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Online Banking: GXBank, Malaysia s First Digital Bank, Officially Opens

Online Banking: GXBank, Malaysia s First Digital Bank, Officially Opens
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Grab and Singtel s GXBank gets approval to operate in MY from Bank Negara Malaysia

GXBank, a subsidiary of GXS Bank and the digital bank joint venture between Grab and Singtel, has received the approval to commence operations from the Minister of Finance and Bank Negara Malaysia (BNM) ahead of the April 2024 deadline set by BNM for the approval of digital brank licenses. GXBank is

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Grab and Singtel s digital bank gets approval from Bank Negara Malaysia to begin operations

GX Bank Berhad is the first of five digital bank licence applicants to obtain approval to commence operations in Malaysia. Read more at straitstimes.com.

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Engagement with US CBP ongoing: Sime Darby Plantation

KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) has continued to engage with the United States Customs and Border Protection (US CBP) over forced labour claims against the plantation company.

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Private Pension Administrator: Private retirement schemes continue steady growth, net asset value exceeds RM5b | Malaysia

Monday, 03 May 2021 09:06 PM MYT Datuk Zaiton Mohd Hassan gives her opening remarks during the launch of the Public Transport Fund in Kuala Lumpur May 2, 2019. Picture by Ahmad Zamzahuri Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 3 The private retirement schemes (PRS) have exceeded RM5 billion in total net asset value (NAV) to-date, with half a million Malaysians saving for their retirement, representing an increase of 43 per cent from RM3.5 billion as at Dec 31, 2019. In a statement today, the Private Pension Administrator Malaysia (PPA) said the NAV growth was made possible by the resilient and strong performance of PRS funds, despite going through volatility last year and witnessing its fair share of market movements over the past nine years.

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