domestic and international investment promotion initiatives, supported by joint promotional publications and digital marketing efforts. Additionally, UOB Malaysia will help expand the local supply chain by connecting SMEs to opportunities arising from foreign investment projects, strengthening SME participation in high-value industries.

About Invest Selangor Berhad:
 
Invest Selangor Berhad is the Selangor State Government’s investment promotion agency, facilitating business growth and investment opportunities in Malaysia’s most developed and competitive state. As a one-stop center, it provides advisory services, market insights, and facilitation for local and international investors looking to establish or expand in Selangor the gateway to ASEAN.

With a strategic location, world-class infrastructure, and a thriving business ecosystem, Selangor continues to attract high-value investments across diverse industries, reinforcing its position as Malaysia’s economic powerhouse. Since 1999, Invest Selangor has successfully facilitated over 7,069 manufacturing projects, contributing to the creation of 508,316 jobs and securing more than RM256.6 billion in investments.

Invest Selangor also drives the Selangor International Business Summit (SIBS) and the Selangor Aviation Show (SAS), key platforms connecting industry leaders, policymakers, and entrepreneurs across South East Asian region and beyond. Through strategic initiatives, it remains committed to a resilient, sustainable, and innovative economy, reinforcing Selangor as the preferred destination for global investors.

For Selangor investment enquiries, please visit www.investselangor.my 

Click here for: List of Awards for SIAA 2025 FIRST SESSION
 

SOURCE: INVEST SELANGOR BERHAD (FOR SELANGOR INTERNATIONAL BUSINESS SUBMIT)

FOR MORE INFORMATION, PLEASE CONTACT: 

Name: Nur Azyyana Abu Bakar
Email: azyyana@investselangor.my
 
Name: Maryani Binti Mat Saad
Email: maryani@investselangor.my 

--BERNAMA

British Malaysian Chamber of Commerce Celebrates Excellence and High-Impact Achievements at the 6th Business Excellence Awards

A proud moment captured — the BMCC Business Excellence Awards 2025 winners standing together in celebration of this year’s outstanding trailblazers. Congratulations to all 26 winners!

KUALA LUMPUR, Nov 21 (Bernama) -- Today, the British Malaysian Chamber of Commerce celebrates the exceptional accomplishments of British and Malaysian businesses through the 6th Business Excellence Awards (“BEA” / “Awards”). This year, after challenging bouts of evaluation from our panel of judges and assessors, 45 exceptional companies came out on top!

The BMCC’s Business Excellence Awards honours the best of the United Kingdom’s (UK) and Malaysia’s companies across eight (8) achievement categories. Through this annual Awards, the BMCC marks itself as the pinnacle of recognition for companies that have excelled in the business landscapes of both countries. These awards shine a light on the accomplishments of companies that have demonstrated exemplary performance, innovation, and dedication to boosting bilateral trade and investment.

"Congratulations to all our winners for standing out amid stiff competition. The BMCC Business Excellence Awards have become a hallmark of distinction, honouring organisations and individuals who exemplify excellence, resilience, and collaboration. This year, we are especially proud to have received a record-breaking number of submissions. Our ESG and SME categories doubled in participation – this surge reflects the growing commitment of our members to responsible growth and sustainable impact – values that resonate strongly in today’s business landscape.” said Mak Joon Nien, Chairman of the British Malaysian Chamber of Commerce. 

One Complete Solutions Sdn Bhd was awarded the UK-Malaysian Business of the Year, the BMCC’s highest accolade. Rising from Second Runner-up last year, OCS Malaysia has become a leading integrated facilities management provider, delivering services from maintenance and security to energy optimisation and sustainability consulting. The company creates local impact through job creation, inclusive employment, and talent development, while leveraging technology to boost efficiency, client satisfaction, and ESG outcomes. With a 95% client retention rate and regional expertise export, OCS exemplifies how global standards and local commitment drive lasting economic, social, and environmental value.

The judges awarded YTL Developments(UK) Limited a special UK–Malaysia Excellence Award for their transformative Brabazon project. By turning a historic UK site into a sustainable, future-focused urban district, YTL has strengthened economic and cultural ties while delivering world-class infrastructure, residential, commercial, and community developments. Their strategic vision, job creation, and inclusive initiatives showcase how a Malaysian company can drive innovation, growth, and lasting impact abroad.

“Bilateral trade between the UK and Malaysia, is now worth around £6 billion, and should strengthen further as businesses enjoy tariff-free trade in goods and services thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Complemented by our ongoing cooperation with Malaysia through the Joint Economic and Trade Committee (JETCO), we continue to remove trade barriers for our economic partnership to grow. It is important for businesses to take advantage of the opportunities – from traditional sectors like education to new sectors like green growth and digital innovation. And I have been hugely impressed by the work the Chamber and its members are doing in helping to translate these opportunities into tangible outcomes,” affirmed His Excellency Ajay Sharma CMG, British High Commissioner to Malaysia. 

