KUALA LUMPUR (July 5): Bursa Malaysia opened marginally higher as market sentiment may be improving as five states in the country are moving into Phase 2 of the National Recovery Plan (NRP).
At 9.05am, the benchmark FBM KLCI had risen 0.24 of a point to 1,533.59 from last Friday’s close at 1,533.35.
The market bellwether opened 0.69 of a point higher at 1,534.04.
On the broader market, gainers led losers 192 to 169, while 299 counters were unchanged, 1,513 untraded and nine others suspended.
Turnover stood at 286.43 million units valued at RM124.17 billion.
On Saturday, the National Security Council announced that Kelantan, Pahang, Perak, Terengganu and Perlis had fulfilled the three indicators of the NRP and will move into Phase 2 today.
Malaysia digital banking lures dozens of firms as fintechs expand in Asia asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
Anshuman Daga
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A general view of the Central Bank of Malaysia (Bank Negara Malaysia) in Kuala Lumpur, Malaysia, July 31, 2019. REUTERS/Lim Huey Teng
SINGAPORE, July 1 (Reuters) - Southeast Asian ride-hailing-to-fintech group Grab and budget airline AirAsia (AIRA.KL) were among more than a dozen bidders involving over 50 companies that are vying for digital banking licences in Malaysia, people familiar with the matter said.
Others who submitted bids by Wednesday s deadline included telecoms operator Axiata (AXIA.KL) and a consortium backed by Chinese tech firm Tencent (0700.HK), said the sources.
They have been drawn in by relatively low financial entry barriers and the promise of a growing army of young smartphone users in a country with a population of more than 32 million.
Wednesday, 30 Jun 2021 09:07 AM MYT
Bank Negara has said it would issue up to five licences by early 2022 and the deadline for the applications is the end of this month. Picture by Ahmad Zamzahuri
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SINGAPORE, June 30 Malaysian conglomerate Sunway Bhd has teamed up with Tencent-backed Chinese fintech firm Linklogis Inc and Bangkok Bank PCL to apply for a Malaysian digital bank licence, two sources with knowledge of the matter said.
Sunway will hold a majority stake in the venture, said the sources, who requested anonymity as names of the consortium members haven’t been reported.
Tencent-backed Linklogis, Sunway to jointly seek Malaysia digital bank licence-sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.