KUALA LUMPUR: Malaysia needs to move beyond the notion that finance alone will resolve issues related to environmental, social and governance (ESG) adoption by small and medium enterprises, said Universiti Malaya Faculty of Business and Economics Professor Dr Vgr Chandran Govindaraju. He said that finance and regulatory conditions seem to be secondary in most cases … Read more
KUALA LUMPUR: Trade between Malaysia and India for 2022-2023 reached US$20 billion (RM93.7 billion) with Malaysia being the third largest trading partner in Asia, said India’s Ministry of External Affairs vice-minister P. Kumaran. “The trade basket is expanding, given the contemporary and complementary nature of our requirements and emerging opportunities. Our investment ties are also … Read more
KUALA LUMPUR: The two-day India-Asean Startup Summit 2023 (IASS 2023) which sees the introduction of “India-Malaysia Startup Bridge”, is expecting RM500 million potential investment into Malaysia’s startup scene as well as in other emerging industries. Datuk Seri Dr SK Devamany, former deputy minister in the Prime Minister’s Office and senior adviser of IASS 2023, said … Read more
KUALA LUMPUR: A neutral impact is anticipated for Malaysia in the event of an oil price spike in case of escalation of the Middle East conflict, according to MIDF Research. MIDF Research director and head Imran Yassin Md Yusof said that while higher oil prices could benefit the oil and gas players, it may also … Read more
KUALA LUMPUR: Central bank governor Datuk Abdul Rasheed Ghaffour foresees a positive impact on Malaysia’s banking landscape with the launch of the country’s first digital bank, Grab-led digital bank GX Bank Bhd. The governor said the new digital banks will drive efficiency and competitiveness across the banking sector. “In September, GX Bank was the first … Read more
PUTRAJAYA: Malaysia aims to achieve a 90% cashless payment target by 2025, with the current penetration rate ranging from 60% to 70%. Payments Network Malaysia Sdn Bhd (PayNet) government digitalisation senior director Firdaus Ghani stated that the strategy involves offering incentives, improving infrastructure, and changing public mindsets. “We have been collaborating with the Finance Ministry … Read more
KUALA LUMPUR: The Inland Revenue Board (IRB) is banking on the transition to e-invoicing to set new yearly revenue records, said its CEO Datuk Mohd Nizom Sairi. He said that e-invoicing in Malaysia is expected to have a positive impact on the landscape of tax audits and investigations in the country, as the new system … Read more
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC), in collaboration with 18 participating banks, will introduce a RM1 billion portfolio guarantee scheme for environmental, social and governance financing for small and medium enterprises. In tandem with this financial initiative, the Joint Committee on Climate Change (JC3) has unveiled four other programmes aimed at expediting the … Read more
KUALA LUMPUR: Despite the ringgit’s decline to its lowest level against the strong US dollar since the Asian Financial Crisis (AFC) in 1997, Malaysia is far from being in crisis – as the country has a resilient economy, robust banking system and strong external sector, Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour said. … Read more
KUALA LUMPUR: The Securities Commission Malaysia (SC) is teaming up with relevant agencies to create a governance toolkit for small and medium-sized enterprises while Capital Markets Malaysia will issue a Simplified ESG Disclosure Guide for them. SC chairman Datuk Seri Dr Awang Adek Hussin (pix) stated that the SC is promoting governance throughout the supply … Read more
KUALA LUMPUR: The Securities Commission Malaysia (SC) is teaming up with relevant agencies to create a governance toolkit for small and medium-sized enterprises while Capital Markets Malaysia will issue a Simplified ESG Disclosure Guide for them. SC chairman Datuk Seri Dr Awang Adek Hussin (pix) stated that the SC is promoting governance throughout the supply … Read more
KUALA LUMPUR: Malaysia’s economic and political stability is helping Taiwanese IT firms to use it as the gateway to expand to the broader Asean markets, according to Taiwan Institute for Information Technology director of International Cooperation (International Division) Jose Cheng. In an exclusive interview with SunBiz, he said that Taiwanese firms recognise Malaysia as a … Read more
KUALA LUMPUR: Bask Bear Coffee is set to focus on expanding within the domestic market, while Tealive will continue to spearhead the regional expansion efforts, according to Loob Holding CEO Bryan Loo. “Bask Bear at the moment doesn’t have any regional plan, whereas Tealive is highly focused on regional expansion. So, for Bask Bear coffee … Read more