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Japanese firms eye Malaysia’s halal industry

KUALA LUMPUR: Japan’s Sumitomo Mitsui Banking Corp (SMBC) is looking to back a push by Japanese firms planning to invest in Malaysia’s Sharia-compliant halal market, an SMBC official said. Japanese companies active in food, cosmetics, logistics, transportation and storage are keen to tap the Malaysian market in a drive to appeal to Muslim customers globally, […]

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Malaysia: BNM to name and shame non-compliant financial bodies by Jan 2018

KUALA LUMPUR: Bank Negara Malaysia (BNM) will publish enforcement actions taken against financial institutions and intermediaries for non-compliance with rules and regulations.  BNM Governor Tan Sri Muhammad Ibrahim said on Wednesday the actions would be published effective January 2018 to further increase the impact of enforcement actions as a credible deterrent.   He said BNM […]

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Malaysia: Ringgit depreciates against US$

KUALA LUMPUR: The ringgit fell against the US dollar early Monday on lack of interest for the local currency as sentiment turned positive for the greenback a dealer said. At 9 am(0100gmt), the local traded at 4.2280/2310 against the greenback from 4.2190/2220 recorded at 6 pm on Friday. FXTM Reserach Analyst Lukman Otunuga said comments […]

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