Banking & Finance

Top Story

BNM to establish Financial Threat Intelligence Platform

KUALA LUMPUR, Jun 17 (Bernama) - Bank Negara Malaysia (BNM), together with the financial industry, is in the process of establishing a Financial Threat Intelligence Platform. Its governor Datuk Nor Shamsiah Mohd Yunus said the platform would collate, analyse and disseminate real-time information on cyber threats and trends to strengthen the detective capabilities on the industry against such threats.

More Top Stories Read More

Other Headlines

CBM to approve QR Code Payment Transactions soon

Digital payments using QR codes will be introduced to Myanmar as soon as the framework for such payments are ready.
Date: 13 June 2019; Type: Legal News; Source: Myanmar Times

Finance Ministry cuts Micro Finance Loan Interest Rates

A new directive from the Ministry of Planning and Finance (MOPF) has reduced interest rate for microfinance loans and compulsory saving. The new rates are to take effect at the beginning of this month but the announcement was released after four days of the effective date, causing microfinance institutions to be in a difficult position.
Date: 11 June 2019; Type: Legal News; Source: Myanmar Times

Government Bond futures Contracts to be launched

Hanoi, Jun 8 (VNA) - Government bond futures contract, a new product in the derivatives market, will be traded on the Hanoi Stock Exchange on July 4, the State Securities Commission (SSC) has said. Preparations for the launch of five-year Government bond futures contract have been completed, SSC said. Building a derivatives market aims to ...
Date: 08 June 2019; Type: Legal News; Source: Vietnam News Agency

Bursa Malaysia seeks Feedback on Proposed Rule Amendments for CDS eServices

KUALA LUMPUR, May 31 (Bernama) - Bursa Malaysia Bhd has issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sendirian Bhd (Bursa Depository) to facilitate a suite of central depository system (CDS) eServices for individual depositors. The features for the new CDS eServices wi ...
Date: 31 May 2019; Type: Legal News; Source: Bernama

Central Bank to continue managing Monetary Policy

Hanoi, May 30 (VNA) - The State Bank of Vietnam (SBV) said on May 30 that it will continue to coordinate with relevant Vietnamese ministries and agencies regarding the US Department of Treasury’s issues of concern, in the spirit of cooperation.
Date: 30 May 2019; Type: Legal News; Source: Vietnam News Agency

BSP OKs New Guidelines for External Auditors

MANILA, May 29 (PNA) - The Monetary Board approved the revised guidelines governing the selection, appointment and delisting of external auditors of Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions (BSFIs).
Date: 29 May 2019; Type: Legal News; Source: Philippine News Agency

Central Bank issues Warning against Crypto Currency Trading

Local investments in cryptocurrency have been rising, according to experts in the financial sector. But unlike overseas, where exchanges and crypto-news aggregators publish transaction data on a daily basis, the numbers are more difficult to track in Myanmar.
Date: 20 May 2019; Type: Legal News; Source: Myanmar Times

Don’t use Crypto Currencies, Central Bank warns

The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal.
Date: 20 May 2019; Type: Legal News; Source: Vientiane Times

SC revises Guidelines for Property Crowdfunding

KUALA LUMPUR, May 17 (Bernama) - The Securities Commission Malaysia (SC) has revised its Guidelines on Recognised Markets to introduce new requirements to facilitate the new Property Crowdfunding (PCF), said Chairman Datuk Syed Zaid Albar. He also announced the registration of eight new Recognised Market Operators (RMO) comprising three equity ...
Date: 17 May 2019; Type: Legal News; Source: Bernama

BNM opens up Dynamic Hedging Scheme for Trust Banks, Global Custodians

KUALA LUMPUR, May 16 (Bernama) - Bank Negara Malaysia (BNM) is opening up the dynamic hedging programme for trust banks and global custodians on behalf of their clients effective immediately.
Date: 16 May 2019; Type: Legal News; Source: Bernama

Proactive Measures for smoother Financial Market, Dewan Negara told

KUALA LUMPUR, Apr 25 (Bernama) - The government has taken several proactive measures to ensure a smoother financial market, the Dewan Negara was told today. Deputy Communications and Multimedia Minister Eddin Syazlee Shith, who was representing the Finance Ministry during Question Time said the measures were to ensure adequate liquidity, resil ...
Date: 25 April 2019; Type: Legal News; Source: Bernama

