The Employees Provident Fund (EPF) is looking into restructuring the account of its members to introduce a new mechanism for saving and withdrawal, and to align the withdrawal age of its members with their minimum retirement age.

EPF looking into restructuring its members’ account and more

KUALA LUMPUR (Oct 9): Malaysians are set to officially welcome its fifth digital asset exchange (DAX) or cryptocurrency trading platform in the first quarter of 2024.

Ex-Luno general manager to launch new digital asset exchange

KUALA LUMPUR (March 7): Women in Asia are taking the reins in building their financial security though investing, and thus challenging the view that Asia compared to the West is still a patriarchal society.

Rising number of women investors can reshape economies

Betamek Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia Securities Bhd.

ACE Market-bound Betamek inks underwriting deal with M&A Securities

MyCIF co-invested RM357 mil in 2,279 MSMEs via ECF and P2P platforms

KUALA LUMPUR (Aug 22): A new ESG-themed (environmental, social and governance) fund has entered the market for investors who want to participate in the sustainable investing trend.

New ESG-themed fund launched

The combined wealth of tycoons on the 2022 Forbes list of Malaysia’s 50 richest fell 10% from a year ago to US$80.5 billion (about RM353.92 billion).

Wealth of Malaysia’s 50 richest has fallen 10% y-o-y, says Forbes  

The US Federal Reserve’s monetary policy tightening cycle is likely to be short and sharp, with two 50-basis-point hikes taking place in June and July. This will take the federal funds rate (FFR) towards 1.75% by end-July, with further hikes remaining on balance as the US Fed takes a pause-and-wait approach.

How much higher will the US dollar go?

KUALA LUMPUR (May 24): For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate.

In a report titled “Profiting from Pain” published on Monday (May 23), Oxfam International sa...

Pandemic created new billionaire every 30 hours, now millions could fall into poverty, says Oxfam

Land & General Bhd (L&G) on Monday (April 25) launched an easy home ownership campaign with Affin Bank Bhd for its ongoing projects, namely Astoria Ampang in Jalan Ampang and Damansara Seresta in Bandar Sri Damansara, Kuala Lumpur, as well as Sena Parc in Senawang, Negeri Sembilan.

L&G and Affin launch easy home ownership campaign

When L Y Tee checked her office email at home while trying to help her children with their schoolwork during the Moveme...

In an uncertain job market, AIA offers a stable career

Mark Zuckerberg became US$31 billion (about RM129.66 billion) poorer on Thursday (Feb 3) as Meta Platforms Inc's one-day stock crash now ranks as the worst in stock-market history.

Zuckerberg’s net worth dropped to US$89.6 billion after losing some US$35.9 billion year-to-date (YTD), according to the Bloomberg Billionaires Index.

Zuckerberg US$31 billion poorer after Meta meltdown

Elon Musk and Jeff Bezos collectively crossed the half trillion dollar threshold in their personal wealth, amassing a total US$501 billion on the Bloomberg Billionaires Index.

Elon Musk — who is SpaceX CEO and chief engineer, and Tesla Inc's early stage investor, CEO, and product architect — consolidated his pole position on the index with a fortune of US$302 billion.

Musk and Bezos worth half a trillion dollars, Teh Hong Piow slips further

Banks are seen by managers across most Asia ex-Japan markets, except Taiwan, as the most effective channel to promote retirement products to retail investors aged 60 and above, as well as to younger investors in certain markets.

Banks seen as key partners in promoting retirement products in Asia, says Cerulli

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Selangor Sultan officiates launch of S P Setia’s LakePoint Complex at Setia AlamImpian

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Selangor Sultan conveys condolences to Tun Hanif Omar’s family

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

Kuala Kubu Baharu by-election: PN to hold supreme council meeting on Monday

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

'Crowded' megacap trade in US stocks awaits earnings test

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Tesla's Elon Musk postpones India trip, aims to visit this year

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

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