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Offering more for MICE events
Property Talk: A weekly column by S.C. Cheah.This week he says that the proposed Kuala Lumpur Convention Centre, to be launched Tuesday, will add another landmark to the capital city.
Australian gov't under pressure over frozen cash
CANBERRA, Australia (AP) - Australia's government came under pressure Friday to change its unconditional guarantee for bank deposits after other financial institutions froze funds to prevent an investment exodus.
New Islamic Financial Services Act to enforce management of syariah non-compliance risk
KUALA LUMPUR: The new Islamic Financial Services Act (IFSA) 2012 will statutorily enforce the management of syariah non-compliance risk and require Islamic financial institutions to ensure that their aim, operation, business, affairs and activities are syariah-compliant at all times.
Financial Services Act to spark new insurance company mergers?
PETALING JAYA: Will the soon-to-be-gazetted Financial Services Act (FSA) and Islamic Financial Services Act (IFSA) spark another round of consolidation among domestic insurers?
Time dotcom keeps ‘buy’ call on promising outlook
IN our recent company visit, Time dotCom Bhd (TdC) shared the expectation of securing more indefeasible rights of use (IRU) sales in the first half of 2013 due to the spillover effect from the fourth quarter 2012.
Bank Negara is liberalising foreign exchange rules to enhance competitiveness
KUALA LUMPUR: Bank Negara is liberalising the foreign exchange administration rules to enhance the economy’s competitiveness and further develop the domestic financial market.
New rules to see some takaful companies separating life and general operations
PETALING JAYA: Although the Islamic Financial Services Act (IFSA) is expected to see some takaful players, especially those with a composite licence, split their life and general operations, it has not deterred their gameplan to strengthen and grow their takaful business amid the growing and competitive Islamic insurance landscape.
Staff pinching worry in insurance arena
PETALING JAYA: With the Financial Services Act (FSA) and Islamic Financial Services Act (IFSA) around the corner, the pinching and hiring of talent is expected to intensify among composite insurers and takaful players amid the talent crunch in the competitive insurance arena.
Report: Malaysia's Islamic Finance Overhaul Boosts Protection For Depositors
KUALA LUMPUR/DUBAI: New laws governing Malaysia's Islamic finance sector will boost protection for depositors by making religious advisers legally accountable for financial products, and liable to steep fines and prison time for wrongdoing.
Takaful industry faces hiccups under new legislation
KUALA LUMPUR: The takaful industry, which expects new business growth of at least 20% this year, faces some hiccups with the implementation of new legislation in the form of the Islamic Financial Services Act (IFSA) 2013.
