Tag: Economy

Bank Negara Malaysia has published an exposure draft detailing regulatory guidelines for Digital Insurers and Takaful Operators. The proposed framework aims to enhance market inclusiveness, competition, and operational efficiency while establishing clear licensing and business model standards for digital insurance providers.

The first session of the 15th Malaysian Parliament will commence on December 19, focusing on approving emoluments for civil employees and preparing a new or revised budget under Prime Minister Anwar Ibrahim's administration.

S&P Global Ratings predicts Malaysian banks will sustain loan growth of 5-6% in 2023, driven by the country's stable economy. With robust capitalization and provisioning buffers, banks are well-positioned to manage potential asset quality risks amid projected GDP growth of 4.5% over the next three years.

Brunei secured impressive global rankings in business and labor market regulations, scoring 8.8 out of 10 in the Fraser Institute's Economic Freedom Index. The Sultanate ranked 59th globally among 165 economies, demonstrating strength in regulatory compliance and economic frameworks.

AmBank has formed a strategic two-year partnership with Persatuan Usahawan Maju Malaysian (PUMM) to enhance financial awareness and provide financing solutions for small and medium enterprises. The collaboration aims to empower over 3,000 business owners from various sectors by offering specialized banking products and tools.

Malaysia is unlikely to experience a recession due to its diversified economic structure. With services contributing 57%, manufacturing 24.3%, and agriculture and mining 14% to GDP, the country maintains economic stability through varied sectors and balanced international trade relationships.

Hong Kong's government celebrates its continued recognition as the world's freest economy by the Fraser Institute. The annual report highlights the territory's top ranking in "Freedom to Trade Internationally" and commitment to maintaining an efficient, open market environment.

Malaysia's franchise industry is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The sector has seen a 47% increase in franchise outlets in 2021, creating approximately 49,000 jobs and demonstrating strong potential for economic expansion.

Asian stock markets show mixed performance as investors await crucial US employment data. Shanghai and Seoul advanced, while Tokyo and Hong Kong retreated. The August jobs report may influence Federal Reserve's strategy on interest rates and inflation management.[100 words]

Standard Chartered Malaysia introduces SmartStocks, a revolutionary online share trading platform that allows Malaysian investors to access 12 international stock exchanges through a single account. The platform offers low transaction fees, particularly for Priority Private clients, addressing the challenges of global market access for retail investors.