CIMA SE Asia, in partnership with Malaysia’s Accountant General’s Department, won the UK– Malaysia Partnership of the Year Award for transforming Malaysia’s accounting profession. By bridging talent gaps in digital finance, AI, data analytics, and sustainability reporting, the partnership has boosted public sector efficiency, investor confidence, and global-ready talent, positioning Malaysia as a leader in future-focused finance.

Another special Partnership in Purpose Award was given to Marlborough College Malaysia and Marlborough College UK, for their innovative sister-school collaboration. Through student exchanges, shared programmes, and a global alumni network, they blend UK heritage with local impact, setting a benchmark for cross-border education and lasting UK–Malaysia partnership. 

Sunway Medical Centre won the Technology & Innovation Excellence Award for their digital transformation and adoption of advanced technologies. With AI diagnostics, telemedicine, automated labs, and robotics, including Malaysia’s first 24-hour Telemedicine Command Centre, Sunway has elevated patient care, streamlined operations, and has set a new benchmark for healthcare innovation and positioned themselves as a regional leader in technology-driven care.

Talentbank Sdn Bhd won the SME Excellence Award for transforming Malaysia’s talent ecosystem. From a startup to a national career ecosystem builder, Talentbank has bridged education and industry, creating pathways for hundreds of thousands of students and strengthening employability through innovative, tech-driven initiatives.

Weir Minerals Malaysia won the DEI Excellence Award for championing inclusion in a traditionally male-dominated manufacturing sector. Their people-first initiatives, from equitable career pathways to mental health advocacy, have driven a 133% increase in women in manufacturing, higher retention, and measurable gains in safety, productivity, and innovation. With a rising DEI score and ongoing efforts to grow female talent pipelines and strengthen inclusive leadership, Weir Minerals Malaysia continues to set a benchmark for sustainable, equitable workplace culture.

Rising on top amongst many was Hibiscus Petroleum who earned the ESG Excellence Award for their strong, measurable commitment to sustainable growth, achieving a 46% reduction in emissions, advancing carbon capture and renewable initiatives, and deploying digital tools to strengthen climate performance. The company also delivered impactful social and governance results, from industryleading safety standards and increased board diversity to community programmes that support education, health, and marine conservation. Together, these efforts position Hibiscus Petroleum as a responsible, forward-looking energy player setting higher benchmarks for ESG leadership.

This year’s BEA introduced the Talent Excellence and K12 Partnership Excellence awards, attracting strong participation. Talent Excellence honours organisations driving upskilling, inclusivity, and career growth, while K12 Partnership Excellence celebrates school collaborations advancing the UN SDGs, showcasing how partnerships can shape a better future.

Arup Jururunding Sdn Bhd won the Talent Excellence Award for their people-first approach to developing talent at all career stages. Through leadership programmes, mentoring, upskilling, and an inclusive culture, Arup has strengthened retention, boosted internal mobility, and built a future-ready workforce driving organisational resilience and industry impact.

Lastly, Nexus International School, Malaysia won the K12 Excellence Award for their Global Citizenship Initiative, an SDG-driven programme combining curriculum and community partnerships. Through hands-on projects supporting refugees, conservation, and underserved communities, Nexus develops student leadership, empathy, and real-world problem-solving, setting a benchmark for purpose-driven, partnership-led education.

The success of the Business Excellence Awards would not have been possible without the support of the British High Commission, the Judging Panel Advisory Board, and the help of our sponsors and stakeholders. The BMCC looks forward to future iterations of these awards, celebrating initiatives that strengthen the bilateral economy and deliver meaningful benefits for both the UK and Malaysia. We welcome nominations next year that continue to highlight excellence, innovation, and collaboration between our two nations.

About the British Malaysian Chamber of Commerce (BMCC):
Established in 1963, the British Malaysian Chamber of Commerce (BMCC) has been driven by the sole ordinance of advancing bilateral trade relations between the United Kingdom and Malaysia. Over the past six decades, the BMCC has been a catalyst in providing businesses with networking platforms, branding & exposure, international trade services and industry advocacy. Today we are one of the prominent international chambers in the region.

Click here for 
Winners of the 6th British Malaysian Chamber of Commerce Business Excellence Awards
 

SOURCE: British Malaysian Chamber of Commerce (BMCC)
 

FOR MORE INFORMATION, PLEASE CONTACT: 

Media Contact
Name: Angelyn Ng
Tel: 016 563 6184
Email: angelyn@bmcc.org.my 

--BERNAMA

Yayasan PETRONAS Strengthens Flood Preparedness with Distribution of Care Packages across Malaysia

KUALA LUMPUR, Nov 19 (Bernama) -- Yayasan PETRONAS' (YP) nationwide initiative to support communities in flood-prone areas ahead of the year-end Northeast Monsoon saw 8,750 care packages distributed across 11 states, ensuring community members have access to daily necessities when needed. 

