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

Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.

Invest Selangor eyes RM7b transaction value from SIBS 2024

It is the polling day for the Kuala Kubu Baharu (KKB) by-election, yet voter turnout remains low, with only approximately 18.05% of eligible voters having cast their ballots as of 10am on Saturday, as reported by the Election Commission.

Kuala Kubu Baharu by-election: 18.05% voter turnout as of 10am

RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.

RHB pushes hard for desired growth

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of tariffs expected to be announced by the US.

Soyoil jumps on bets US tariffs to include Chinese cooking oil

No major app developers have signed up to use outside payment options that Apple Inc introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Apple says no major app developers accept new outside payments

A total of 18 polling centres with 74 voting streams for the Kuala Kubu Baharu state by-election opened simultaneously at 8am on Saturday.

Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US economic growth.

Global stocks rally, Europe at record highs, dollar gains

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Awantec, InNature, Paramount, Eco World International, Mi Technovation, MAA, KNM, Pharmaniaga, Jiankun, Nova MSC, Sarawak Cable

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.

A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.

No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.

It is the polling day for the Kuala Kubu Baharu (KKB) by-election, yet voter turnout remains low, with only approximately 18.05% of eligible voters having cast their ballots as of 10am on Saturday, as reported by the Election Commission.

Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.

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