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Legally Speaking – Islamic finance in Malaysia

02 February, 2021      200

MALAYSIA’S Islamic finance industry is growing steadily despite the calamities caused by Covid-19 outbreak in 2020. The data in the Economic Outlook 2021 report published by the Finance Ministry (MoF)...

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Growing pressure on insurers to cover Covid-19 treatment at private hospitals

01 February, 2021      43

WITH the number of Covid-19 cases rising, a pressing issue that is being hotly debated is whether insurance companies should be made to bear the cost for infected policyholders who...

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SC, Bursa advise investors to be cautious of social media influence after Gamestop frenzy

29 January, 2021      61

KUALA LUMPUR (Jan 29): The Securities Commission Malaysia (SC) and Bursa Malaysia said they are closely monitoring the local stock market in light of the current price surge of selected...

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Licensed by Securities Commission, new app Versa offers Malaysians another way to grow their cashpile

28 January, 2021      45

KUALA LUMPUR, Jan 28 — A new mobile application called Versa launched its platform today, offering Malaysians an alternative to fixed deposits that allows them to grow any idle cash...

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KPower collaborates with Public Islamic Bank to finance and install solar PV systems

27 January, 2021      95

KUALA LUMPUR (Jan 27): KPower Engineering Sdn Bhd (KPEng), a wholly-owned subsidiary of KPower Bhd, has entered into a memorandum of agreement (MOA) today with Public Islamic Bank Bhd (PIBB)...

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BNM OPR cut seen as MCO drives Malaysian GDP slippage risk — UOB

26 January, 2021      43

KUALA LUMPUR (Jan 26): Bank Negara Malaysia (BNM) may cut the overnight policy rate (OPR) one more time to support the country's economic growth should the reenforcement of Malaysia's Movement...

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Covid-19: Insurance players in talks with MoH, BNM on easing patients' expenses

17 January, 2021      72

KUALA LUMPUR (Jan 17): The insurance industry is currently in talks with the Ministry of Health (MoH) and Bank Negara Malaysia (BNM) to explore ways insurers and takaful operators can...

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Cautious trading on Bursa expected ahead of OPR announcement next week

16 January, 2021      110

KUALA LUMPUR (Jan 16): Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) announcement on Wednesday. Bank Islam Malaysia Bhd...

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BNM expected to cut OPR to new low of 1.5% — DBS Group Research

15 January, 2021      84

KUALA LUMPUR (Jan 15): DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the...

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BNM issued warning letters to nine illegal money services business operators

14 January, 2021      68

KUALA LUMPUR (Jan 14): Bank Negara Malaysia (BNM) issued warning letters to nine entities for conducting illegal money services business between September and November last year. The list comprises Sepakat Network,...

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