malaysia - Banking & Finance - News

Dewan Rakyat approves MoF motion

KUALA LUMPUR, Oct 15 (Bernama) - The Dewan Rakyat today approved a motion tabled by Finance Minister Lim Guan Eng to allow the government to transfer RM23.5 billion as Malaysian Government Investment Issues (MGII).
Date: 15 October 2018; Type: Legal News; Source: Bernama

Launch of Professional Mobility Framework, Social and Sustainability Bond Standards

The ASEAN Capital Markets Forum (ACMF) met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building.
Date: 11 October 2018; Type: Industry Updates; Source: Securities Commission

Effective Policy Making needs Global Perspective - BNM governor

KUALA LUMPUR, Oct 9 (Bernama) - Monetary and fiscal policies should have global perspectives as any fallout often spread across the borders, says Bank Negara Malaysia's (BNM) Governor Datuk Nor Shamsiah Mohd Yunus.
Date: 09 October 2018; Type: Industry Updates; Source: Bernama

Former Investment Banker Sentenced to Six Months Jail and Fined RM 1 Million for Insider Trading

The Kuala Lumpur Sessions Court today convicted and sentenced a former employee of an investment bank for insider trading in the shares of PacificMas Bhd (PacificMas). Lim Bun Hwa, 42, was sentenced to six months jail and fined RM 1 million after he pleaded guilty today to five charges of insider trading under section 188(2)(a) of the Capital Marke ...
Date: 03 October 2018; Type: Legal News; Source: Securities Commission

Framework to assess Islamic Finance Impact on Economy Needed - Zeti

KUALA LUMPUR, Oct 4 (Bernama) - A framework to evaluate the impact of Islamic finance on the economy should be the next agenda in shaping its development, said former Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz.
Date: 04 October 2018; Type: Industry Updates; Source: Bernama

Zeti honoured with Royal Award for Islamic Finance

KUALA LUMPUR, Oct 3 (Bernama) - Former Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, 71, was today honoured with the Royal Award for Islamic Finance 2018.
Date: 03 October 2018; Type: Industry Updates; Source: Bernama

Former Senior Bank Manager jailed, fined RM1 Million for Insider Trading

KUALA LUMPUR, Oct 3 (Bernama) - A former senior manager of a bank was sentenced to six months’ jail and fined RM1 million by the Sessions Court here today on five counts of charges with acquiring 145,000 units of PacificMas Berhad 11 years ago with inside information. Judge Mahyon Talib handed the sentence on Lim Bun Hwa, 42, who pleaded ...
Date: 03 October 2018; Type: Legal News; Source: Bernama

BNM publishes New VBI Assessment Framework, Scorecard

KUALA LUMPUR, Oct 3 (Bernama) - Bank Negara Malaysia today published a new assessment framework Strategy Paper on Value-based Intermediation (VBI) Impact Assessment Framework (VBIAF) and the VBI Scorecard.
Date: 03 October 2018; Type: Industry Updates; Source: Bernama

30 Shariah Advisory Authorities join Inaugural Islamic Finance Meeting

KUALA LUMPUR, Oct 2 (Bernama) - The inaugural roundtable meeting of centralised Shariah advisory authorities in Islamic finance has attracted 30 senior Shariah advisory authorities and supervisory authorities from seven jurisdictions to exchange experiences, views and ideas on issues in Islamic finance.
Date: 02 October 2018; Type: Industry Updates; Source: Bernama

MTA, IBFIM launch revised Takaful Basic Examination

KUALA LUMPUR, Sept 24 (Bernama) - The Malaysian Takaful Association (MTA) and Islamic Banking and Finance Institute Malaysia (IBFIM) today launched the revised Takaful Basic Examination (TBE).
Date: 24 September 2018; Type: Industry Updates; Source: Bernama

Bursa Malaysia enhances Sector Classification, Sectoral Indices

KUALA LUMPUR, Sept 24 (Bernama) - Bursa Malaysia Bhd has enhanced the exchange's sector classification and sectoral indices, including introducing five new sectors to align its sector classification with internationally recognised standards.
Date: 24 September 2018; Type: Legal News; Source: Bernama

Government to announce SST Goods List Review before 2019 Budget

KUALA LUMPUR, Sept 20 (Bernama) - The outcome of review of the list of goods under the Sales and Services Tax (SST) is expected to be announced before the tabling of the 2019 Budget, said Finance Minister Lim Guan Eng.
Date: 20 September 2018; Type: Industry Updates; Source: Bernama

