Malaysia News Today
BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments
KUALA LUMPUR: Major banks and non-bank financial service providers will waive transaction fees for micro and small businesses accepting DuitNow QR payments, says Bank Negara Malaysia (BNM).
Hong Leong Bank to continue to waive transaction fees for DuitNow QR payments
KUALA LUMPUR: Hong Leong Bank and Hong Leong Islamic Bank (HLB) will continue to waive the transaction fees and charges for all merchants accepting payments via the DuitNow QR until further notice.
Public Mutual declares over RM47mil for two funds
KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd has declared distributions amounting to more than RM47mil for two funds for the financial year ended Sept 30, 2023.
Oil prices mixed amid macroeconomic concerns
Oil prices were mixed on Friday in a volatile trading session due to macroeconomic concerns and profit taking, but were set to rise about 30% in the quarter as Opec+ production cuts squeezed global supply.
S&P 500 dips after US inflation data
The S&P 500 ended lower on Friday as investors digested implications of a US inflation report for the Federal Reserve's interest rate policy and adjusted their portfolios on the last day of a weak third quarter for stocks.
Wall St Week Ahead: US stock market’s powerhouses tested by soaring bond yields
Surging bond yields are rattling US stocks, and some investors worry the richly valued shares of giant technology and growth companies may be another weak spot.
Streamlining a business practicality
Eearlier this week, construction and property mogul Tan Sri Lim Kang Hoo set tongues wagging in the local investment scene when he announced his intention to undertake a reorganisation, rationalisation and merger proposals of companies in which he has majority stakes.
PTPTN: A boon and a bane
Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) has been around for the past quarter of a century and it has a key role in assisting the needy to obtain student loans.
Fit for expansion
The wellness and fitness industry in Asia is poised for significant growth in the years ahead and Malaysia is not expected to be left out of the equation.
Private hospitals, insurers stirred as claims rise
There appears to be no stopping the rise in medical inflation, and this phenomenon has become more pronounced with the prolonged state of the weakened ringgit.
New era of payments
Cash usage has declined 20% worldwide while electronic payment transactions nearly tripled in the share of global payments over the past five years.
‘GST critical to restoring the country’s fiscal health’
There is renewed interest in the possible resurgence of the goods and services tax (GST) as the government is focused on expanding its tax base and diversifying the tax revenue stream to rebuild the fiscal space.
Budget 2024: A tough balancing act for Anwar
With two more weeks before Budget 2024 is unveiled, Datuk Seri Anwar Ibrahim should avoid repeating the same mistake made by former Prime Minister Datuk Seri Najib Razak.
WtE space heats up
Waste-to-energy (WtE) is the latest in the renewable energy (RE) space that is getting a lot of attention.
Bonds weaken on UST yield, dollar rise
Malaysia's government bonds and the ringgit continued to weaken on a weekly basis due to the strong US dollar and continued rise in US Treasury (UST) yields.
Developers ride on booming industrial assets
The growing demand for industrial property has been driving developers to expand into this space, as they look to both improve and diversify their revenue streams.
Dollar’s smile makes Wall Street frown
The “dollar smile” can be a blessing for Wall Street, or a curse.
Marine & General cautiously optimistic about FY24 performance
Marine & General Bhd (M&G) expresses cautious optimism for its financial year ending April 30, 2024 (FY24), while acknowledging concerns about potential economic disruption from geopolitical instability in Europe that could impact regional and domestic economic climate.
icapital.biz unveils dividend policy
icapital.biz Bhd’s (ICap) dividend policy will be based on the fund’s net asset value (NAV) and NAV-to-share price discount.
Long-term contracts, clean energy demand to drive Yinson’s growth
Yinson Holdings Bhd expects its performance for financial year 2023 to be supported by existing portfolio of long-term contracts and growing demand for clean, affordable and stable energy.