Tag: malaysia

Bank Negara Malaysia has released an exposure draft outlining licensing and regulatory guidelines for Digital Insurers and Takaful Operators (DITOs). The proposed framework aims to facilitate market entry, promote competition, and provide value-driven insurance solutions while ensuring sustainable business practices and policyholder benefits.

The first session of Malaysia's 15th Parliament will focus on approving civil servant emoluments and discussing Budget 2023. Prime Minister Anwar Ibrahim announced plans to table a new or revised budget within a month, marking a significant start to his administration's parliamentary agenda.

Boustead Plantations Bhd expects continued palm oil price volatility amid rising production costs, including higher minimum wages and increased fertilizer and diesel prices. The company remains optimistic about cost management and crop enhancement strategies to improve profitability in the coming year.

S&P Global Ratings predicts Malaysian banks will maintain loan growth between 5-6% in 2023, supported by a stable economy. The banking sector shows resilience with strong capitalization, 1.8% provisioning buffers, and a 14.3% common equity Tier 1 ratio, enabling banks to withstand potential asset quality pressures.

Brunei has performed exceptionally well in business and labor market regulations, securing top global rankings in the Fraser Institute's Economic Freedom Index. The Sultanate scored 8.8 out of 10 in regulations, ranking fourth globally in labor market regulation and eighth in business regulation.

Norwegian Telenor and Malaysian Axiata Group have secured regulatory clearance to merge their local telecommunications units Celcom Axiata and DiGi.Com. The proposed tie-up aims to create a stronger market leader in Malaysia's competitive telecom landscape, with an estimated enterprise value of $15 billion and potential to reshape the industry's competitive dynamics. - EXCERPT: Provides context, highlights main parties, deal value, and strategic intent within 100 words

Malaysia's economy remains robust due to its diversified sectors, with services contributing 57% and manufacturing 24.3%. The country's reduced dependence on commodities and varied trading partners provide economic resilience against potential downturns.

Malaysia's franchise sector is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The industry currently has 1,149 registered franchisers and 13,779 outlets, creating approximately 49,000 jobs nationwide. Prime Minister Ismail Sabri Yaakob highlights the sector's potential for job creation and international brand expansion.

Malaysia's palm oil inventories climbed 14.5% to 2.03 million tonnes by end-August, reaching a two-year high. Production increased 8% to 1.7 million tonnes, driven by favorable rainfall and moisture conditions. Experts predict September production growth might slow down as crop yields stabilize.

Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform allowing Malaysian investors to trade across 12 exchanges in seven global markets through a single account. The platform offers competitive brokerage rates, addressing challenges faced by retail investors seeking international market access.