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Axiata, RHB seek Malaysia banking clearance - Mobile World Live

Axiata, RHB seek Malaysia banking clearance - Mobile World Live 02 JUN 2021 Axiata Group and RHB Banking Group teamed to apply for a digital banking licence in Malaysia, seeking to increase competitiveness, and accelerate the country’s digital transformation and financial inclusion goals. The operator’s Boost Holdings e-wallet subsidiary and RHB will form a consortium under a framework issued by Bank Negara Malaysia, with a 60:40 ownership split. Axiata and RHB stated they aim to expand Bo...
Izzaddin Idris Khairussaleh Ramli Sheyantha Abeykoon Banking Group Axiata Group Bank Negara Malaysia

US highlights cost of ICT import restrictions - Mobile World Live

US highlights cost of ICT import restrictions - Mobile World Live 19 FEB 2021 The US Department of Commerce (DoC) warned a new trade policy set to limit purchases of network technology and software from certain countries could impact as many as 4.5 million businesses and cost them up to $20.2 billion each year. In a report, the DoC stated the rule would “likely increase production costs” for affected companies as they “substitute higher-priced alternatives for restricted imports”. It a...
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