A cross-border link between Singapore’s PayNow and Thailand’s PromptPay will extend to Malaysia’s DuitNow, a BNM official said.
Eight individuals were sentenced to between three and nine years' jail. Total fines issued, including against three companies, amount to $310mn.
The Fintech Booster programme is expected to spur a more dynamic fintech ecosystem that can facilitate continued innovation in the financial services sector.
The former Coutts & Co banker approved a $700mn transfer request from Jho Low, the alleged mastermind behind the 1MDB scandal, despite repeated red flags.
The Securities Commission has ordered Bursa Malaysia to conduct a thorough systems review, after a glitch forced a trading halt in mid-July.
The derivatives products to be launched this year include new single stock futures, a revamped index futures contract, and ETFs linked to sectoral indices.
Bursa Malaysia has partnered with Singapore fintech Hashstacs to develop a blockchain solution for the issuance, servicing, trading, clearing and settlement of bonds.
The guidelines set out the obligations of directors of listed companies and their subsidiaries, and requirements for the establishment of group-wide frameworks.
As the blanket loan moratorium announced in March is due to end, banks have agreed to provide borrowers various repayment flexibilities depending on their specific circumstances.
Najib Razak was found guilty of three counts of criminal breach of trust, three counts of money laundering and one count of abuse of power.
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