Strengthen Corporate Remittance Procedures In Line With AMLATFPUAA - Expert

By Sevagamy Nythiananthan

KUALA LUMPUR, 31 May (Bernama) -- Malaysian financial institutions should strengthen their due diligence procedures for corporate remittances in line with existing regulations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.

YCH Group's Smart Logistic Hub In Klang Seen As Boost To Regional Connectivity

SHAH ALAM, May 29 (Bernama) -- Singapore-based supply chain management and logistics company,  YCH Group’s RM500 million Supply Chain City Malaysia (SCC MY), a smart logistic complex in Bandar Bukit Raja, Klang, is expected to serve as a key enabler of regional connectivity.  

Malaysia Faces Sharp Rise In AI-Driven Cyber Threats, Fortinet Warns

KUALA LUMPUR, May 29 (Bernama) --  Malaysia is facing a sharp rise in artificial intelligence (AI)-driven cyber threats, with nearly 50 per cent of organisations reporting incidents involving AI-powered attacks, according to a survey commissioned by global cybersecurity firm Fortinet.

Rubber Market Ends Slightly Higher

KUALA LUMPUR, May 29 (Bernama) -- The Malaysian rubber market ended slightly higher, supported by gains in crude oil prices.

Pestec Bags RM270 Mln Klang Valley Rail Job 

KUALA LUMPUR, May 28 (Bernama)-- Pestec International Bhd’s (Pestec) unit, Pestech Technology Sdn Bhd has secured a RM270.4 million contract from Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA) for works on Phase 2 of the Klang Valley electric double-track railway project.

SAMENTA Urges Policy Continuity, Bold Reforms Ahead Of 13MP Finalisation

KUALA LUMPUR, May 28 (Bernama) -- The Small and Medium Enterprises Association of Malaysia (SAMENTA) has urged the government to maintain policy continuity and commit to bold, long-term economic reforms as the 13th Malaysia Plan (13MP) draws closer to its finalisation.

Global Business On Edge: Uncertainty Now Bigger Threat Than Red Tape

KUALA LUMPUR, May 28 (Bernama) -- The 2025 Global Business Complexity Index (GBCI) revealed that while regulatory complexity remains a challenge in certain regions, it is growing geopolitical and economic uncertainty that now poses the greatest threat to international business operations.

Rubber Market Reverses Gains, Tracks Regional Losses

By Siti Noor Afera Abu

KUALA LUMPUR, May 28 (Bernama) -- The Malaysian rubber market snapped previous gains to close lower, following losses in regional rubber futures markets.

Future Success Of Individuals, Companies, And Nations Set To Be Measured By AI — Tengku Zafrul

KUALA LUMPUR, May 28 (Bernama) — The success of individuals, companies and nations in the future could be measured by how effectively they deploy and use artificial intelligence (AI), said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. 

Introduce New Legislation To Enable AI To Operate Independently - PM Anwar

KUALA LUMPUR, May 28 (Bernama) -- New legislation has to be introduced to enable artificial intelligence (AI) to operate independently, without having to subject itself to the laws of the country, said Prime Minister Datuk Seri Anwar Ibrahim.

MyCC Seeks Public, Stakeholders Feedback On Proposed VSA Block Exemption

KUALA LUMPUR, May 27 (Bernama) -- The Malaysia Competition Commission (MyCC) has invited all interested stakeholders and the public to provide their feedback on the proposed block exemption application for vessel sharing agreements (VSAs), as outlined in its consultation document.

Bursa Malaysia Ends Lower On Profit-Taking In Financial Counters

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, May 27 (Bernama) -- Bursa Malaysia ended lower as profit-taking in financial services counters weighed on the market, amid cautious sentiment across the regional market.