<div class=newsTextDataWrapInner>SINGAPORE (Oct 2): US cryptocurrency exchange Coinbase has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS), following the in-principle approval from the state regulator last October.&nbsp;</div>

<div class=newsTextDataWrapInner>This licence will allow Coinbase to offer regulated digital payment token products and services. It will also pave the way for an enhanced range of DPT services to both individuals and institutions, according to a release from Coinbase on Monday.</div>

<div class=newsTextDataWrapInner>So far, more than a dozen firms have received the MPI and in-principle approvals from the MAS. Most recently, crypto exchange crypto.com and Boston-based stablecoin issuer Circle&nbsp;were awarded the full licence in June<a href="https://www.theedgesingapore.com/news/cryptocurrency/coinbase-awarded-full-major-payment-institution-licence-mas" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

US cryptocurrency exchange Coinbase has received a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS), following the in-principle approval from the state regulator last October.

Coinbase awarded full major payment institution licence from Singapore's MAS

KUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday.

Apa...

One killed, another hurt after fallen tree smashes into cars, monorail track in KL

KUALA LUMPUR (May 7): The development of the artificial intelligence (AI) governance and ethics code (Aige) framework is now at the final stage and will be launched soon.

AI governance and ethics code framework at final stage, will be launched soon — Mosti

Pelaburan Hartanah Bhd (PHB) is to part ways with Maybank Asset Management Sdn Bhd (Maybank AB) to independently manage the funds of its commercial property unit trust, Amanah Hartanah Bumiputera (AHB), as part of its seven-year business plan that aims to increase the fund size from RM5 billion to RM20 billion by 2030.

PHB to independently manage AHB funds, aims to quadruple fund size to RM20 bil

The US sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official said on Tuesday.

Iran's capacity to move oil reliant on Malaysian providers, US official says

Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year. But the industry is facing a shortage of manpower as the full mobilisation of Russia’s economy for war exacerbates a longstanding demographic crunch.

Russia’s war economy starves crucial oil industry of manpower

The High Court here on Tuesday ordered Clare Rewcastle-Brown, founder and editor of Sarawak Report, to appear in court for the management of her appeal case to overturn her conviction and two-year prison sentence for defaming the Sultanah of Terengganu, Sultanah Nur Zahirah.

Rewcastle-Brown ordered to attend court proceedings in appeal against defamation conviction

The UK's FTSE 100 cruised to a record high on Tuesday, coming off an extended weekend, boosted by Shell's jump on its plans to sell some Malaysian assets, while BP slipped after it missed earnings forecast.

Shell lifts Britain's FTSE 100 to record high

Global shares traded around one-month highs on Tuesday, boosted by renewed confidence in US interest rate cuts, while a weaker yen and small dip in the Australian dollar kept the dollar steady.

Stocks boosted by US rate relief; dollar elbows yen lower

MAIN Market-listed Kelington Group Bhd — seeing early signs of development amid the recovery of the semiconductor industry and intending to capitalise on potential demand for its ultra-high purity (UHP) gas solution from technology players — has positioned itself in Hong Kong and Germany to meet ...

Kelington positions itself to capture new markets via Hong Kong and Germany

Due to the inherently global nature of the internet, local laws handling cybercrime has its limitations as it becomes increasingly difficult to trace and punish bad actors.

A unified Asean cyber sovereignty needed to deal with borderless cybercrimes

Malaysian stocks hit RM2 trillion in market capitalisation for the first time ever while the benchmark index FBM KLCI surged to a two-year high on its fourth straight day of rally on Tuesday.

Bursa Malaysia's market capitalisation hit RM2 trillion for first time ever, KLCI at two-year high

“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.

Report: 'Black Swan' fund manager Mark Spitznagel expects worst stock market crash since 1929

A US judge on Monday formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1Malaysia Development Bhd (1MDB) after it met its obligations and paid US$2.9 billion (RM13.75 billion) in penalties.

Goldman Sachs criminal case over 1MDB formally ends

Investment analysts have valued Main Market-bound Feytech Holdings Bhd at between 95 sen and RM1.13.

Analysts value Main Market-bound Feytech at between 95 sen and RM1.13

Initial public offerings on Bursa Malaysia have largely delivered share price gains, offering hope to other companies seeking to raise funds while providing confidence to investors to bet on new listings.

Bursa Malaysia's 2023 IPOs largely deliver gains without major exits

Sime Darby Plantation Bhd (SDP) is making a foray into green industrial park, starting with the proposed development of the Kerian Integrated Green Industrial Park (KIGIP) in Perak.

Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds one entity to Investor Alert List

Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.

Market veteran says US will see a recession by year end that could spark 30% drop in stock market — report

Prime Minister Datuk Seri Anwar Ibrahim will meet with Petroliam Nasional Bhd (Petronas) this week to discuss the national oil company's project with Saudi Aramco at the Pengerang Integrated Complex (PIC) in Johor.

Anwar to meet with Petronas to discuss project in Pengerang

The Federal Court on Tuesday ruled that it is not intervening with the High Court’s decision in not allowing businessman Ricky Wong Shee Kai to come back to Malaysia’s jurisdiction should he want to participate in civil court proceedings against him and his mother and Wong SK Holdings Sdn Bhd following an action by the Securities Commission Malaysia.

Federal Court will not intervene in Ricky Wong's High Court decision for him to be physically present in civil proceedings

RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.

S P Setia poised to resume its uptrend, says RHB Retail Research 

Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.

Dayang Enterprise to post strong rebound in 1Q earnings — Phillip Capital

Global shares traded around one-month highs on Tuesday, boosted by renewed confidence in US interest rate cuts, while a weaker yen and small dip in the Australian dollar kept the dollar steady.

Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.

Malaysia remains as key market for low-cost airline Scoot — CEO

CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.

Analysts see CIMB reporting better net interest margins, non-interest income in 1Q

KUALA LUMPUR (May 7): Solar power specialist Pekat Group Bhd said on Tuesday that it has signed a non-binding agreement to acquire a stake in switchgears supplier EPE Switchgear (M) Sdn Bhd to expand its businesses.

Pekat inks agreement to acquire stake in local switchgears supplier

Bursa Malaysia Bhd on Tuesday launched the Bursa Remisier Acquisition Hub (Bursa Reach) platform designed to enhance the connection between dealer representatives and investors.

Bursa Malaysia launches platform for remisiers to showcase portfolio

Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.

HLIB anticipates Samaiden to post stronger 2H2024 earnings 

US stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve (Fed) cutting interest rates this year.

Wall Street closes higher for third session on rate cut optimism

France would welcome China's electric vehicle (EV) giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday.