Philippines conglomerate JG Summit Holdings Inc and its partner, South Africa's Tyme, have been granted a licence to operate a digital bank in the Southeast Asian nation, the companies said on Monday.
The Malaysian ringgit fell to a one-year low on Monday and stocks in Kuala Lumpur slipped as an expectation that the Prime Minister will resign turned investors cautious.
Malaysian Prime Minister Muhyiddin Yassin offered his resigation on Monday but will remain as a caretaker premier, the palace said in a statement, after months of political turmoil caused by infighting in his ruling coalition.