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Digital Payment Provider Paydibs Eyes Southeast Asia, South Asia Expansion

By Fatin Umairah Abdul Hamid

 

KUALA LUMPUR, June 30 (Bernama) -- Homegrown Malaysian fintech company Paydibs Sdn Bhd is expanding into Southeast Asia and South Asia, with plans to enter Thailand, Indonesia and the Philippines by the end of this year, said its chief executive officer Tee Kean Kang.

EMGA Closes US$15 Mln Senior Debt Facility For CDB In Sri Lanka

KUALA LUMPUR, June 30 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has closed a US$15 million senior debt facility for Citizens Development Business Finance PLC (CDB), marking a milestone in strengthening Sri Lanka’s financial sector and supporting sustainable growth. (US$1=RM4.06)

Circeus Launches With EBRD Equity Investment

KUALA LUMPUR, June 30 (Bernama) -- Circeus, an artificial intelligence (AI)-native holding company, has launched with an equity investment from the European Bank for Reconstruction and Development (EBRD), alongside participation from other investors.

Bursa Malaysia Opens Marginally Higher

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, June 30 (Bernama) -- Bursa Malaysia opened marginally higher on Tuesday, tracking Wall Street’s overnight gains as investor sentiment was lifted by the continued pause in military strikes between the US and Iran.

KLCI Futures Open Lower

KUALA LUMPUR, June 30 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract opened lower on Bursa Malaysia Derivatives on Tuesday, despite gains in the underlying cash market.

Ringgit Higher Against Greenback In Early Trade, Tracks Weaker US Dollar Index

KUALA LUMPUR, June 30 (Bernama) -- The ringgit was higher against the US dollar in the early session today, tracking a weaker US dollar index (DXY) as traders positioned ahead of key US labour market and consumer confidence data.

Subsidy Rationalisation To Safeguard MSME Margins, Malaysia's Competitiveness - MITI

KUALA LUMPUR, June 29 (Bernama) -- Subsidy rationalisation can help safeguard the profit margins of micro, small and medium enterprises (MSMEs) and preserve Malaysia’s competitiveness if implemented gradually, in a targeted manner and accompanied by comprehensive support measures.

CPO Futures Close Higher On Stronger Soybean Oil Prices

KUALA LUMPUR, June 29 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Monday, tracking the rally in soybean oil futures on the Chicago Board of Trade (CBOT).

Bursa Malaysia Gold Futures Close Slightly Lower

KUALA LUMPUR, June 29 (Bernama) -- Gold futures on Bursa Malaysia Derivatives closed marginally lower today, in line with the weaker US COMEX gold market amid subdued demand.

KLCI Futures Close Higher

KUALA LUMPUR, June 29 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended higher despite a weaker performance in the cash market. 

SC Issues Guidance Note On Sukuk To Strengthen Alignment With Maqasid Al-Shariah

KUALA LUMPUR, June 29 (Bernama) -- The Securities Commission Malaysia (SC) today issued the Guidance Note on Sukuk: An Alignment with the Maqasid Al-Shariah Guidance Islamic Capital Market Malaysia to strengthen the alignment of sukuk issuances with Maqasid al-Shariah.

Kaspersky, Digital Penang Collaborate To Boost Cybersecurity Readiness Among MSMEs

GEORGE TOWN, June 29 (Bernama) -- Global cybersecurity and digital privacy company Kaspersky and Digital Penang have entered into a strategic collaboration to strengthen digital trust among micro, small and medium enterprises (MSMEs) in Penang, supporting the state’s efforts to build a trusted and resilient digital economy.