BSP releases First Tranche of National Payment Systems Act IRR

MANILA, Apr 24 (PNA) - The Bangko Sentral ng Pilipinas (BSP) released the draft circular providing for the implementing rules and regulations (IRR) of Republic Act 11127 or the National Payment Systems Act (NPSA), a landmark legislation that supports the BSP's mandate relating to the third pillar of central banking -- the maintenance of a safe, eff ...
Date: 24 April 2019; Type: Legal News; Source: Philippine News Agency

Malayan Banking Bhd v Barclays Bank PLC

Banking - Electronic banking - Electronic funds transfer; Contract - Implied contracts; Contract - Illegality and public policy

Date: 12 April 2019; Court: High Court; Citation: [2019] SGHC(I) 4; Source: Singapore Law Watch

Enactment of 2019 National Budget to spur Economic Growth

MANILA, Apr 16 (PNA) - Finance Secretary Carlos Dominguez III hailed the signing into law of the PHP3.7-trillion 2019 national budget, citing its importance towards attaining sustained growth of the Philippine economy. “We fully support the President in his desire to focus national expenditure on projects and activities that redound to t ...
Date: 16 April 2019; Type: Legal News; Source: Philippine News Agency

National Bank to embrace Industry 4.0

The National Bank of Cambodia (NBC) will continue to promote the development of the Fourth Industrial Revolution in the Kingdom’s financial sector, according to its Macro-economic and Banking Sector Development in ...

Draft Law on monitoring Transactions passed more

Parliament passes into Law RAPBN 2019 in Plenary Session

Jakarta, Oct 31 (ANTARA News) - The House of Representatives (DPR) has passed into law the draft state budget (RAPBN) 2019 in a plenary session here on Wednesday. Finance Minister Sri Mulyani Indrawati said the draf ...

Government to set aside Special Allocation funds for National Museums House Commission approves Additional Budget for Industry 4.0 Bank Indonesia to prioritize Monetary Policy more

Don’t use Crypto Currencies, Central Bank warns

The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal.

Government approves Special Budget for Flood Recovery Central Bank Governor gets New Legal Backing NA debates Draft Law on Central Bank more

BNM to establish Financial Threat Intelligence Platform

KUALA LUMPUR, Jun 17 (Bernama) - Bank Negara Malaysia (BNM), together with the financial industry, is in the process of establishing a Financial Threat Intelligence Platform. Its governor Datuk Nor Shamsiah Mohd Yun ...

Bursa Malaysia seeks Feedback on Proposed Rule Amendments for CDS eServices SC revises Guidelines for Property Crowdfunding BNM opens up Dynamic Hedging Scheme for Trust Banks, Global Custodians more

BSP OKs New Guidelines for External Auditors

MANILA, May 29 (PNA) - The Monetary Board approved the revised guidelines governing the selection, appointment and delisting of external auditors of Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions (BS ...

BSP releases First Tranche of National Payment Systems Act IRR Enactment of 2019 National Budget to spur Economic Growth BSP extends Transitory Period for Banks' Amended Reports more

DPM and Industry Minister outline SME Bank Policy

BANGKOK, Dec 7 (NNT) - Deputy Prime Minister Somkid Jatusripitak and Minister of Industry Utama Saowanayon have handed down policies to the SME Development Bank (SME Bank) focused on aiding business operators in 2019 and ...

BoT relaxes Regulations to allow for Easier Loan Approvals Cabinet approves Special Budget to help Sugar Cane Growers Cabinet approves New Debt Moratorium Program for Eligible Farmers more

INDUSTRY UPDATES

SEC urges Public to scrutinize Firms before investing

MANILA, Jun 26 (PNA) - As it intensifies the crackdown on suspected investment scams, the Securities and Exchange Commission (SEC) has advised prospective investors to scrutinize first the legitimacy of a company before making their investment decisions.

