Reliable national and regional news coverage.
A former investment bank chief executive has pleaded not guilty to fraud charges involving RM139.8 million in alleged improper payments to a private university management entity, with proceedings underway in Kuala Lumpur's Sessions Court.
The FBM KLCI retreated on Wednesday as investors trimmed positions in banking and plantation stocks, offsetting overnight rallies on Wall Street. Geopolitical tensions and oil price movements continued to weigh on sentiment.
Ouyang Weimin, who led China Development Bank until 2023, is under investigation for serious disciplinary and legal violations. The probe reflects Beijing's ongoing anti-corruption campaign under President Xi Jinping.
Prime Minister Anwar Ibrahim has committed to expediting loan approvals for Malaysia's micro, small and medium enterprises, with government-backed schemes now processing applications within five to fifteen days to unlock growth.
AYA Bank has acknowledged a data leak affecting an old application portal following claims by hacker group Lapsus. The bank assures customers that core banking infrastructure and financial data remain completely secure.