Category Archives: Trading

BDO presents final report to AirAsia X board committee

KUALA LUMPUR, March 20 -- BDO Governance Advisory Sdn Bhd (BDO), an independent expert appointed by AirAsia X Bhd (AAX), through the formation of a board committee, has presented its report on the findings of the independent internal inquiry and

Universal Protocol Alliance lists USD, EURO stablecoins, UPT on Bittrex Global

KUALA LUMPUR, March 20 -- The Universal Protocol Alliance has announced the listing of three tokens on Bittrex Global.The tokens are the Universal Dollar (UPUSD), a USD-pegged stablecoin collateralised 1:1 with the US Dollar; The Universal Euro (UPEUR)...

Bank Negara reserves at US$103 bln as at March 13, 2020

KUALA LUMPUR, March 20 -- The international reserves of Bank Negara Malaysia amounted to US$103 billion as at March 13, 2020.In a statement today, the central bank said the reserves position was sufficient to finance 7.3 months of retained imports

All parties should act responsibly during MCO

KUALA LUMPUR, March 20 -- All parties must act responsibly, and safety nets must be provided for workers, families and businesses during the Movement Control Order (MCO) period, urged chambers of commerce. In a joint statement today, Malaysia-China Cha...

Moody’s cuts global shipping outlook to negative, estimates 30 per cent drop in EBITDA

MANCHESTER, March 20 -- Moody’s Investors Service has revised its outlook for the global shipping industry to negative from stable following the rapid and widening spread of the COVID-19 outbreak and the deteriorating global economic outlook.In a resea...

COVID-19: MOH, TNB issue call to action to corporate Malaysia

KUALA LUMPUR, March 20 -- The Health Ministry (MOH) and Tenaga Nasional Bhd (TNB) have initiated an action coalition to encourage corporate companies in Malaysia to collaborate with the government and work together to fight the COVID-19 outbreak in the...

COVID-19: LZS shortens operating hours at 13 branches, encourages online dealings

SHAH ALAM, March 17 -- Lembaga Zakat Selangor (LZS) has announced that it will shorten operating hours at its headquarters and branches in line with the government's Movement Control Order announcement from tomorrow until March 31.LZS chief executive o...

Essential banking services remain uninterrupted during MCO – ABM

KUALA LUMPUR, March 20 -- Essential services at local banks including access to automated teller machines, processing and approval of new loans or financing applications would remain uninterrupted during the two-week nationwide Movement Control Order (...

AKPK’s offices to close until March 31

KUALA LUMPUR, March 20 -- The Credit Counselling and Debt Management Agency’s (AKPK) offices will be temporarily closed from March 18-31 in adherence with the Movement Control Order.The agency said that all queries, especially in relation to its credit...

COVID-19: Life insurance companies offer additional relief measures to policyholders

KUALA LUMPUR, March 20 -- The Life Insurance Association of Malaysia (LIAM) and its member companies are taking proactive steps in providing additional relief measures for policyholders who are impacted by the economic slowdown due to COVID-19. The ass...