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Tax Reforms Will Help Reduce Inequality In Malaysia -- World Bank

KUALA LUMPUR, Feb 5 (Bernama) -- Malaysia needs tax reforms to raise additional revenues for reducing inequality, according to the World Bank.

MAHB: PAC Must Use Proper Channels To Seek Explanation, Clarification - Loke 

PUTRAJAYA, Feb 5 (Bernama) -- Transport Minister Anthony Loke today emphasised that the Public Accounts Committee (PAC) is required to adhere to proper channels when seeking any explanations from his Ministry, including on Malaysia Airports Holdings Bhd’s (MAHB) share sales.

Business Schools Gear Up For GenAI Revolution - AACSB Survey 

KUALA LUMPUR, Feb 4 (Bernama) -- Business school deans are generally more optimistic about the potential of generative AI (GenAI), while faculty tend to be more cautious, citing concerns about ethical implications and their institution’s readiness, according to AACSB International (AACSB)’s new report.

Collaboration Across Sectors Key To Building Financial Inclusion Ecosystem - Analysts

KUALA LUMPUR, Feb 4 (Bernama) -- Collaboration among government agencies, financial institutions and businesses is essential to create an ecosystem that supports financial inclusion, said analysts.

Solidus Labs' Trade Surveillance Academy To Bridge Knowledge Gap In Financial Compliance 

KUALA LUMPUR, Feb 3 (Bernama) -- Solidus Labs, the category-defining leader in cross-asset trade surveillance and risk monitoring, has launched the first-of-its-kind Trade Surveillance Academy (TSA), a publicly available training programme aimed at addressing the knowledge gap in the emerging field of trade surveillance.

Local Institutions Support Bursa Malaysia For 15th Week - MIDF

KUALA LUMPUR, Feb 3 (Bernama) -- Local institutions extended their support for Bursa Malaysia for the 15th consecutive week, recording net purchases of RM149.4 million, MIDF Amanah Investment Bank Bhd (MIDF) said.

Serunai Commerce Partners Jordan To Enhance Halal Ecosystem

KUALA LUMPUR, Feb 1 (Bernama) -- Halal digital technology provider Serunai Commerce Sdn Bhd has teamed up with Jordan to enhance the country’s halal ecosystem under the reverse linkage modality of the Islamic Development Bank (Islamic DB).

Citaglobal Unit Buying Land At Jalan Tun Razak, Kuala Lumpur, For RM73 Mln

KUALA LUMPUR, Jan 31 (Bernama) -- Citaglobal Bhd, through wholly-owned subsidiary Sinergi Dayang Sdn Bhd, is acquiring a piece of land measuring 6,410 sq metres (0.63 hectare) at Jalan Tun Razak, Kuala Lumpur, for RM73 million.

Malaysia's Official Reserve Assets At US$116.22 Bln As At End-December 2024 - BNM

KUALA LUMPUR, Jan 31 (Bernama) -- Malaysia’s official reserve assets amounted to US$116.22 billion, while other foreign currency assets stood at US$4.50 million as at end-December 2024, said Bank Negara Malaysia (BNM). 

BNM Fines Ambank RM875,000 And WSMC RM51,000 For Regulatory Non-Compliance

KUALA LUMPUR, Jan 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed a compound of RM875,000 on AmBank (M) Bhd on Nov 18, 2024, for failing to comply with the Direction to Financial Institutions of the Financial Services Act 2013 (FSA).

BNM Imposes Penalties Totalling RM1.66 Mln On Four Financial Institutions

KUALA LUMPUR, Jan 28 (Bernama) -- Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMP) totalling RM1.66 million on four financial institutions for non-compliance with the Financial Services Act 2013 (FSA) and/or Islamic Financial Services Act 2013 (IFSA).

SSM Launches Access To Beneficial Ownership information, Enhances Corporate Transparency

KUALA LUMPUR, Jan 28 (Bernama) -- The Companies Commission of Malaysia (SSM) has launched the facility for accessing information on companies’ beneficial owners to enhance transparency in corporate practices.