Strengthen Collaboration, Creativity, Conduct To Combat Financial Crimes -- BNM Governor

KUALA LUMPUR, Nov 5 (Bernama) -- Bank Negara Malaysia (BNM) has called upon the financial industry to harness the principles of collaboration, creativity and conduct in addressing new challenges and safeguarding the integrity of the financial ecosystem. 

Xsolla Expands Web Shop Tools As US Opens Door To External App Payments

KUALA LUMPUR, Nov 5 (Bernama) -- Xsolla has rolled out new features for its Web Shop and Buy Button solutions, positioning game studios to capture higher margins and deeper player engagement as the United States (US) and other major markets move toward more open app ecosystems.

MOSTI Undertakes Comprehensive Study To Formulate New STI Act

KUALA LUMPUR, Nov 4 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) is undertaking a comprehensive review to formulate a new Science, Technology and Innovation (STI) Act, said Minister Chang Lih Kang.

Malaysia-US Trade Deal Does Not Contradict The Federal Constitution - PM Anwar

KUALA LUMPUR, Nov 4 (Bernama) -- The Agreement on Reciprocal Trade (ART) between Malaysia and the United States contains no provisions that contradict the spirit or any articles of the Federal Constitution, Prime Minister Datuk Seri Anwar Ibrahim asserted.

Malaysia To Strengthen Intra-ASEAN Trade Via Regional Payment System - PM Anwar

KUALA LUMPUR, Nov 4 (Bernama) --  Malaysia will continue to strengthen intra-ASEAN trade by promoting QR payment usage and cash transfer systems as well as expand regional payment connectivity, said Prime Minister Datuk Seri Anwar Ibrahim.

ACMM Calls For Transparent Rules On Bank Account Closures

KUALA LUMPUR, Nov 3 (Bernama) -- The Association of Credit Management Malaysia (ACMM) has called on Bank Negara Malaysia (BNM) and the Ministry of Finance to introduce clear and transparent rules on bank account closures amid rising cases of sudden and unexplained suspensions affecting individuals and businesses.

RON95 Subsidy Takes Longer Time To Ensure Careful Execution, Avoid Affecting The People -- MOF

KUALA LUMPUR, Nov 3 (Bernama) -- The government is taking a longer time to implement the RON95 fuel subsidy rationalisation compared to other subsidies to ensure that the implementation is carried out carefully and does not negatively affect the people.

Excess Tax Payments Cannot Be Used To Offset Future Liabilities -- Lim

KUALA LUMPUR, Nov 3 (Bernama) -- The Inland Revenue Board (LHDN) does not allow companies to offset excess tax payments against future tax liabilities, said Deputy Finance Minister Lim Hui Ying.

Ringgit Eases Vs Greenback Ahead Of Key US Economic Data

By Zufazlin Baharuddin

KUALA LUMPUR, Nov 3 (Bernama) -- The ringgit closed lower compared to the greenback on Monday on a lack of catalysts for the local note ahead of the release of key US economic data.

AM Best Affirms Excellent Ratings For South Korea’s KB Insurance

KUALA LUMPUR, Nov 3 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of South Korea’s KB Insurance Co Ltd (KBI), with a stable outlook.

Bilateral Deals To Boost Investment, Lower CCUS Infrastructure Costs In Malaysia

KUALA LUMPUR, Nov 3 (Bernama) -- The signing of bilateral agreements with foreign countries is expected to spur investment inflows and help offset the cost of developing carbon capture, utilisation and storage (CCUS) industrial hub infrastructure in Malaysia.

BUDI95: Govt To Announce Further Quota Increase For E-hailing Drivers In Near Future

PETALING JAYA, Nov 3 (Bernama) -- The government will announce a further quota increase for full-time e-hailing drivers under the BUDI MADANI RON95 (BUDI95) initiative soon, said Treasury Secretary-General Datuk Johan Mahmood Merican.