Snowflake Can Play An Important Part In ASEAN's DEFA

From Nor Baizura Basri

SAN FRANCISCO, June 4 (Bernama) -- US-based cloud company Snowflake said it could play an important part in the ASEAN Digital Economy Framework Agreement (DEFA) as the bloc’s member countries aim to conclude the negotiations by the end of this year.

CIMB Bank Partners With UnionPay To Enhance Payment Services In Malaysia

KUALA LUMPUR, May 28 (Bernama) -- CIMB Bank Bhd has signed a memorandum of understanding (MoU) with UnionPay International (UPI) to enhance payment services in Malaysia.

Ringgit Set To Stay Firm With Upside Bias Against USD Next Week

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, May 24 (Bernama) -- The ringgit is expected to stay firm with an upside bias against the greenback next week, ahead of the release of US central bank meeting minutes and the US personal consumption expenditures inflation report.

Building Digital Trust Is Key To Unlocking ASEAN's Financial Future

KUALA LUMPUR, May 22 (Bernama) -- As ASEAN pushes forward in its digital transformation journey, addressing persistent issues such as hidden fees, lack of recourse and data privacy is essential to ensure no enterprise is left behind.

Malaysia’s Great Shift: Navigating The High Stakes Of Targeted Subsidies

By Siti Radziah Hamzah

KUALA LUMPUR, April 23 (Bernama) -- As Malaysia embarks on one of the most ambitious reforms to its economic framework in recent decades, the issue of targeted subsidy for diesel has taken centre stage.

Malaysia Committed To Drive DEFA Implementation As ASEAN Chair - Gobind

By Lucia Terey John

KUALA LUMPUR, April  17 (Bernama) -- Malaysia, as this year’s ASEAN chair, is committed to ensuring that the Digital Economy Framework Agreement (DEFA) can be implemented in the near future, said Digital Minister Gobind Singh Deo.

Maybank Expands QR Payment Access To Cambodia Via MAE App

KUALA LUMPUR, April 15 (Bernama) -- Malayan Banking Bhd (Maybank) customers travelling to Cambodia can now make instant KhmerQR retail payments via the MAE mobile application at a low currency conversion fee.

President Xi’s Visit To Malaysia Set To Trigger New Investments Into ASEAN, Says Trade Chamber In China

BEIJING, April 10 (Bernama) -- Chinese President Xi Jinping’s official visit to Malaysia next week will be pivotal in not only triggering new investments in Southeast Asia but also pave the way for further economic development and prosperity in the region.

BNM Museum Launches Two Exhibitions Celebrating ASEAN Currencies, Cultures

By Harizah Hanim Mohamed

KUALA LUMPUR, April 9 (Bernama) -- Bank Negara Malaysia (BNM) Museum and Art Gallery (MAG) is organising two new exhibitions in conjunction with the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting.

Malaysia, Cambodia Launch Second Phase Of Cross-border QR Payment

By Muhammad Faiz Baharin

KUALA LUMPUR, April 8 (Bernama) -- Bank Negara Malaysia (BNM) and the National Bank of Cambodia have launched the second phase of Cross-Border QR Payment, which will enable consumers and merchants in both countries to make and receive instant payments from participating financial institutions.

Artificial Intelligence's Trajectory Is Surging And Risks Deepening Divides - PM Anwar

KUALA LUMPUR, April 8 (Bernama) -- Datuk Seri Anwar Ibrahim has cautioned that the trajectory of artificial intelligence is advancing at lightning speed and if this asymmetrical digital progress is left unchecked, it risks deepening existing divides and fostering inequality.

Banking Industry Prevents Over RM399 Mln In Attempted Fraudulent Transactions In 2024 -- BNM

KUALA LUMPUR, March 24 (Bernama) -- Enhanced security controls enabled the banking industry to avert over RM399 million in attempted fraudulent transactions in 2024, Bank Negara Malaysia (BNM) said.