Wasco Bags Double Win At The Edge Malaysia's ESG Awards 2024

KUALA LUMPUR, Oct 16 (Bernama) -- Wasco Bhd has achieved a double win at The Edge Malaysia’s Environmental, Social, and Governance (ESG) Awards 2024.

FinbotsAI, Worldline To Provide Financial Institutions AI Credit Modelling Access

KUALA LUMPUR, Oct 15 (Bernama) -- FinbotsAI, an Accel portfolio fintech, has collaborated with Worldline, a global payments leader, to put artificial intelligence (AI) credit modelling in the hands of financial institutions.

MTA Unveils Maqasid Shariah Scorecard To Enhance Impact, Sustainability Of Takaful Industry

KUALA LUMPUR, Oct 15 (Bernama) -- The Malaysian Takaful Association (MTA) has launched the Maqasid Shariah Scorecard (MSS), a transformative initiative aimed at assessing the industry’s impact and sustainability. 

BNM: Takaful Industry Urged to Adopt Ta'awun Concept for Enhanced Social Cohesion, Wealth Distribution

KUALA LUMPUR, Oct 15 (Bernama) -- Takaful industry players are urged to embrace the aspirations of the recently issued exposure draft on the broader application of Ta`awun in takaful to explore new models in promoting social cohesion and wealth distribution.

Government To Look Into A 'Scorecard' For High-quality Investments - MITI

KUALA LUMPUR, Oct 15 (Bernama) -- The government is looking at having a clear scorecard focused on high-quality investments and incentives to align with the National Investment Aspirations (NIA) and New Industrial Master Plan (NIMP), said the Investment, Trade and Industry Ministry (MITI). 

Budget 2025 Set To Expand Tax Base With Expected Sugar Tax, HVGT, GloBE -- Economist

KUALA LUMPUR, Oct 14 (Bernama) -- The government is expected to unveil new tax measures in the upcoming Budget 2025, set to be tabled this Friday, as the tax base has shown limited growth since the Goods and Services Tax (GST) was abolished in 2018.

Malaysia Could Supercharge FDI Through Budget 2025 Initiatives - Analysts

By Siti Radziah Hamzah

KUALA LUMPUR, Oct 11 (Bernama) -- Malaysia could supercharge its foreign direct investment (FDI) through Budget 2025 by offering bold tax incentives, streamlined regulations, and targeted sector support, said analysts.

Malaysia Increasingly Attractive To Foreign Investors -- UBS Global Research

KUALA LUMPUR, Oct 10 (Bernama) -- Malaysia has become increasingly attractive to foreign investors due to several factors, such as the country’s political stability and track record in exercising fiscal responsibility, said UBS Global Research. 

Rise Of Fintech, AI Requires Clear, Strong Governance Framework - ADFIM

KUALA LUMPUR, Oct 9 (Bernama) -- The rise of financial technology (fintech) and artificial intelligence (AI) in today’s rapidly changing world presents both opportunities and challenges such as the use of AI in credit scoring that has raised concerns about algorithm bias and the possibility of unfair lending practices.

Singapore Retains Top Spot For Financial Inclusion Globally - Research

KUALA LUMPUR, Oct 8 (Bernama) -- Singapore is once again the world’s most financially inclusive market for the third year in a row, among 41 markets analysed, as measured by Principal Financial Group's third edition of the Global Financial Inclusion Index.

HLIB, RHB IB Maintain 'Buy' Call On Kossan Rubber Industries

KUALA LUMPUR, Oct 7 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Kossan Rubber Industries Bhd (KRI) to deliver a rather flattish third quarter for the financial year 2024 (3Q FY2024), due to domestic competition and stronger sequential earnings from 4Q FY2024 onwards.

Malaysia’s GBS Sector Should Focus On Digital Impact, Talent Development To Maintain Competitive Edge - Expert

PETALING JAYA, Oct 6 (Bernama) -- While Malaysia ranks among the top three global business services (GBS) hubs in the world, primarily driven by its cost advantage, the country must also place greater emphasis on the digital impact and talent development to maintain its competitive edge.