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Bank Negara Malaysia has reaffirmed that guidance provided to Tabung Haji forms part of its statutory obligation to safeguard financial stability under the Central Bank of Malaysia Act 2009.
International credit rating agency AM Best has assigned a stable outlook to MAAGAP Insurance Inc of the Philippines, backed by the company's robust balance sheet and capital adequacy, though elevated catastrophe exposure remains a consideration.
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The MADANI administration is partnering with Bank Negara Malaysia and financial institutions to strengthen financial inclusion through new credit products, reduced banking charges, and targeted relief for businesses affected by global economic headwinds.