The Securities Commission Malaysia (SC) has imposed 118 administrative sanctions for various misconducts and breaches of securities laws in 2022.

These included violations of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities, knowingly providing false or misleading information to Bursa Malaysia, violations of the take-overs and mergers provisions, and late submissions of documents under the Lodge and Launch Framework.

SC: 118 administrative sanctions imposed for various misconducts, breaches of securities laws in 2022

The average daily transaction value of the local digital asset market fell 55.05% to RM25.75 million in 2022, from RM57.29 million in 2021, according to the Securities Commission Malaysia (SC)’s Annual Report 2022 revealed on Monday (March 27).

Despite the drop in the average daily transaction value, more new accounts were created. Over 128,000 accounts were created in 2022, which added 17% more to the total since the end of 2021.

SC: Digital assets' average daily transaction value dropped 55% to RM25.75m in 2022

The Securities Commission is actively curbing capital market irregularities, contrary to the general perception that it is not taking action against activities breaching the Capital Markets and Services Act 2007 (CMSA), says chairman Datuk Seri Dr Awang Adek Hussin.

SC actively curbing capital market irregularities, says chairman 

The LEAP Market Transfer Framework to smoothen the transition of listed companies from the LEAP Market to the ACE Market will be rolled out “sooner rather than later”, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.

SC: LEAP-to-ACE framework coming soon, but dual-class shares listing still in the works

Malaysian public-listed companies (PLCs) included in index funds would be appealing as passive funds are growing in the developed and emerging markets across bonds and equities, the Securities Commission (SC) Malaysia said.

SC: PLCs included in index funds would attract growing passive investors

Total funds raised via equity crowdfunding (ECF) fell 36.40% to RM140.38 million in 2022, from RM220.72 million in 2021, according to the Securities Commission Malaysia’s (SC) 2022 Annual Report released on Monday (March 27).

Total funds raised via equity crowdfunding dropped 36.4% to RM140.38 mil in 2022, says SC

Total funds raised via peer-to-peer (P2P) financing increased 38.6% to RM1.58 billion in 2022, from RM1.14 billion in 2021, according to the Securities Commission Malaysia's (SC) 2022 annual report released on Monday (March 27).

SC: Funds raised by peer-to-peer financing increased 38.6% to RM1.58 bil in 2022

Malaysian fund houses’ holdings of Additional Tier 1 (AT1) bonds totalling RM4 billion is unlikely to create systemic issues, given the size of exposure relative to over RM900 billion in asset under management, said Securities Commission Malaysia (SC) chairman Datuk Seri Dr Awang Adek Hussin.

Malaysian fund houses hold RM4b AT1 bonds but no systemic risk seen, says SC chairman

Total committed funds in both private equity (PE) and venture capital (VC) rose 8.45% to RM16.08 billion in 2022 from RM14.83 billion in 2021, according to the Securities Commission Malaysia (SC)’s Annual Report 2022 released on Monday (March 27).

SC: Private equity, venture capital funding up 8.45% to RM16.08b in 2022

The total assets under management (AUM) of licensed fund management companies (FMCs) decreased by 4.69% to RM906.46 billion in 2022, from RM951.05 billion in 2021, according to the Securities Commission Malaysia (SC)’s Annual Report 2022 released on Monday (March 27).

Total AUM of licensed fund managers down 4.69% to RM906.46 bil in 2022 — SC 

The size of the Islamic capital market (ICM) increased to RM2.32 trillion as at end-2022, from RM2.31 trillion as at end-2021, according to the Securities Commission Malaysia (SC)’s Annual Report 2022 released on Monday (March 27).

SC: Size of Islamic capital market rose to RM2.32 trillion in 2022

Foreign holdings in the domestic equity market would decrease to an estimated 14.73% and an outflow of RM109.74 billion contingent upon that all active and passive non-strategic investors exit the market, according to a risk simulation by the Securities Commission Malaysia (SC).

SC's risk simulation estimates RM109.74b outflow if all foreign non-strategic investors exit local equity market

The Securities Commission Malaysia (SC) has considered a total of 77 applications for take-over and mergers, of which the regulator declined two applications in 2022, according to the SC Annual Report 2022.

SC: Total of 77 applications, two denied, under take-overs and mergers code and rules

Malaysia’s total funds raised in the capital market climbed 36.6% to RM179.4 billion in 2022, from RM131.3 billion a year earlier, despite an increasingly pessimistic global economic outlook and tighter global financial conditions. 

Of the entire amount, RM26 billion was raised via the equity market (with RM3.5 billion via 35 initial public offerings and RM22.6 billion through secondary fundraising), while RM153.3 billion was issued through the corporate bond market, according to the Securities Commission Malaysia's (SC) Annual Report 2022 released on Monday (March 27).

SC: RM179.4b raised in capital market in 2022, up 36.6% 

The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lacklustre earnings, uncertainties surrounding central bank policy and geopolitical strife.

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents

Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided.

Oil settles slightly higher as Iran plays down reported Israeli attack

The Nasdaq and the S&P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

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

The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.

IMF urges Bank of Japan to tread cautiously in raising interest rates

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

Israel's Iran attack carefully calibrated after internal splits, US pressure

Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.

Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.

Anwar arrives in Kota Kinabalu for one-day visit

Parties in the Unity Government have their methods to ensure a win in the Kuala Kubu Baharu by-election next month, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.