SC liberalizes Framework for Retail Investment in Corporate Bond, Sukuk Market

KUALA LUMPUR, Sept 19 (Bernama) - The Securities Commission Malaysia (SC) has announced the liberalisation of its regulatory framework to facilitate greater retail access to the RM1.3 trillion Malaysian bond and sukuk market. The liberalization forms part of the SC’s continued efforts to further develop this market, currently the third l ...
Date: 19 September 2018; Type: Legal News; Source: Bernama

SC orders Promoter to cease Lavidacoin Activities

KUALA LUMPUR, Sept 5 (Bernama) - The Securities Commission Malaysia (SC) has issued a notice directing the promoter of Lavidacoin to cease all promotional activities in relation to LaVida Coin with immediate effect, pending further review by the regulator into the matter.
Date: 05 September 2018; Type: Legal News; Source: Bernama

Malaysia Banks on Pragmatic Foreign Policy to attract Investments - Deputy FM

PUTRAJAYA, Sept 3 (Bernama) - Malaysia will continue to promote a forward-looking and pragmatic foreign policy that facilitates trade and attracts foreign investment under the leadership of Prime Minister Tun Dr Mahathir Mohamad.
Date: 03 September 2018; Type: Industry Updates; Source: Bernama

EPF warns Members of Fake Website

KUALA LUMPUR, Aug 28 (Bernama) - The Employees Provident Fund (EPF) has identified a viral message which claimed that members who worked between 1990 and 2018 are entitled to a RM6,000 incentive.
Date: 28 August 2018; Type: Industry Updates; Source: Bernama

China's MOF, Securities Commission Malaysia sign MoU on Regulatory Cooperation

KUALA LUMPUR, Aug 20 (Bernama) - The Securities Commission Malaysia (SC) and China’s Ministry of Finance (MOF China) today signed a memorandum of understanding (MoU) for cross-border regulatory cooperation on accounting and audit matters under their respective oversight.
Date: 20 August 2018; Type: Industry Updates; Source: Bernama

BNM and People's Bank of China renew Bilateral Currency Swap

KUALA LUMPUR, Aug 20 (Bernama) - Bank Negara Malaysia (BNM) and the People’s Bank of China recently entered into an agreement to renew the bilateral currency swap arrangement with a size of RMB180 billion/RM110 billion for a further tenure of three years.
Date: 20 August 2018; Type: Legal News; Source: Bernama

BNM reveals 1MDB was fined RM15 mln

KUALA LUMPUR, Aug 17 (Bernama) - Bank Negara Malaysia (BNM) imposed a RM15 million fine on the debt-ridden 1Malaysia Development Bhd (1MDB) at the “time that the central bank was allowed to do so”, said BNM Governor Datuk Nor Shamsiah Mohd Yunus.
Date: 17 August 2018; Type: Legal News; Source: Bernama

DFIs need to ensure Long Term Financial Sustainability - BNM

KUALA LUMPUR, Aug 9 (Bernama) - Development financial institutions (DFIs) need to diversify sources of funding to be sustainable in the long run and not be dependent on fiscal support to deliver their mandates, said Bank Negara Malaysia (BNM) Governor, Datuk Nor Shamsiah Yunus.
Date: 09 August 2018; Type: Industry Updates; Source: Bernama

INDUSTRY UPDATES

Deterrent Punishment must be imposed if Death Sentence to be abolished - AADK

BANGI, Oct 15 (Bernama) - The National Anti-Drug Agency (AADK) urged the government to decide on appropriate punishment for drug offences, if the mandatory death sentence to be abolished, says its director-general Datuk Seri Zulkifli Abdullah.

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Parliament building declared Smoke-Free Zone

PUTRAJAYA Oct 15 - Smoking-designated corners inside the Parliament building have been declared as smoke-free zones, effective today, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

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INDUSTRY UPDATES

Launch of Professional Mobility Framework, Social and Sustainability Bond Standards

The ASEAN Capital Markets Forum (ACMF) met in Singapore and launched two key initiatives to drive a more connected and sustainable ASEAN capital market. These initiatives complement the measures introduced by the ACMF on collective investment schemes, corporate governance, disclosure standards and capacity building.

