Local News

LOCAL NEWS:

Malaysia’s Foreign Stock Inflows for 2018 Wiped Out in One Week – 22 May 2018
While locals in Malaysia cheer the ouster of the Barisan Nasional coalition for the first time since independence, foreign stock investors are voting with their feet.Foreign inflows into the local stock market of $937.8 million were wiped out…
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Bank Negara Provides Greater Info For Investors On Bond Market – 21 May 2018
Bank Negara Malaysia is further developing the bond market by providing investors with greater access to information with the operationalisation of segregated securities accounts.The Financial Markets Committee (FMC) said on…
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SC: Malaysia equity crowdfunding platform raised RM33m since 2015 inception – 14 May 2018
The Securities Commission Malaysia (SC) said Malaysia’s equity crowdfunding (ECF) platform had raised RM32.74 million since its inception in 2015. The SC said today the ECF platform had raised the money through 37 campaigns….
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Bank Negara adds Tu-E Capital to alert list – 14 May 2018
Bank Negara Malaysia has added Tü-E Capital Bhd – which has its origins in Indonesia – to its Financial Consumer Alert list of unapproved companies and websites.“The list consists of companies and websites which are neither authorised…
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Money Thoughts: The long, sure road to riches – 13 May 2018
When we know for certain that two activities are crucial for lifelong success, how do we prioritise them by urgency and importance? Six days before GE 14, I was invited back onto the Ringgit and Sense show on BFM Radio 89.9 to answer…
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JJ Poor To Rich founder pleads not guilty to falsifying document to SSM – 13 May 2018
JJ Poor To Rich (JJPTR) investment scheme founder pleaded not guilty to a charge of falsifying documents submitted to the Companies Commission of Malaysia (SSM) in 2016.Lee Choong Sen, 29, also known as Johnson Lee, was charged at the Sessions Court here …
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Urgent need for more holistic approach to wealth management – 7 May 2018
There is an urgent need for more holistic planning solutions in Malaysia’s wealth management industry, said wealth management firm Harveston Financial Group executive director Phang Kar Yew…
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Making a smooth transition into your retirement years – 5 May 2018
Let’s face it, retirement can be a life-changing event.For years, you may not need to worry about your lifestyle as there was “inexhaustible” funds i.e. income, so long you continue to put in your time at work. But all these change, once you retire….
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Unexpected GE14 outcome may trigger selldown — analyst – 4 May 2018
The market, which has priced in a win by the incumbent Barisan Nasional (BN) government in the upcoming 14th general election (GE14), may see a knee-jerk selldown if the opposition emerges the victor instead, according to RHB Research Institute head of Malaysia research Alexander Chia….
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Rakuten Trade draws young investors to its platform – 3 May 2018
In recent years, most investment banks and stockbroking firms have struggled to find new clients to open trading accounts….
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Types of investments in the market – 3 May 2018
The more common types of investments available in the financial market place are detailled below…
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Regulation of initial coin offerings – 1 May 2018
The most recent jurisdictions that have come up with regulatory guidelines for initial coin offerings (ICOs) are Singapore and Switzerland….
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Malaysia’s KWAP says 2017 Gross Income Up at RM9.03B – 23 Apr 2018
KUALA LUMPUR (April 23): Malaysia’s Retirement Fund (Inc), also known as Kumpulan Wang Persaraan (Diperbadankan) (KWAP), registered gross income of RM9.03 billion in the financial year ended Dec 31, 2017 (FY17) from RM6.36 billion a year earlier…
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Robo-advisor seen as a step forward for investors – 17 Apr 2018
The issuance of robo-advisory licences by the Securities Commission Malaysia (SC) would allow regulators to provide high quality and cheaper investment advice for customers….
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Smart EPF investing during volatile times – 14 Apr 2018
Many Employee Provident Fund (EPF) members are content with the annual dividend rates generated by EPF investments. The average annual dividend rate for the past 10 years, according to the EPF website, is 6.02 per cent….
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Bank Negara adds two more websites to alert list – 12 Apr 2018
Bank Negara Malaysia has updated its financial consumer alert list with the addition of Financial.org Malaysia and Time Travel & Explorer Sdn Bhd.Bank Negara had on its website stated these two companies were …
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Gold scam by ‘Datuk Seri’ leaves victims in Malaysia poorer by S$5 million – 12 Apr 2018
A gold investment scam by a supposed “Datuk Seri” has left more than 100 investors poorer by about RM15 million (S$5 million), several of the victims claim.Nine of the victims, who lost about RM1.5 million in total, have come forward to tell their…
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Bursa Malaysia announced CIS regulatory framework enhancements – 2 Apr 2018
Bursa Malaysia Securities Bhd today announced enhancements to the regulatory framework for listed collective investment scheme (CIS) and business trust under the Main Market Listing Requirements (Main LR)….
