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Economy

AmBank was fined RM875,000 by BNM

Bank Negara Malaysia (BNM) has imposed a RM875,000 fine on AmBank (M) Berhad for failing to comply with the Directive to Financial Institutions under the Financial Services Act 2013 (FSA). The penalty was issued on November 18, 2024, and…

Malaysian Airports Sale Moves Forward

The sale of Malaysia Airports Holdings Berhad (MAHB) to the Gateway Development Alliance (GDA) consortium is nearing completion, with the consortium achieving a 92.82% acceptance rate. The GDA consortium, led by Khazanah Nasional alongside…

Bank Negara Malaysia Keeps Interest Rates Unchanged

Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3.00%, marking the 10th consecutive meeting with no change. The central bank justified its decision by pointing to Malaysia’s stable economic…

LHDN doesn’t plan to extend the date for e-invoicing

The Inland Revenue Board (LHDN) does not intend to extend the Feb 1 soft-landing deadline even if businesses struggle to adopt e-invoicing. Companies in the first phase of the e-invoicing roll-out will be liable for a fine ranging from…

Anwar sure that the Petronas-Petros gas problem is fixed

Prime Minister Anwar Ibrahim states he feels problems involving Petronas and Petroleum Sarawak Bhd (Petros), particularly with regard to the right to distribute gas in Sarawak, have been settled. A Bernama report claims that negotiations…