Read More

INDUSTRY UPDATES

Total Abolition of the Death Penalty - The Right Time to Do the Right Thing, says Bar

The Malaysian Bar has wholeheartedly welcomed the decision of the Malaysian Cabinet to totally abolish the death penalty in Malaysia. "We commend the Minister in the Prime Minister’s Department (Law), Datuk Liew Vui Keong, for making the announcement on 10 October 2018, which coincided with the 16th World Day Against the Death Penalty. We look forward to seeing the legislation being tabled and passed by both houses of Parliament in the Parliamentary session that begins on 15 October", said the President of the Malaysian Bar, Mr. George Varughese.

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INDUSTRY UPDATES

SC advocates Sustainable Investing at InvestSmart Fest 2018

InvestSmart® Fest 2018, an investor education initiative by the Securities Commission Malaysia (SC), was officiated by Yang Berhormat Syed Saddiq Syed Abdul Rahman, Minister of Youth and Sports Malaysia at the Kuala Lumpur Convention Centre today.

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INDUSTRY UPDATES

Regulation on Black Shoes for Students to be fully enforced in 2021

PUTRAJAYA, Oct 13 (Bernama) - The requirement for students in government and government-aided schools to wear only black shoes to school will only be fully enforced in 2021, said the Education Ministry (MOE).

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INDUSTRY UPDATES

Sarawak Trade Office in Singapore to start operating on January 1

KUCHING, Oct 12 (Bernama) - Sarawak will set up three regional trade offices, including in Singapore, next year as a liaison between the state's exporters and the international business community.

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Rule of Law important for Nation's Recovery Process - Mahathir

PUTRAJAYA, Oct 10 (Bernama) - All the people in the country, even the administrators and the Rulers, have to abide by the laws because this is important in the ongoing process of rehabilitating the country, Tun Dr Mahathir Mohamad said today.

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Immediate Moratorium on Use of the Sedition Act 1948 is Crucial, Pending Its Repeal

The Malaysian Bar have claimed that it is heartened by the statement reportedly made by the Minister of Communications and Multimedia, Gobind Singh Deo, that the repeal of the Sedition Act 1948 (“Sedition Act”) “should take place at the next sitting of Parliament”.

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INDUSTRY UPDATES

MITI to improve Investment Incentives

KUALA LUMPUR, Oct 9 (Bernama) - The Ministry of International Trade and Industry (MITI) is looking to improve investment incentives that would give win-win results for both the investors and nation, says Minister Datuk Darell Leiking.

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INDUSTRY UPDATES

Effective Policy Making needs Global Perspective - BNM governor

KUALA LUMPUR, Oct 9 (Bernama) - Monetary and fiscal policies should have global perspectives as any fallout often spread across the borders, says Bank Negara Malaysia's (BNM) Governor Datuk Nor Shamsiah Mohd Yunus.

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INDUSTRY UPDATES

Death Penalty and Whipping are never the Solution to combat Corruption or any other Crimes

"The Malaysian Bar had unequivocally opposed the recent proposal, mooted by the Malaysian Anti-Corruption Commission (“MACC”) and various other parties, to introduce the death penalty and caning as punishments for corruption", says its president George Varughese.

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Ministry, SME Bank join hands to develop Women Entrepreneurship

KUALA LUMPUR, Oct 8 (Bernama) - The Ministry of Women, Family and Community Development and its agencies will be working together with the Small Medium Enterprise Development Bank (SME Bank) to help boost women’s participation in business.

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INDUSTRY UPDATES

Chief Judge of Sabah and Sarawak heads List of 1,158 Sabah Award Recipients

KOTA KINABALU, Oct 5 (Bernama) - The Chief Judge of Sabah and Sarawak Datuk David Wong Dak Wah heads a list of 1,158 recipients of awards and medals in conjunction with the 65th birthday of the Yang Dipertua Negeri of Sabah, Tun Juhar Mahiruddin, tomorrow.

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Rantau Election Petition: Court sets October 10 for Decision on Contempt of Court Proceedings

SEREMBAN, Oct 5 (Bernama) - The Special Election Court here today set Oct 10 for the decision whether to continue with the contempt of court proceedings involving one of the witnesses in the election petition hearing filed by Dr S. Streram to nullify the Election Commission’s decision for the Rantau state seat in the 14th General Election (GE14).

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