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Fintech: P2P Invoice Financing A Short-Term Investment Tool – 30 Mar 2018
Local investors looking for short-term investment options can now consider invoice financing notes on peer-to-peer (P2P)lending platforms. Compared with fixed deposits, these notes offer higher returns over shorter tenures — but at higher risk….
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‘Pump and Dump’ Activities Under Scrutiny – 24 Mar 2018
The Securities Commission’s (SC) warning to investors over “pump and dump” scams over the week came about one year after Bursa Malaysia issued the same caution in a circular to the heads of dealing and compliance of stockbroking companies last March….
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Ex-Genneva Directories Fail Again in Bid to Stay Execution – 23 Mar 2018
Four former directors of gold investment firm Genneva Sdn Bhd failed in their third attempt at the Court of Appeal to get a stay of execution on their eight-year jail sentence pending the hearing of their review application….
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SC Warns Investors Over ‘Pump and Dump’ Schemes via Internet and Social Media – 21 Mar 2018
KUALA LUMPUR: Securities Commission (SC) has warned investors over the increase use of blogs, forums and social media platforms to spread false and misleading information on certain companies in order to perpetrate ‘pump and dump’ schemes…
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SC one of world’s best – 19 Mar 2018
THE Securities Commission Malaysia, the country’s capital market regulator, celebrates its 25th Anniversary this month.At the 2018 World Capital Markets Symposium, hosted by…
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Securities Commission Malaysia annual report 2017: SC to issue first robo-advisory licence ‘very soon’, says chairman – 16 Mar 2018
The Securities Commission Malaysia (SC) said it will be licensing the first digital investment manager (DIM) — or more commonly known as robo-advisory — this year, as the regulator pushes on with its digital market strategy….
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Film production company owner nabbed over investment scams – 16 Mar 2018
Police have detained the owner of a film production company in connection with 23 reports lodged over foreign exchange and cryptocurrency investment scams involving losses of RM13.9 million…
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Securities Commission to push ahead with digital agenda – 15 Mar 2018
In 2018, SC will continue to facilitate innovation and implemented market strategy to widen access to alternative market-based avenue, which is open application for peer-to-peer (P2P) lending; license digital investment managers; accelerate industry…
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Six reasons why investors should react rationally – 14 May 2018
GENERALLY, brokerages are predicting that Bursa Malaysia will go on a correction mode due to the change in government when it opens today.The investment community does not like uncertainties….
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Funds: A good year for PRS funds – 8 Mar 2018
The funds under the Private Retirement Scheme (PRS) had a good 2017, with rising assets under management (AUM) and a rapidly growing membership base….
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RM1.1 billion lost due to illegal investments over 3 years – 1 Mar 2018
A total of RM1.135 billion in losses were incurred by 758,851 people in the country since 2015 as a result of illegal investments….
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Cover Story: Much Ado About ICOs – 28 Feb 2018
In 2017, the many initial coin offerings (ICOs) available in the market presented an enticing opportunity for investors to fund start-ups powered by blockchain technology. However, as the number of offerings quadrupled within the space of a year…
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Retail Investors to have Wider Access to Fund Managers Across Malaysia, Singapore, Thailand – 26 Feb 2018
The financial regulatory authorities of Malaysia, Singapore and Thailand have revised the Asean Collective Investment Schemes (CIS) framework to enable fund managers operating in one jurisdiction to offer funds constituted and approved in that jurisdiction…
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Cover Story: Bringing retailers back to Bursa Malaysia – 22 Feb 2018
WHEN was the last time you heard a cab driver talking about buying shares in the local stock market? Or when you exchanged hot tips with friends or distant relatives over dinner?It would not be a surprise if you can’t recall any of the above, simply because…
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Share trade stamp duty waiver will be for firms with RM200m-RM2b market cap – 14 feb 2018
KUALA LUMPUR (Feb 14): The recently-announced stamp duty waiver on trading of shares of mid- and small-cap companies will apply to firms with a market capitalisation of between RM200 million…
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Money game operators thrive as victims fear lodging reports, say politicians – 14 Feb 2018
DESPITE losing millions, investors are refusing to spill the beans on money game operators, who continue to operate without fear of the authorities.There are no statistics of how many people have lost how much…
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Measures taken to lure long-gone retail investors – 7 Feb 2018
Retail investors will soon be able to borrow more for margin financing and also allowed to short sell shares on Bursa Malaysia….
