DRB-Hicom Ceases MOU, Banking Fails, 400% EV Jump Take Up Salient Headlines

DRB-Hicom, Perak State Will Not Extend MOU

In a Bursa filing today, DRB-Hicom has informed that it will not be extending the memorandum of understanding between the company and the State Government of Perak as it expires on April 11.

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EPF Acquires Additional Shares In Local Banks

Public Bank and Alliance Bank have informed the Exchange that the Employees Provident Fund had acquired additional shares in their company and have directly increased the number of units owned.

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Customers Cannot Be Left Stranded Caused By Banking Failures

While bank customers are fuming over Malayan Banking Berhad (Maybank) and CIMB Bank Berhad’s (CIMB) service outages, businesses are complaining that Bank Negara Malaysia (BNM) has been too slow to react and enforce  any remedial action.

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Malaysia Saw 400% Jump In EV Sales, With Global Demand Rising 34% In Q1: MIGB

Global EV sales reached close to 14m in 2023, according to PWC Strategy. This was an increase of 34% YoY. China dominated the market accounting for 68% of sales, followed by US at 10%.

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Bank Negara Warns Banks After Recent System Outage

Bank Negara Malaysia has called on banks that had system outage, namely Maybank had major issues across its services including the MAE ewallet.

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NUBE Accuses HR Minister Of Not Upholding The Law

The National Union of Banking Employees (NUBE) has called on the Minister of Human Resources for failing to uphold the law with regards to the unions’ discussions with the Malayan Commercial Banks’ Association on festival Aid.

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Addressing Healthcare In Bukit Jalil’s Growing Community

The opening of the 18th Columbia Asia Hospital – Bukit Jalil by the Columbia Asia group has been met with anticipation as residents welcome the accessibility of essential medical services and specialised care.

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TNG Digital To Charge 1% Overseas Transaction Conversion Fee As Cross-Border eWallet QR Feature

TNG Digital Sdn. Bhd. (TNG Digital), Malaysia’s largest integrated fintech player, will implement a nominal 1% overseas transaction conversion fee for its  cross-border QR payment feature in TNG eWallet, starting April 25, 2024.

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