<div class=newsTextDataWrapInner>SINGAPORE (19 June): POSB, DBS and Standard Chartered bank customers may now withdraw cash from their accounts at all 7-Eleven stores in Singapore via the soCash app, without the need for an ATM card or PIN code.</div>

<div class=newsTextDataWrapInner>The new cardless cash withdrawal service, which has been in effect since June 1, comes as part of 7-Eleven’s collaboration with Singapore-based fintech start-up soCash to see the integration of the latter’s proprietary digital cash circulation platform into 7-Eleven’s retail network of more than 370 stores island-wide.</div>

<div class=newsTextDataWrapInner>It is the latest to join other banking and financial services offered by 7-Eleven, such as cash withdrawal services for POSB, DBS, UOB, OCBC and<a href="https://www.theedgesingapore.com/cardless-cash-withdrawal-service-launched-7-eleven-stores-posb-dbs-stanchart-clients" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (19 June): POSB, DBS and Standard Chartered bank customers may now withdraw cash from their accounts at all 7-Eleven stores in Singapore via the soCash app, without the need for an ATM card or PIN code.

The new cardless cash withdrawal service, which has been in effect since J...

Cardless cash withdrawal service launched at 7-Eleven stores for POSB, DBS & StanChart clients

The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).

Court rejects Najib's application for permanent stay in IPIC trial

CGS International expects Affin Bank Bhd (KL:AFFIN) net profit for 4Q FY24 to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision (LLP).

In a note on Monday, the house projected a net profit of RM95.7 million for Affin Bank in 4Q24, representing a 34.4% quarter-on-quarter decline.

Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.

High Court quashes Swatch seizure by Home Ministry

Sarawak Plantation Bhd (KL:SWKPLNT) is expected to see strong performance in the fourth quarter of 2024 on the back of rising crude palm oil (CPO) prices and operational improvements, said analysts.

According to Public Investment Bank (PublicInvest), Sarawak Plantation registered 9MFY24 core earnings of RM47.3 million, making up only 60% and 68% of its and consensus' full-year expectations, respectively.

Sarawak Plantation set for strong 4Q on rising CPO prices — analysts

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

Bursa Malaysia boosted by RM250.6 mil investments from local institutions last week

Australia Prime Minister Anthony Albanese said on Monday social media firms would be required to destroy personal data used to verify ages of users, as part of what the government says is a world-leading ban on under-16s using the services.

Australia PM plays down privacy fears of social media ban for children

Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.

Stocks bounce, dollar slides with bond yields on Bessent pick

The global frenzy in AI has turned an obscure Japanese company into a stock-market star.

Fujikura Ltd, which makes wire cabling for data centres, is the best performer on the Nikkei 225 Stock Average index, with its shares surging more than 400% this year.

AI boom makes 139-year-old cable company Japan’s hottest stock

The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.

Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

Malaysian Prime Minister Datuk Seri Anwar Ibrahim on Monday met with South Korean President Yoon Suek Yeol at the Yongsan Presidential Office here.

The two leaders, accompanied by several ministers, held a bilateral meeting starting at 11.10am (10.10am Malaysian time) for about an hour where they touched on the achievements and progress made since both countries established diplomatic ties 64 years ago, and the future direction to be taken.

Anwar, Yoon hold talks on Malaysia-South Korea ties

Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.

Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.

Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

TEPEA commentary: Malaysia’s best of the best

Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.

Sarawak set to finalise MASwings acquisition by next month, says Abang Johari

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

The need for legislation on the dissemination of fake information, inefficiencies in the Radio Frequency Identification (RFID) system, and the standardisation of toll payments are among the issues set to be discussed in the Dewan Rakyat on Monday.

Law on fake info, RFID inefficiencies among focus of Dewan Rakyat on Monday

The US is using Taiwan to provoke a serious crisis in Asia, Russian Deputy Foreign Minister Andrei Rudenko told TASS news agency in remarks published on Sunday, reiterating Moscow's backing of China's stance on Taiwan.

Russia says US using Taiwan to stir crisis in Asia

Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.

Chinese exports to hit record this year before second Trump term

A US agency that agreed to lend more than US$500 million (RM2.46 billion) to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.

US development agency conducting due diligence on Adani’s Sri Lanka project

The global frenzy in AI has turned an obscure Japanese company into a stock-market star.

Fujikura Ltd, which makes wire cabling for data centres, is the best performer on the Nikkei 225 Stock Average index, with its shares surging more than 400% this year.

Brazilian meatpackers have reportedly stopped supplying meat to the Carrefour group in Brazil after the retailer's global CEO vowed to keep South American meat off its shelves in France in solidarity with French farmers, according to local media reports that cited anonymous industry sources.

Brazilian meat suppliers stop deliveries to local Carrefour retailers, media say

The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.

On a transformation trajectory

<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left) writer Priya Devan, senior editor E Jacqui Chan, ...

Note from the publisher: Raising the bar for real estate excellence

LONDON (Nov 25): British workplaces rank among the worst in Europe for long hours, tight deadlines and limited autonomy, without being any more productive, according to a report prepared as the new Labour government plans tougher rules for employers.

Three fifths of the workforce report...

UK workers face some of Europe's greatest job stress, report says

China will expand its visa-free arrangements to include Japan, Bulgaria, Romania, Croatia, Montenegro and other countries, effective from Nov 30, 2024, to Dec 31, 2025, a foreign ministry spokesperson said&nbsp;last Friday.

China expands visa-free access to Japan, Bulgaria and other countries

New Zealand retail spending fell for a second straight quarter as high interest rates dented consumer sentiment, adding to signs the economy was in recession in the middle of the year.

New Zealand retail spending slows again, pointing to recession

As small and medium enterprises (SMEs) grapple with the complexities of cross-border payments in an increasingly digitalised world, fintech companies are stepping in to transform the landscape. These companies offer solutions that traditional banks may lack — for instance, covering payment servic...

Fintech: Helping SMEs with cross-border payments

The Australian government on Monday will introduce legislation to implement production tax incentives for renewable hydrogen and critical minerals to help boost investment in the sector, which could play a major role in energy transition plans.