Day: August 19, 2024

KUALA LUMPUR, The Securities Commission (SC) Malaysia has updated its Investor Alert List to include three unauthorised entities as well as one potential clone entity. In its post on X today, the SC said the unauthorised entities were Minos Markets Ltd, ZFinances and Cikgu Syahmi Academy. The regulator also urged investors to beware of a potential clone entity posing as a legitimate entity. ‘A potential clone entity called ‘Bursa Malaysia Biz’ has misused the name and credentials of Bursa Malaysia Bhd, an exchange company under the purview of the SC and the Ministry of Finance,’ it said. The SC also

PUTRAJAYA, The Unity Government is committed to ensuring that the bumiputera agenda continues to be prioritised in every national socio-economic development plan, said Economy Minister Rafizi Ramli. He said this will not deny the rights of other races; on the contrary, it will be able to benefit all races in terms of the development and progress of the country. Rafizi said there is still plenty of room and opportunity for bumiputera to rise to be level in economic status as their friends from other races, and even compete on the world stage. ‘There are still various issues plaguing bumiputera today,

GEORGE TOWN, Maxis Bhd has partnered with property developer IJM Perennial Development Sdn Bhd and GlobalComm Telecommunications Sdn Bhd to deliver integrated mobile and fixed connectivity to Penang’s waterfront mixed-use development, The Light City. In a statement today, Maxis said it will also collaborate with IJM Perennial and GlobalComm to develop smart city solutions powered by 5G-Advanced and Internet of Things (IoT) technologies to equip The Light City to be a future-ready development for its residents and businesses. Maxis chief executive officer (CEO) Goh Seow Eng said the partnership positions The Light City at the forefront of technology, facilitating the

KUALA LUMPUR, Bond Pricing Agency Malaysia Sdn Bhd (BPAM) has launched its online, web-based service, the ‘Eko’ platform, designed to support financial institutions and corporations in their sustainability-related regulatory reporting. In a statement today, BPAM said the platform unifies all essential sustainability metrics and analytical tools for regulatory reporting under Securities Commission Malaysia’s (SC) Sustainable and Responsible Investment (SRI) Taxonomy and Bank Negara Malaysia’s (BNM) Climate Change and Principle-based Taxonomy (CCPT) Classification into a single, user-friendly interface whilst eliminating the need to consult multiple sources. ‘The Eko platform is an evolved version of the first-generation BPAM CCPT Classification Service, launched

KUALA LUMPUR, RHB Investment Bank Bhd has reaffirmed its optimistic outlook on Malaysia’s gross domestic product (GDP) for 2024, buoyed by resilient trade data from July. The investment bank recently revised its 2024 full-year GDP forecast to five per cent year-on-year (y-o-y), up from the previous projection of 4.6 per cent. In a note today, RHB highlighted that July’s exports accelerated by 12.3 per cent y-o-y, surpassing both market consensus of nine per cent and its in-house projection of 7.6 per cent. Meanwhile, imports surged by 25.4 per cent y-o-y, exceeding the consensus estimate of 14.4 per cent and the