SRC Appeal: Najib Gets 30-Day Extension to File Petition of Appeal

PUTRAJAYA (Malaysia), Sept 25 (Bernama) — Najib Razak has obtained a 30-day extension to file his petition of appeal in his SRC international Sdn Bhd case. A Court of Appeal three-man panel comprising Justices Has Zanah Mehat, Lee Swee Seng and Nordin Hassan allowed Najib’s application for time to be extended…

INCEIF, Bank Indonesia Institute To Work Closer To Spearhead Innovations In Islamic Finance

KUALA LUMPUR, Sept 25 (Bernama) — International Centre for Education in Islamic Finance (INCEIF) is planning closer cooperation with Bank lndonesia lnstitute (BlNS) to realise the common objective of spearheading innovations in Islamic finance and economics through research and training. Towards this end, INCEIF, which was set up by Bank Negara Malaysia (Malaysia’s Central Bank) in 2005,…

Most Banks Can Shoulder Coronavirus Shock, New Lockdowns Are Key Risk – Moody’s

KUALA LUMPUR, Sept 25 (Bernama) — The global banking system is well placed to absorb the economic shocks triggered by the coronavirus, but a second wave of the virus, leading to new blanket lockdowns or self-imposed changes in consumers’ behaviour, poses a significant threat, Moody’s Investors Service said in a…

Malaysia’s Political Turmoil: Many Foreign Leaders Voice Concern – FM

KUALA LUMPUR, Sept 25 (Bernama) — Malaysia’s Foreign Minister Hishammuddin Hussein has revealed that many foreign leaders are voicing their concern over the political situation in the country, especially in the context of curbing the spread of COVID-19. He said the current political turmoil in Malaysia did not help project the country’s real…

Thailand Takes Legal Action Against Facebook, Twitter

BANGKOK, Sept 25 (Bernama) — Thailand’s Digital Economy and Society Ministry on Thursday filed complaints with cybercrime police against Facebook and Twitter for ignoring requests to take down content deemed illegal and materials critical of the monarchy. Minister of Digital Economy and Society Puttipong Punnakanta said the ministry had sent a warning to the two…

Additional US$1.68 Bln in Aid Under BPN2.0 for B40, M40 Groups – Malaysian PM

KUALA LUMPUR, Sept 23 (Bernama) — Malaysian Prime Minister Muhyiddin Yassin on Wednesday announced additional cash assistance under the Bantuan Prihatin Nasional 2.0 (BPN2.0) with an allocation of almost US$1.68 billion (RM7 billion, US$1 = RM4.15). He said no applications were required to be made for the BPN 2.0 aid as the government would directly channel…

Thailand Verifies Reports on Suspicious Bank Transfer

By Linda Khoo Hui Li BANGKOK, Sept 23 (Bernama) — Thailand’s Anti-Money Laundering Office (Amlo) is studying media reports that four Thai banks were involved in suspicious financial transactions about two decades ago. Acting Amlo secretary-general Pol Maj Gen Preecha Charoensahayanont said Amlo, the Bank of Thailand (BoT) and financial…

Malaysia’s Central Bank’s International Reserves at US$104.8 Bln as at Sept 15, 2020

KUALA LUMPUR, Sept 23 (Bernama) — Bank Negara Malaysia’s (BNM or Malaysia’s Central Bank) international reserves amounted to US$104.8 billion as at Sept 15, 2020. In a statement today, BNM said the reserves position is sufficient to finance 8.7 months of retained imports and is 1.1 times the total short-term…

Malaysia Mulls Imposing Carbon Tax on Future Investments

KUALA LUMPUR, Sept 23 (Bernama) — Malaysia is considering to impose a carbon tax on future investments to support the sustainability agenda in a bid to tackle climate change, said Environment and Water Ministry (KASA) secretary-general Zaini Ujang. According to the World Bank, a carbon tax directly sets a price on carbon by defining a…

Malaysia Seeks Cooperation with Pepper-Producing Nations to Raise Prices

KUCHING (Sarawak, Malaysia), Sept 23 (Bernama) — Malaysia will further boost cooperation with major pepper-producing countries in a bid to raise the commodity’s price from the current US$1.93 (RM8, US$1 = RM4.13) a kilogramme, Plantation Industries and Commodities Deputy Minister Willie Mongin said Tuesday. He said Vietnam is the largest pepper producer in…