In recent years, the financial services sector has been one of the most impacted by the digital revolution taking place across the globe. Domestically, the industry has been shaken and stirred by the rapid pace of digitalisation and the emergence of new technologies.

With the government...

Financial services players have to rethink their playbook

With the surge in online transactions last year due to the Covid-19 pandemic, the knee-jerk reaction has been to strengthen digital governance as well as make online transactions more secure.

Consequently, the government has included the implementation of the national digital identity (...

Adoption of national digital identity more timely than ever

“We would like to congratulate the government for this milestone MyDIGITAL initiative. We are especially honoured to be the only Malaysian-owned ...

Ahmad Taufek Omar, Executive Vice-President and CEO of TM ONE

We are delighted with the recent launch of MyDIGITAL initiative and we would like to congratulate the Prime Minister Tan Sri Muhyiddin Ya...

Datuk Dr Ir Mohd Abdul Karim Abdullah, Group Managing Director and CEO of Serba Dinamik

The objectives for digitalisation in the Malaysia Digital Economy Blueprint cover a wide scope, ranging from a digitalisation guide for companies to reviews on intellectual property (IP) and tax frameworks. 

Overall, it aims to create digital companies that can succeed globally by ...

Government should enable a conducive environment for digitalisation

Connectivity is undeniably the foundation of the Malaysia Digital Economy Blueprint as the majority of the initiatives will not be able to take off if communications coverage is not spread evenly throughout the country.

In the blueprint, connectivity initiatives include heightening rura...

Connectivity, the foundation of MyDIGITAL

The next generation of wireless technology — 5G — will be a game changer for the global economy. It is the foundational technology that is instrumental for the development of other revolutionary applications, such as self-driving cars, massive Internet of Things (IoT), smart cities, augmented and...

What’s the buzz about 5G?

Cloud adoption pivotal to Malaysia’s digital leadership goals

While reading the Malaysia Digital Economy Blueprint may give you some idea of where the nation plans to head in terms of technology, many will not be able to relate to the words or picture of what the future will look like when technologies such as artificial intelligence (AI), the Internet of T...

Movies to get you into the digital mood

The data initiatives and policies within the Malaysian Digital Economy Blueprint deserve a second look because they are the bedrock on which other digital initiatives will be built upon.

According to PricewaterhouseCoopers (PwC) Malaysia’s chief digital officer Michael Graham, about hal...

Experts call for data initiatives to be prioritised 

The recently launched MyDIGITAL initiative has as its fourth thrust the development of an agile and competent digital talent pool. According to the blueprint, Thrust 4 seeks to address long-standing challenges to the education ecosystem, starting at the primary level and all the way up to working...

Addressing the digital talent conundrum

The Malaysia Digital Economy Blueprint sets out the digital ambitions of the country, but those in the digital content industry were disappointed to find a lack of initiatives relating to them in particular.

Although there were ambitions set out — such as creating 200 new IPs (intellect...

Review the PDPA sooner

Passengers on a luxury residential ship touring the world were unexpectedly stranded in Cambodia after the cruise company suspended operations, citing “extraordinary increases” in fuel costs.

Cruise ship strands passengers in Cambodia after fuel surge

States without sufficient water supply will not be allowed to host data centres, even if land is available, as Malaysia tightens its approval process for new projects, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.

States without sufficient water supply cannot host data centres, says Johari Ghani

The Court of Appeal on Wednesday upheld the acquittal of a businessman on 122 counts of cheating and using forged documents involving medical equipment supply investments worth more than RM6 million in 2015.

Appellate court upholds businessman's acquittal on 122 fraud, forgery charges

South Korean stocks rallied on AI-fuelled gains in technology shares, while Thailand's assets were little changed after the central bank delivered an expected hold on interest rates on Wednesday.

South Korean stocks surge on AI boost; Thai assets steady after rate hold

Negeri Sembilan has gazetted the removal of the 10th Undang of Luak Sungai Ujong Datuk Klana Petra Datuk Mubarak Thahak@Dohak, the 16th Undang of Luak Jelebu Datuk Mendika Menteri Akhirulzaman Datuk Maarof Mat Rashad and the Datuk Shahbandar of Sungai Ujong Datuk Seri Badarudin Abdul Khalid.

Negeri Sembilan gazettes removal of Undangs Mubarak and Maarof, Badarudin

Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.

StanChart shares soar after it hikes full-year targets and trounces profit estimates

The Malaysian Anti-Corruption Commission (MACC) Johor has remanded five individuals, including two federal enforcement agency officers, on suspicion of soliciting and receiving about RM1 million in bribes from a foreign worker agency.

MACC Johor: Five, including two enforcement officers, remanded in RM1m graft probe

Bank Negara Malaysia (BNM) has fined two subsidiaries of AMMB Holdings Bhd (KL:AMBANK) a total of RM552,000 for failing to promptly report cash transactions of RM25,000 and above, following lapses in their reporting systems.

BNM fines AmBank, AmBank Islamic RM552,000 over delayed cash transaction reports

Mitsubishi Materials Corporation will stop processing copper and copper alloy strips in Johor as part of reorganisation efforts at the Japanese smelting firm.

Mitsubishi Materials to shut down copper processing ops in Johor

TOKYO (Oct 28): Nomura Holdings, Japan's largest brokerage and investment bank, said on Wednesday that its second-quarter net profit rose 13% to 103.7 billion yen (US$656.7 million), driven by steady growth in wealth management.

Nomura's second-quarter profit rises 13% on growing wealth management fees

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.

Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.

Eco-Shop hits four-month low after 1Q miss; price revision looms

The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.

Malaysian billionaires said to revive plan to create nation’s biggest mobile operator

Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;

Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

Oil prices climbed more than 1% on Wednesday after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter.

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk

Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;

Prabowo to meet Singapore envoy on mission to ease relations

Bank Negara Malaysia (BNM) has fined two subsidiaries of AMMB Holdings Bhd (KL:AMBANK) a total of RM552,000 for failing to promptly report cash transactions of RM25,000 and above, following lapses in their reporting systems.

Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.

Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.

AMMB on track with earnings, time to ‘buy’ again — analyst

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Summary

•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

The rapid backlash against French football star Kylian Mbappe over a perceived insult to Mao Zedong underscores how little room for error remains for celebrities and global brands seeking to tap China’s lucrative market.

Mbappe backlash shows shrinking margin for error in China

(Oct 28):&nbsp;What began as a banner year is turning into a reckoning for Adani Enterprises Ltd, the flagship arm of India’s richest man Gautam Adani, which needs to deliver on multiple infrastructure projects to fulfill its earnings promise.

Shares of Adani Enterprises have tumbled mo...

Adani flagship’s US$10 bil wipeout raises stake for earnings

Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

Global stocks rose on Wednesday, boosted by renewed enthusiasm over artificial intelligence (AI) ahead of earnings from industry bellwethers later on, while in Europe, financial shares weighed on the broader market on a big day for results and oil rallied.

Global stocks get AI lift ahead of packed 48 hours

A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.

Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Energy Commission developing comprehensive guidelines for self-generation facilities in data centre sector

SEOUL (Oct 28): South Korean chipmaker SK Hynix said on Wednesday that it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.

SK Hynix unveils US$75 bil shareholder return plan after posting record profit

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

National Digital Blueprint

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National Digital Blueprint

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