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Labuan FSA Grants Conditional Approvals To Two Islamic Digital Banks Under Regulatory Sandbox

LABUAN, Oct 10 (Bernama) -- The Labuan Financial Services Authority (Labuan FSA) has granted conditional approvals to Green Digital Bank Corp and Fasset Islamic Digital Bank Ltd to operate as Islamic digital banks within the Labuan International Business and Financial Centre (Labuan IBFC).

Midea Targets US$1.5 Bln Revenue In APAC By 2028

KUALA LUMPUR, Oct 9 (Bernama) -- Midea is building unstoppable momentum toward its ambition of becoming the world’s No.1 smart home appliance company with a target of US$1.5 billion sales revenue in Asia-Pacific (APAC) by 2028.

Snowflake To Launch Local AI Data Cloud Instance On AWS Malaysia Region By 2026

KUALA LUMPUR, Oct 9 (Bernama) -- Snowflake Inc, an American artificial intelligence (AI) data cloud company, is expanding its presence in Malaysia with plans to deploy a local instance on the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region.

Malaysia’s Top Developers Honoured At 12th PropertyGuru Asia Awards Malaysia

KUALA LUMPUR, Oct 9 (Bernama) -- Malaysia’s property sector saw its finest recognised at the 12th PropertyGuru Asia Awards Malaysia, which featured 73 categories celebrating outstanding achievements in luxury residences, affordable housing, and innovative commercial developments across the nation.

Selangor To Hit 100 Pct 5G Coverage Early Next Year

KUALA LUMPUR, Oct 8 (Bernama) -- Selangor is aiming to achieve 100 per cent 5G network coverage in the state’s populated areas by early 2026, said state executive councillor for Islamic Religious Affairs and Cultural Innovation Dr Mohammad Fahmi Ngah.

HIES 2024: Malaysia Achieves Major Milestone With Hardcore Poverty Rate At 0.09 Pct

PUTRAJAYA, Oct 8 (Bernama) -- Malaysia has achieved a major milestone with hardcore poverty almost eradicated, recording a rate of 0.09 per cent based on the 2024 Household Income and Expenditure Survey (HIES) announced today, compared with 0.2 per cent in 2022.  

Budget 2026: Digital Banks Hope Targeted Subsidies, Cash Aid Channelled Via Their Platforms 

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, Oct 8 (Bernama) – Digital banks are urging the government to prioritise the distribution of targeted subsidies and cash aid in Budget 2026 through digital banking platforms, highlighting their potential to deliver a more equitable and efficient system.

SC Targets RM2 Bln In Single Family Office AUM By 2026

KUALA LUMPUR, Oct 6 (Bernama) – The Securities Commission Malaysia (SC) is targeting RM2 billion in assets under management (AUM) by the end of 2026 under the Single Family Office (SFO) Incentive Scheme, after receiving 30 Expressions of Interest since the scheme was launched in September 2024.

AKPK Introduces Siri Budi To Improve Malaysians' Financial Literacy

KUALA LUMPUR, Oct 4 (Bernama) -- The Credit Counselling and Debt Management Agency (AKPK) has launched Siri BUDI, a four-volume Malay-language financial guide to strengthen money management among Malaysians from youth to retirement.

Malaysia Re-elected To ICAO Council, Affirms Global Aviation Leadership

KUALA LUMPUR, Oct 3 (Bernama) -- Malaysia has been successfully re-elected to the International Civil Aviation Organisation (ICAO) Council as a Part III member for the 2025–2028 term, an achievement that reaffirms the country’s leadership in global aviation.

CMA Seeks Input On Opening Main Market To Non-Resident Foreign Investors

KUALA LUMPUR, Oct 2 (Bernama) -- The Capital Market Authority (CMA) has called on relevant stakeholders and interested parties in the capital market to submit feedback on a proposal to open the Main Market to all categories of non-resident foreign investors, enabling them to invest directly.

​EIG’s Midocean Energy Acquires 20 Pct Stake In Petronas’ Canadian LNG Assets 

KUALA LUMPUR, Oct 1 (Bernama) -- MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has entered into definitive agreements to acquire a 20 per cent interest in key Canadian energy assets owned by PETRONAS, Malaysia’s state-owned energy giant.