More Industry Updates Read More

INDUSTRY UPDATES

SC sets Ground Rules for Oral Arguments on Writ of Kalikasan

MANILA, Jun 25 (PNA) - The Supreme Court (SC) on Tuesday issued guidelines for the July 2 oral arguments on the writ of kalikasan suit filed by petitioners seeking assertive government action on the disputed Ayungin Shoal, Panganiban Reef, and Panatag Shoal.

More Industry Updates Read More

INDUSTRY UPDATES

Police Chief bans Mass Rally outside Constitutional Court Building

Jakarta, Jun 25 (ANTARA) - Police has banned mass rallying outside the Constitutional Court (MK) building during the court's Consultative Meeting of Judges before it gives a ruling on the presidential election dispute, Indonesian Police Chief Gen. Tito Karnavian emphasized.

More Industry Updates Read More

INDUSTRY UPDATES

Government plans to build New Shah Alam Court Complex - Liew

SHAH ALAM, Jun 24 (Bernama) - The government plans to build a new Court Complex in Shah Alam to replace the existing building, said Minister in the Prime Minister’s Department Datuk Liew Vui Keong.

More Industry Updates Read More

INDUSTRY UPDATES

Niosh offers free needs Analyses for Sabah and Labuan Workplaces

KOTA KINABALU, Jun 24 (Bernama) - The National Institute of Occupational Safety and Health (NIOSH) stands ready to conduct free needs analyses of workplace safety for organisations in Sabah and the Federal Territory of Labuan, with the aim of identifying appropriate training required.

More Industry Updates Read More

INDUSTRY UPDATES

Ministry launches Sexual Predation Awareness Campaign

PUTRAJAYA, Jun 24 (Bernama) - The Women, Family and Community Development Ministry today launched a sexual predation awareness campaign via digital medium Youtube.

More Industry Updates Read More

INDUSTRY UPDATES

Ambushed fiscal named Mindoro judge

MANILA, Jun 21 (PNA) - A female prosecutor who was shot and wounded as she was entering her home in Oriental Mindoro last June 10 is among the newly-appointed judges, Justice Secretary Menardo Guevara announced on Friday.

More Industry Updates Read More

INDUSTRY UPDATES

ASEAN Chamber of Commerce, UiTM ink MoU to collaborate in Various Areas

KUALA LUMPUR, Jun 22 (Bernama) - ASEAN Chamber of Commerce and Universiti Teknologi Mara (UiTM) have inked a memorandum of understanding (MoU) to pave the way for collaboration in various areas of entrepreneurship, including research.

More Industry Updates Read More

INDUSTRY UPDATES

President Jokowi to attend 34th ASEAN Summit in Thailand

Jakarta, Jun 20 (ANTARA) - Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Bangkok, Thailand, from June 22 to 23, 2019.

More Industry Updates Read More

INDUSTRY UPDATES

PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).

More Industry Updates Read More

INDUSTRY UPDATES

RI hopes for Progress in Timor Leste joining ASEAN

Jakarta, Jun 19 (ANTARA) - The Indonesian government has expressed its hopes that the ongoing evaluation of Timor Leste will result in its becoming a member of the Association of Southeast Asian Nations (ASEAN).

More Industry Updates Read More

INDUSTRY UPDATES

MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.

More Industry Updates Read More

INDUSTRY UPDATES

Amended Code did not affect Conflict of Interest - Witness

KUALA LUMPUR, Jun 18 (Bernama) - The Code of Ethics for Administration Members and Members of Parliament was amended by the Cabinet in 2013 but did not affect the conflict of interest provision, according to a Cabinet former deputy secretary-general (Constitution and Communication).

More Industry Updates Read More

INDUSTRY UPDATES

Court urges Johor PTG to meet Orang Asli to settle Compensation Issue

JOHOR BAHRU, Jun 18 (Bernama) - The High Court here today encouraged the state Land and Mines Office (PTG) to engage in discussions with the Seletar tribe Orang Asli of Kuala Masai with the aim of settling compensation due as a result of wrongful acquisition of their land in Stulang Laut.

More Industry Updates Read More

INDUSTRY UPDATES

Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

More Industry Updates Read More

INDUSTRY UPDATES

New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

More Industry Updates Read More

INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

More Industry Updates Read More

INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

More Industry Updates Read More