June 12, 2021

SC warns on rising clone firms using PLCs names

The Securities Commission Malaysia (SC) cautioned the public on the sharp increase of clone firm scams this year on 5 November. The scams are perpetuated by companies that fraudulently impersonate a legitimate entity, including misusing the name and logo of a public listed company (PLC) to dupe investors and to solicit funds. These clone firms offer non-existent …

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5 Ways to Pivot Your Business during a Pandemic

With the ongoing pandemic and the resulting economic crisis, small businesses are facing challenges just to stay afloat. As business owners continue to do everything possible to garner revenue and keep the business running, it is more important than ever to assess and optimize your business. Here are five ways to pivot your business and …

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What’s in the 2021 National Budget?

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has tabled the 2021 national budget at the Dewan Rakyat on November 6, which included many measures and initiatives targeted at assisting individuals in the current challenging conditions brought about by the COVID-19 pandemic. Many of these measures are targeted at easing cash flow issues and addressing concerns …

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Budget 2021: Relief for SMES grappling with survival & recovery

In Malaysia, the 2021 budget was announced in the midst of a global contagion and political uncertainty. Finance Minister, Tengku Zafrul states that the Government has made protecting the Rakyat’s lives its utmost priority. The allocation of RM9.4 billion announced in Budget 2021 will develop the national digital strategy across industry sectors. It is capable of closing …

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SC introduces new framework to facilitate offering of Islamic Funds with Waqf features

The Securities Commission Malaysia (SC) launched a new framework on 12 November to facilitate the offering of Islamic funds with waqf features to enable the growth of the Islamic social finance segment. The development of waqf was identified as one area of significant potential for social development, greater public good and wealth distribution, in the SC’s Islamic …

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