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Malaysia auto sales among worst in Asean in 2017

KUALA LUMPUR: The sale of vehicles increased in all Asean countries except Malaysia and Brunei last year. Total sales in Malaysia fell by 3,450 units to 576,635 from 580,085 in 2016, according to the Asean Automotive Federation (AAF). The Edge Markets quoted the AAF as saying Brunei sold 15% less in 2017 at 11,209 units. […]

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Malaysia: No ban on dealings with cryptocurrency exchangers but be extra careful in due diligence, BNM tells banks

PETALING JAYA: Bank Negara Malaysia (BNM) is not prohibiting banks from dealing with digital currency exchangers or businesses, but it expects them to be extra careful in their due diligence exercise in view of heightened money laundering and terrorist financing risks. The regulator stated this in a policy paper issued following a public consultation on the […]

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Parkson closes the 4th outlet in Vietnam

The Hanoitimes – After 8 years of operation, Malaysian department store operator Parkson has closed another outlet in Ho Chi Minh City, making a total of four closed locations in Vietnam. Parkson Flemington, located in District 11, ceased service in late January of 2018, Thuy Duong Co., which operates the brand in Vietnam, said in an […]

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FILE PHOTO: A view of the Monetary Authority of Singapore building in Singapore April 18, 2016. REUTERS/Edgar Su/File Photo
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Malaysia, Singapore, and Thailand agree on changes to Asean Collective Investment Schemes framework

Malaysia, Singapore and Thailand authorities have agreed to commit to a revised version of the Asean Collective Investment Schemes (CIS) framework that will provide retail investors wider access to fund managers across the three countries. The Securities Commission Malaysia, the Monetary Authority of Singapore, and the Securities and Exchange Commission of Thailand’s enhanced framework took […]

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Chance to be 7-Eleven Malaysia franchisees

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd  (SEM), the owner and operator of 7-Eleven stores in Malaysia, is now offering back its franchise programme for local entrepreneurs. The company is rolling out a franchising package that requires RM250,000 in investment from franchisees willing to operate and manage a store on a full-time basis. The programme is especially suited […]

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