Malaysia Secures Record RM170 Billion Worth Of Investment Commitment From China: PM
Malaysia has secured a record RM170 billion worth of investment commitment from China.
The amount, the biggest so far from China, is from a total of 19 memoranda of understanding (MoU) sealed between businesses in China and Malaysia.
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FGV Appoints Dato Sharol Anuwar As New Chairman
FGV Holdings has appointed Dato’ Shahrol Anuwar Sarman as its new Chairman after Dato Dzulkifli ended his tenure with the cessation of office.
Dato’ Shahrol Anuwar began his career as an Assistant Secretary at the Loans Management and Finance Policy Division in the Ministry of Finance (MoF) in 1996. In 2003, he became the Assistant Director at Human Resource Management and Administration Division (Head of Finance and Account Unit) for Anti-Corruption Agency Malaysia. In 2004, he was appointed as the Principal Assistant Secretary of Timber Industry Division under the Ministry of Plantation Industries and Commodities, where he served for 2 years.
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Bursa Implements New Listing Framework For LEAP To ACE Market Transfer
Bursa Malaysia Securities has issued amendments to the ACE Market Listing Requirements in relation to the transfer of the listing framework from the LEAP Market to the ACE Market, which will facilitate eligible LEAP Market-listed corporations to graduate to the ACE Market.
The amendments also include the introduction of a recognised approved adviser framework which will expand the pool of Sponsors/Advisers in the ACE Market in respect of the transfer of listings and permitted corporate exercises. This the Exchange said is to increase the accessibility and attractiveness of the equities market.
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RapidKL To Discontinue 6 LRT Lines From April 2
RadidKL has announced that the LRT service operations at six LRT stations on the Ampang/Sri Petaling Line involving Bandaraya Station, Sultan Ismail, PWTC, Titiwangsa, Sentul and Sentul Timur will be discontinued from 2 April 2023.
It added this is due to the train used for the service between the Bandaraya Station to the East Sentul Station can no longer meet the operating criteria that have been set and had to be removed from the service for safety reasons. It is a follow-up to the incident of structural and track damage near the Bandaraya LRT Station which has caused trains to unable to return to the LRT Depot in Ampang to undergo maintenance work since 27 January 2023.
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Fixed Broadband Unity Package (Home Internet) Offered At RM69 For 24-Month Subscription
Communications and Digital Minister Fahmi Fadzil said that a Fixed broadband Unity Package (Home Internet) will be offered at RM69 for 24-month subscription, says Fahmi.
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Maybank Launches New Amex Platinum Card For Business With 3 Year Annual Fee Waiver
Maybank in collaboration with American Express has launched the American Express Explorer Business Platinum Card catered for small businesses, business banking and corporate customers to help them better manage their cash flow, while rewarding them for their spending.
The new card is said to simplify business expense management and is well-positioned to become the preferred payment tool for various types of expenditures, especially for travel – with a host of rewards for both local and overseas spending. With the growth in digital payments, the Explorer Card also provides more convenience for businesses.
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Women Airbnb Hosts in Malaysia earn over RM176 million in 2022
Airbnb today revealed that hosting is providing women with a significant financial opportunity amidst rising costs of living, as Malaysian women Hosts collectively earned over RM176 million in 2022.
Women are a cornerstone in Airbnb’s Host community, and comprise 55% of all Hosts globally.* They also comprise 40% of Airbnb’s 1 million Superhosts**, who are top-rated experienced Hosts who provide guests with outstanding hospitality in more than 200 countries and territories. Women Hosts earned more than USD 16 billion on the platform in 2022, nearly 10 per cent more than male Hosts.
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PROTON Unveils New Hybrid SUV, PROTON X90
PROTON’s long awaited mild-hybrid electric vehicle (MHEV) model, the PROTON X90, was unveiled to the Malaysian media at the company’s styling studio in Shah Alam. The latest addition to the Proton line-up marks the brand’s entry into the New Energy Vehicle (NEV) market and showcases their commitment to reducing carbon emissions by adopting green engine technology towards setting a new standard in sustainable mobility.
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Financial Institutions To Cease Imposing Fees On Housing Loan Documents: BNM
Bank Negara Malaysia has announced the introduction of a standardised housing loan and home financing agreement for retail borrowers. This initiative seeks to enhance the quality-of-service delivery, promote consumer understanding and comparability of key terms and conditions, and simplify language in such agreements, including customers’ and financiers’ responsibilities and obligations.
This move is part of the Central Bank’s commitment in promoting fair consumer outcomes in the financial industry in accordance with the Policy Document of Fair Treatment of Financial Consumers, as well as other relevant policy documents, guidelines, and circulars issued by the central bank
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