KUALA LUMPUR: Bank Negara is developing a financial threat intelligence platform with the financial industry to fortify the country’s strength in countering cyber threats. The platform, which is expected to be up and running by year-end, will collate, analyse and disseminate real-time information and trends to strengthen the detective capabilities of the industry against cyber […]
Read MoreThai brands are gaining a foothold in Malaysia’s thriving retail sector with the help of a newly established platform developed by compatriot Central Pattana (CPN). The grand opening of the 8.5-billion-baht Central i-City in Selangor last week offered Thai firms easy access to the Malaysian market, where their presence so far has been limited. Restaurant chains […]
Read MoreKUALA LUMPUR: Banks embarking on digital transformation must be willing to cannibalise their own business to become successful, according to a financial technology (fintech) commentator. Chris Skinner, chief executive officer of UK-based fintech and financial markets blog, The Finansier, said banks need to employ individuals that could “destroy the business”. “Financial institutions that want to […]
Read MoreMalaysia’s large banks have the highest board representation for women across the South-east Asian region, outpacing peers in Singapore and the Philippines where the proportion is below 15 per cent. Women make up more than 30 per cent of the boards of top Malaysian lenders, compared with only 9 per cent on average in the […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today as investors stayed on the sidelines due to uncertainty surrounding the global economy and heightened trade tension involving the United States. At 9 am, the ringgit was at 4.1750/1780 against the greenback from 4.1650/1690 at Friday’s close. MIDF Research in its economic brief said […]
Read MorePETALING JAYA: In order to ensure that consumers are protected and treated fairly, Bank Negara is working with a number of ministries to make the Consumer Credit Act law soon. Governor Datuk Nor Shamsiah Mohd Yunus said the central bank has been working with a number of ministries, namely, the Domestic Trade and Consumer Affairs […]
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