Shariah Nelly Francis, CEO of YP said, “Providing timely relief items is crucial in helping communities cope with the immediate impact of disasters. Through our collaboration with the Social Welfare Department (JKM), YP mobilised care packages ahead of the monsoon season to ensure affected families receive essential support when floods strike. We hope these contributions not only meet urgent needs, but also provide comfort, dignity, and reassurance to those impacted.” 

The care packages, which include basic necessities and personal hygiene items such as towels, blankets, mineral water, cutlery, sanitary pads, diapers, wet wipes, toothbrushes and toothpaste, were delivered in phases from September to the end of October this year, in collaboration with the National Disaster Management Agency (NADMA), Social Welfare Department (JKM) and PETRONAS’ regional offices. The packages are stored at designated JKM depot centres across the respective states and will be distributed to targeted evacuation centres (PPS) when flooding occurs.

To further strengthen local action and community participation in disaster response and preparedness in Selangor, Negeri Sembilan and Perak, six public webinars were conducted, engaging 107 participants under the Community-based Disaster Risk Management (CBDRM) programme implemented by the Global Environment Centre. As an initiative under YP’s Environment pillar, the CBDRM programme underscores the foundation’s commitment to pre-disaster preparedness and to empower communities to take proactive measures against recurring flood risks. 

Issued by: Yayasan PETRONAS

SOURCE: PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Low Jia Yin
Tel: +60 12 385 8631
Email: low.jiayin@petronas.com

--BERNAMA 

OMP Miami Conference 2025: Transforming Supply Chain Vision into REAL Impact with Human-AI Synergy

 

MIAMI, FL, November 21, 2025 /ACCESS Newswire - AsiaNet / --

OMP, a global leader in supply chain planning solutions, brought together global supply chain executives, technology innovators, and strategic partners at the OMP REAL Conference 2025 in Miami. Held on November 18-19, the event showcased how agentic AI, decision-centric planning, and human-AI collaboration are reshaping the future of supply chain planning. A key highlight was UnisonIQ, OMP's advanced AI orchestration framework , designed to support faster and smarter decisions across global supply chains.

Panel discussion at OMP Conference

Transforming supply chain vision into REAL impact with human-AI synergy

Fortune 500 leaders share real-world transformation stories

Supply chain leaders from Arxada,AstraZeneca, Beiersdorf, Eastman, Johnson & Johnson, Kraft Heinz, Land O'Lakes, and Visy shared compelling case studies demonstrating tangible results:

• AstraZeneca outlined how they scaled Unison Planning™ across global operations, implementing decision-centric planning to improve agility and decision confidence in volatile markets.
• Beiersdorf revealed how AI-driven insights empower planners to make more informed, impactful decisions across their supply chain.
• Eastman showcased the integration of sustainability into core planning processes, demonstrating how they balance business performance with environmental goals.
• Participants from Kraft Heinz, Johnson & Johnson, and Land O'Lakes emphasized the growing importance of collaboration and shared innovation as companies work to make supply chains more resilient and adaptive.

Agentic AI takes center stage

Under the conference theme ‘ REAL - Real expertise. Real solutions. Real results . ', attendees explored how AI is transforming supply chain planning. Keynote speaker Kevin O'Marah , Co-Founder and Chief Research Officer at Zero100 , delivered bold insights on how agentic and autonomous AI are transforming planner roles and redefining supply chain resilience.

The Unison Plaza served as an innovation hub where OMP experts showcased Unison Planning™ , including UnisonIQ , the AI orchestration framework, and Unison Companion , its AI assistant. Live demos highlighted how AI-powered decision intelligence delivers always-on visibility, agility, and collaboration across end-to-end supply chains. Strategic alliance partners including Microsoft Azure, Rulex, Nulogy, EY, Deloitte, and Bluecrux showcased ecosystem innovations that accelerate digital transformation across industries.

A community united by progress

"Our customers are at the forefront of supply chain innovation," said Paul Vanvuchelen, CEO at OMP . "Through human-AI synergy, they are redefining global supply chains with measurable impact across efficiency, service, and resilience. This conference brought our community together and reaffirmed our shared commitment to shaping the future of supply chain planning."

About OMP

OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries - spanning consumer goods, life sciences, chemicals, metals, paper and packaging - benefit from using OMP's unique Unison Planning™.

Contact Information

Philip Vervloesem
Chief Commercial & Markets Officer
pvervloesem@omp.com
+1-770-956-2723 

Source: OMP