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Money Services Business (Amendment) Act 2024 Effective Today — Bank Negara

August 1, 2024

KUALA LUMPUR, The Money Services Business (Amendment) Act 2024 (MSBA 2024) will be enforced by Bank Negara Malaysia (BNM) effective today, Aug 1.

According to the central bank, the amendments provide for mandatory imprisonment for a term not exceedin…

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SC Fines Ex-unit Trust Consultant RM687,500 Over Investment Fraud

August 1, 2024

KUALA LUMPUR, The Securities Commission Malaysia (SC) has reprimanded and fined Amran Mohd Amin RM687,500 for three breaches of securities laws.

According to the SC, Amran misappropriated RM215,000 from four prospective investors between January 2022…

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Kenanga Sees OPR Steady At 3.0 Pct For Remainder Of 2024

August 1, 2024

KUALA LUMPUR, Kenanga Investment Bank Bhd expects the overnight policy rate (OPR) to remain at 3.0 per cent for the rest of the year, with any potential changes likely to lean towards a downside.

In a note today, the investment bank reiterated its ‘o…

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Climate Finance Key To Sustainable Future – DPM Fadillah

August 1, 2024

KUALA LUMPUR, Climate finance is crucial for meeting ambitious targets and fostering positive change, thereby ensuring a more sustainable and equitable future, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah, who also serves as Ministe…

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Petronas Partners With SIM To Open 3 Fuel Stations In Brazil

August 1, 2024

KUALA LUMPUR, Petroliam Nasional Bhd (Petronas) has launched its inaugural brand licensing initiative in partnership with SIM Distribuidora (SIM).

This collaboration will see the operation of three pilot fuel retail stations in Brazil.

Located strat…

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