KUALA LUMPUR: Bursa Malaysia Bhd has onboarded Maybank Investment Bank Bhd as approved supplier and user under the Islamic Securities Selling and Buying – Negotiated Transaction (ISSBNT) Framework. ISSBNT is the world’s first syariah-compliant alternative to Securities Borrowing and Lending, which was launched by the exchange in December 2017. The platform was developed as a … Read more
PETALING JAYA: Automotive parts manufacturer EP Manufacturing Bhd (EPMB) has secured the approval from the Malaysian government to register and license its first-ever two-wheel electric vehicles (EV), about a month after it received conditional approval from the government for the construction of its maiden manufacturing plant for electric two-wheelers. In a filing with Bursa Malaysia … Read more
PETALING JAYA: Public Bank Bhd’s net profit for the second quarter ended June 30, 2022 rose 2.4% to RM1.42 billion from RM1.38 billion a year ago thanks to lower loan impairment allowance of RM316.1 million and higher net interest income of RM111.1 million. Revenue increased slightly to RM4.97 billion versus RM4.92 billion in the same … Read more
PETALING JAYA: Merchantrade Asia Sdn Bhd has partnered PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim), the largest regional bank in East Java, Indonesia in a move that will boost remittance payout service access to Indonesia for its customers in Malaysia. Bank Jatim’s first international partnership with Merchantrade, launched in conjunction with Bank Jatim’s … Read more
PETALING JAYA: The trend of foreign buy of Malaysian equities continued on Bursa Malaysia for the sixth consecutive week, albeit more moderated at RM244.6 million last week compared with RM615.5 million in the week prior, MIDF Research said. Foreigners were net buyers on Monday (RM56.2 million), Tuesday (RM14.2 million) and on Thursday and Friday at … Read more
KUALA LUMPUR: CTOS Digital Bhd wholly owned subsidiary CTOS Data Systems Sdn Bhd recently signed a memorandum of understanding (MoU) with a PropertyGuru Group subsidiary to work together on advancements in property-related technology (proptech) to revolutionise the digital space of the commercial real estate business in Malaysia. Credit reporting agency CTOS has lately been delving … Read more
PETALING JAYA: Malayan Banking Bhd (Maybank) has established its Scope 3 financed emissions baseline and identified a transition strategy that will shape its future business portfolio, the first bank in Malaysia to do so. This brings the bank a step closer to its target of net zero carbon equivalent position by 2050 as it begins … Read more
PETALING JAYA: Bank Negara Malaysia (BNM) and the Companies Commission of Malaysia (SSM) today signed a terms of collaboration to strengthen collaboration in the regulation and supervision of anti-money laundering, countering financing of terrorism (AML/CFT) and targeted financial sanctions (TFS). The terms of collaboration set out the respective regulatory and supervisory responsibilities of BNM and … Read more
PETALING JAYA: Foreigners bought RM615.5 million worth of Malaysian equity on Bursa Malaysia last week, 36.3% higher than RM451.7 million in the previous week, marking the fifth consecutive week of foreign inflow. MIDF Research said last week saw net buying activities by the foreigners for every trading day. The inflows recorded were RM120.4 million on … Read more
PETALING JAYA: The Securities Commission Malaysia (SC) today announced the expansion of the Sustainable and Responsible Investment (SRI) Sukuk and Bond Grant Scheme to facilitate companies raising sukuk to meet their sustainable finance needs. The grant is also now extended to SRI-linked sukuk issued under the SC’s SRI-linked Sukuk Framework, which was introduced in June … Read more
PETALING JAYA: MCT Bhd has entered into an agreement to acquire 4.02 acres of leasehold commercial land in Bangi, Selangor, for RM31.5 million, on which it intends to develop a mixed project with a gross development value (GDV) of RM406 million. The land is located near Pusat Bandar Baru Bangi and is near two shopping … Read more
PETALING JAYA: Residential prices may soon find a floor due to decreasing property pipeline, but this will not last long, according to insights released by Juwai IQI. Juwai IQI subsidiary IQI head of bumiputra segment Muhazrol Muhamad (pix) said the 47% reduction in completed dwellings and 9% decline in new planned residential supply will reduce … Read more
PETALING JAYA: The UMW group’s automotive sales momentum continued in July 2022 as both UMW Toyota Motor (UMWT) and UMW’s associate company, Perodua, delivered 24,983 units in July 2022 compared with 2,105 units registered in July 2021. For the first seven months of 2022, the group delivered 198,237 units, 48% higher than the 133,506 units … Read more