Day: September 20, 2024

The Asian Captive Conference (ACC) 2024, co-hosted by Labuan IBFC Incorporated Sdn Bhd (Labuan IBFC Inc.) and the Labuan International Insurance Association (LIIA), took place yesterday at the Sime Darby Convention Centre. The event saw over 200 attendees, including regulators from Cambodia, Hong Kong and India’s insurance industry; professionals, investors and service providers from the global captive industry; representatives from government agencies and the media. The involvement of more than 20 sponsors and partners highlighted that the conference was the flagship event for the captive space. Source: BERNAMA News Agency

Bursa Malaysia ended the morning trading session higher, tracking Wall Street’s rally overnight. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 6.96 points to 1,672.61 from Thursday’s close of 1,665.65. The benchmark index opened 5.03 points higher at 1,670.68 and moved between 1,669.37 and 1,674.04 throughout the session. Gainers outpaced decliners 663 to 403, with 410 counters unchanged, 1,039 untraded and 32 suspended. Turnover stood at 2.15 billion units worth RM1.72 billion. In a research note today, Hong Leong Investment Bank said the FBM KLCI resumed its uptrend towards short-term resistances at the 1,684-1,710 levels in the

The door for negotiations regarding the memorandum of understanding (MoU) on allocations for opposition Members of Parliament is not closed, and the government is ready to discuss the matter further, said Communications Minister Fahmi Fadzil. Fahmi, who is also the Unity Government spokesman, said the draft MoU serves as a discussion platform and is not a final document. “The door for negotiations is not closed; it is the opposition that has closed it. If the opposition truly wishes to discuss, let’s have that discussion without fear. Come and talk. We are ready to talk,” he said when speaking at the

The country’s halal industry players are advised not to be too open about sharing knowledge, strategies and marketing tactics with other countries to maintain Malaysia as the world’s leading halal product certification and production leader, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Ahmad Zahid who is also the chairman of the Halal Industry Development Council emphasised that excessive information sharing may cause other countries to imitate Malaysia’s approach, thereby affecting the country’s position as a leader in halal products since 1974. “For example, Malaysia used to be the number one producer and exporter of rubber and palm

The National Guidelines on Artificial Intelligence Governance and Ethics (AIGE) were launched today, to establish a robust framework for users, policymakers, and AI technology providers to ensure adherence to the highest ethical standards. Speaking at the launch, Deputy Prime Minister Datuk Seri Fadillah Yusof emphasised that AIGE represents the government’s commitment to establishing a safe, ethical, and public welfare-oriented technology ecosystem. ‘These guidelines aim not only to provide a framework for users, policymakers, and AI technology providers but also to ensure that every step taken aligns with the highest ethics. Source: BERNAMA News Agency