Unity Govt parties have ways to ensure victory in Kuala Kubu Baharu polls — Ahmad Zahid

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.

Travellers to and from Singapore carrying over S$20,000 must submit online declaration from May 13

KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement. The suspension took effect from 2.30pm onwa...

Sapura Energy, PIE Industrial, LSH Capital, YX, Westports, Yinson, Sime Darby Property, MISC, Meta Bright, EG Industries, Hextar, Uzma, Nova MSC and Iconic Worldwide

KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement. The suspension took effect from 2.30pm onwa...

KUALA LUMPUR (April 19): M&amp;A Equity Holdings Bhd announced that an individual by the name of Siti Nur Aishah Ishak has become a substantial shareholder of the stockbroking firm, after acquiring a 0.13% stake in the company.

Siti Nur Aishah emerges as substantial shareholder of M&A Equity

SINGAPORE (April 19): CGS-CIMB Securities has officially rebranded as CGS International Securities (CGS International), as the integrated financial services provider launched its new identity in Singapore on Thursday (April 18).&nbsp;

CGS-CIMB Securities rebrands as CGS International, aims to double revenue to S$700 mil by 2030

Prime Minister Datuk Seri Anwar Ibrahim said on Friday he does not want to be dragged into discussions over the purported addendum order on house arrest involving former premier Datuk Seri Najib Tun Razak.

Anwar said this was because the matter falls under the jurisdiction of the Federal Territories Pardons Board and also involves the Yang di-Pertuan Agong and the Malay Rulers.

Addendum order issue under Pardons Board's purview, says Anwar

The mandatory general offer (MGO) for the remaining 34.1% stake in Pan Malaysia Holdings Bhd (PM Holdings), launched by property developer Exsim Group's founders, the Lim brothers, concluded on Friday with acceptances for only 35,997 shares received.

No change in Lim brothers' stake as Pan Malaysia Holdings' MGO concludes

KUALA LUMPUR (April 19): Iconic Worldwide Bhd has raised a total of RM95.6 million through its rights issue exercise with free warrants, which was oversubscribed.

Iconic Worldwide’s rights issue oversubscribed, raises RM95.6 mil

SINGAPORE (April 19): Wilmar International Ltd’s board of directors has appointed former foreign minister George Yeo as a non-executive and independent director with effect from Friday.

Wilmar appoints former Singapore foreign minister George Yeo as non-executive and independent director

Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.

Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.

KUALA LUMPUR (April 19): Ten individuals suspected of being involved in the case related to an&nbsp;Israeli man who was charged with possessing bullets and trafficking&nbsp;guns, were rearrested under the Security Offences (Special Measures) Act 2012 (Sosma).

Israeli man’s case: 10 individuals rearrested under Sosma

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Friday due to persistent weakness in the soybean oil market on the Chicago Board of Trade, said a dealer.

Palm oil trader David Ng noted that market sentiment has been influenced by concerns regarding the anticipated surge in output over the coming weeks, which is perceived as exerting pressure on the market

CPO futures end lower due to weaker soybean futures

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

CIMB Thai Bank PCL’s net profit for the first quarter ended March 31, 2024 (1QFY2024) dropped 24.6% year-on-year to 626.1 million baht from 830.1 million baht, as it reported lower operating income and higher expenses. &nbsp;

The group recorded an 8.4% drop in operating income and an 11.8% increase in operating expenses. The effects of these were partially offset by a 36.9% decline in expected credit loss, according to CIMB Thai president and chief executive officer Paul Wong Chee Kin in a statement. CIMB Group Holdings Bhd has a 94.83% interest in CIMB Thai.

CIMB Thai's 1Q earnings drop 24.6% as operating income falls while opex climbs

KUALA LUMPUR (April 19): Proposals for improvement, including efforts to increase the net income rate of civil servants, will be announced by Prime Minister Datuk Seri Anwar Ibrahim at the Labour Day rally to be held later.

Anwar, in his Facebook post, said the Meeting No 3/2024 of the ...

Proposal to improve salary of civil servants to be announced at Labour Day gathering — PM

The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.

Fitters Diversified Bhd has landed a subcontract worth RM26.1 million from a unit of IJM Corp Bhd for fire protection services at the compound of a four-storey logistics hub, including its parking and ancillary buildings, in Shah Alam, Selangor.

Fitters Diversified bags RM26.1 mil fire protection services job

HPP Holdings Berhad slipped into the red in the third quarter ended February 29, 2024 (3QFY2024) for the first time since its listing on the ACE market in January 2021, mainly due to commission payments of RM520,000 and a one-time compensation payment of RM400,000 million to foreign workers, in line with the group's adherence to its zero recruitment fee policy.

It posted a net loss of RM62,200 in 3QFY2024 compared to a net profit of RM1.53 million in the previous corresponding quarter, resulting in a loss per share of 0.16 sen for 3QFY2024 compared to earnings per share of 0.39 sen for 4QFY2023.

HPP Holdings posts first-ever quarterly loss of RM62,200 since listing

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.

The government is looking at the need to formulate policies and amend any relevant legislation so that Malaysia is always investor-friendly and can support the development of artificial intelligence (AI) infrastructure, said Prime Minister Datuk Seri Anwar Ibrahim.

However, he said data security should be given priority.

Govt mulls drafting policy, amend legislation to be investor-friendly and support AI development — PM

Parties in the Unity Government have their methods to ensure a win in the Kuala Kubu Baharu by-election next month, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.

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