SC engages with MoF to review its financial stability - chairman


SC chairman Datuk Seri Dr Awang Adek Hussin

KUALA LUMPUR: The Securities Commission Malaysia (SC) is engaging with the Ministry of Finance (MoF) to conduct a review of SC’s financial sustainability for a better revenue model, said its chairman Datuk Seri Dr Awang Adek Hussin.

He said the SC recorded a higher deficit last year compared to the previous year, and this situation cannot persist as it would affect its financial sustainability moving forward.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Zetrix AI, Nothern Solar, Datasonic, Aemullus, Salutica, Axteria, Landmarks, MMM, EGH, Speedy Best, Ancile Tech
IMF: AI, energy prices shaping global economy
RedPlanet eyes bigger rail projects
CPO resilient
Yinson upstream unit raises fresh debt for FPSO Agogo
Shrinking orders cloud Mitrajaya Holdings outlook
Landmarks in RM4.48mil resort purchase
Northern Solar bags RM34mil EPCC contract for 9.5MW solar plant
Aemulus in RM15mil contract win
Temasek flags AI unwind, inflation as market risks

Others Also Read