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Stamp duty waiver for shares of mid and small cap companies traded on Bursa Malaysia – 6 Feb 2018
KUALA LUMPUR: Stamp duty on share of mid and small cap companies in Malaysia will be waived with effect from March 2018 for three years…
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Bursa welcomes stamp duty exemption, trading to resume – 6 Feb 2018
Bursa Malaysia has welcomed the government’s decision to exempt stamp duty on shares of mid and small cap companies, which will take effect in March 2018….
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Is bitcoin a scam? – 5 Feb 2018
Is bitcoin one humongous scam or Ponzi scheme? Before I answer that question, let’s look at the four typical characteristics of a Ponzi scheme….
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Ponzi Scheme Suspects Nabbed – 30 Jan 2018
Six suspects including a Datuk Seri and four others with Datukship titles were remanded yesterday in connection with running a “money game” or Ponzi scheme called the Royal Gold….
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New Cryptocurrency Exchange to be Launched Next Month – 29 Jan 2018
A homegrown cryptocurrency exchanger is launching a revamped version of its trading venue, targeting strong market appetite for the alternative asset class, amid increased regulatory scrutiny on the sector….
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Industry: Equity Crowdfunding in Good Shape, says PitchIN – 27 Jan 2018
The good track record of companies that have raised funds on equity crowdfunding (ECF) platforms have fuelled investor confidence. They have begun to notice that good companies have chosen to raise funds through this avenue, says pitchIN co-founder Kashminder Singh….
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Bank Negara Records Greater Public Awareness About Financial Scamming – 21 Jan 2018
ALOR STAR: Bank Negara Malaysia (BNM) recorded an increase in public awareness about financial scamming judging from the number of telephone calls it received, compared to two years ago….
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Building Wealth Management Strategies for This Year – 20 Jan 2018

The year is shaping up to be a challenging one.Not only has the US Federal Reserve started to raise interest rates – a move mirrored by China’s central bank and the Hong Kong Monetary Authority with more developed…

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SC, BNM warn against initial coin offering schemes –  19 Jan 2018
KUALA LUMPUR: The Securities Commission (SC) and Bank Negara Malaysia have warned the public against initial coin offering (ICO) schemes which may involve activities that are subject to laws administered by both agencies….
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Penang police to crackdown on money games in the state – 18 Jan 2018
Police are determined to crack down on rampant money games syndicates in the state, said Penang police chief Comm Datuk A. Thaiveegan….
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Meet The New Ride-Hailing Platform That Could Disrupt The Disruptors In M’sia – 17 Jan 2018
Grab and Uber have built a pretty substantial presence here in Malaysia, thanks to immense support from Malaysian regulators. As we wait for something like Lyft to finally come here, another player enters from left field….
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Three Datuks arrested in RM1 billion forex investment scam – 14 Feb 2018
Three Datuks were arrested in a series of raids in the city on Feb 10 for their suspected involvement in a foreign exchange scam which is believed to have raked in RM1 billion….
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SC acts to protect consumers – 12 Jan 2018
Lack of clarity and safeguarding of consumer interests are the likely reasons behind the authorities’ action to stop the launch of an initial coin offering (ICO) this week, said experts…
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What Will Equity Crowdfunding In M’sia Look Like In 2018? We Ask 3 Experts – 9 Jan 2018
2018 is set to be a big year for equity crowdfunding (ECF) in 2018, as more and more success stories emerge.This is a huge development….
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Blockchain firm CopyCash issued cease order by Securities Commission – 9 Jan 2018
The Securities Commission (SC) has directed Singapore’s CopyCash Foundation to stop promoting investments schemes here, after it found that certain representations made by…
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CopyCash drops ICO launch after coming under scrutiny – 5 Jan 2018
PETALING JAYA: Singapore’s CopyCash has shelved its initial coin offering (ICO) launch slated to take place this afternoon after the Securities Commission said it would be meeting with promoters of the digital token-based investment…
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Most Malaysians cannot afford to retire – 25 Oct 2017
MALAYSIA is ageing, and the population over 65 should come to 15% of the population by 2035. Current Employees Provident Fund (EPF) savings for most Malaysians are barely enough for a decent life after retirement…
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