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Iskandar Investment Berhad welcomes the establishment of the Johor Special Economic Zone

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Iskandar Investment Berhad (IIB) welcomes the establishment of the JSSEZ, a transformative initiative poised to enhance Johor’s position as a leading investment destination in Southeast Asia. The formal agreement signed in Putrajaya signalled a new chapter of economic growth and cross-border collaboration, bringing substantial opportunities for Iskandar Puteri and the wider region.

With a focus on key economic sectors such as education, the green economy, and transformative industries like energy, the JSSEZ is positioned to drive sustainable growth. Notably, the data centre industry is set for significant expansion, driven by major technology firms, aligning with global trends and positioning Johor as a leader in digital infrastructure and innovation. These initiatives reflect the shared vision of Malaysia and Singapore for sustainability and regional integration. Further enhancing connectivity, the Rapid Transit System (RTS) link, set to be operational by 2026 and capable of transporting 20,000 passengers per hour, demonstrates the significance of seamless cross-border collaboration within ASEAN.

The signing of two Memoranda of Understanding (MOUs) on carbon credits and carbon capture and storage, held in conjunction with the JSSEZ agreement, further reinforces this shared dedication to addressing climate challenges. Complementing these regional efforts, IIB’s Net Zero Carbon City initiative aims to foster renewable energy solutions and environmental stewardship in Iskandar Puteri. Together, these initiatives highlight Johor’s role as a hub for innovative and sustainable development.

Facilities like Medini International Convention City (MICC) and Tech Medini exemplify the region’s dedication to fostering a business-friendly environment and supporting economic growth. MICC will provide world-class infrastructure for global business engagements, while Tech Medini will serve as a hub for entrepreneurship and skill development, empowering the region’s youth and workforce. These initiatives reinforce Iskandar Puteri’s position as a competitive destination for investment and innovation.

This development aligns closely with the Johor State Government’s 2025 Budget, which highlights Johor as ‘The Next Engine of Growth for the Country.’ The inclusion of initiatives such as the JSSEZ Committee and the Johor Talent Development Council emphasises the commitment to empowering communities and fostering a skilled workforce. These regional ambitions are further reinforced by Malaysia’s ASEAN Chairmanship, serving as a crucial platform to advance regional collaboration and economic resilience.

EA Technique and Vestigo Petroleum reach amicable understanding

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EA Technique (M) Berhad (“EATech” or “Company”), a Bursa Malaysia Main Market listed prominent marine transportation and offshore storage company, announced an amicable understanding with Vestigo Petroleum Sdn. Bhd. (“VPSB”) on matters related to past contractual arrangements.

The fulfilment of obligation under the mutually agreed arrangement between VPSB and EATech reinforces EATech’s operational continuity and resolves past contractual arrangements. The cash inflow from the fulfilment of obligations provides an immediate boost to the Company’s liquidity, supporting its endeavour to drive the execution of its strategic turnaround plan. This also aligns with the Company’s ongoing efforts to enhance financial stability and foster sustainable growth.

The positive outcome of this resolution reflects the strong professional relationship between EATech and VPSB, reaffirming VPSB’s position as a strategic ally to the Company’s in Malaysia’s maritime and energy sectors.

Commenting on the agreement, Datuk Wira Mubarak Hussain Akhtar Husin, Executive Director of EATech, reiterates: “Vestigo and EATech have both demonstrated shared commitment through this resolution and remain dedicated to fostering strong, collaborative relationships. Most importantly, we aim to support each other in unlocking greater potential within the industry. This pursuit of mutual understanding highlights our focus on establishing a lasting partnership as we continue to enhance our capabilities and explore future opportunities.”

This resolution allows EATech to fully focus on its core business areas, including marine transportation, offshore storage, and port marine services. With sustained financial strength and a clear strategic direction, EATech is poised to capitalise on opportunities across its diverse portfolio while maintaining robust relationships with its partners and stakeholders.

World’s First 27” 4K 240Hz and 27” QHD 500Hz QD-OLED and More

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At CES 2025, MSI unveiled a new series of gaming monitors featuring advanced AI-driven technologies to elevate gaming performance. These monitors include AI Navigator, which integrates the latest AI Menu, simplifying MSI AI settings adjustments in one place to provide optimal performance and a smoother experience. Designed with gamers in mind, MSI’s latest lineup delivers immersive gameplay and exceptional visual clarity, setting a new standard in gaming. Introducing MSI’s brand-new innovative gaming monitors.

MPG 272URX QD-OLED

The world’s first DisplayPort 2.1a (UHBR20) 27″ 4K 240Hz QD-OLED monitor, the MPG 272URX QD-OLED, is equipped with a 5-layer tandem OLED panel featuring the EL Gen 3 technology. This new material composition improves efficiency up to 30%.This monitor offers stunning clarity with 166 PPI, which enhances text sharpness and significantly reduces color fringing, setting a new standard for daily visuals. Recognized for its design and innovation, it has earned the CES 2025 Innovation Award.

With G-SYNC Compatible support, the monitor delivers smoother, tear-free gaming with reduced lag and fully compatibility with future hardware. This monitor is also perfect for all AAA game titles, ensuring an exceptional gaming experience with flawless performance and visuals.

MPG 272QR QD-OLED X50

For all the mainstream gamers out there, MSI is excited to introduce the world’s first 27-inch QHD 500Hz QD-OLED panel. It is equipped with DisplayPort 2.1a (UHBR20) technology, which takes the performance of all mainstream games on the market to new heights. This monitor combines stunning clarity, ultra-fast refresh rates, and 0.03ms GtG response time to deliver an unparalleled immersive and competitive gaming experience. Recognized for its outstanding performance, it has earned the VESA DisplayHDR™ True Black 500 certification. Additionally, we are proud to announce that it has also received the VESA ClearMR 21000 certification, offering exceptional color and brightness performance, along with clear dynamic visuals, providing a more realistic and smooth viewing experience.

MPG 322URX QD-OLED

The MPG 322URX QD-OLED, a 32-inch 4K 240Hz gaming monitor equipped with advanced DisplayPort 2.1a (UHBR20) technology, has officially launched. For all console gamers, this is definitely a must-have. It is designed to support future hardware and deliver an unparalleled gaming experience. Featuring G-SYNC Compatible technology, it ensures smooth, tear-free gameplay with minimal input lag, fully immersing gamers in their favorite titles. Built for peak performance, it boasts 4K resolution, a 240Hz refresh rate, and an ultra-fast 0.03ms GTG response time, offering breathtaking visuals and seamless gameplay for both cinematic RPGs and fast-paced action games.

 Ready For the Future

All of them feature G-SYNC Compatible technology, ensuring a smoother and more immersive gaming experience by eliminating screen tearing and stuttering. This delivers fluid, synchronized visuals that enhance gameplay across various genres. Designed with the future in mind, they are fully compatible with future hardware, providing gamers with cutting-edge display performance that keeps pace with evolving technological advancements. Additionally, three models are designed with future advancements in mind, featuring DisplayPort 2.1a (UHBR20), which enhances the DisplayPort standard by improving connection stability and quality without compromising performance. This standard supports future hardware by increasing single-channel transmission bandwidth from 8.1Gbps (HBR3) to 20Gbps (UHBR20), achieving a total bandwidth of 80Gbps—2.5 times that of DisplayPort 1.4a (HBR3). Thanks to the significantly larger bandwidth of DisplayPort 2.1a (UHBR20), it supports non-DSC 4K at 240Hz for DSR and DLDSR. DisplayPort 2.1a (UHBR20) enables gamers to experience native, lossless 4K visuals at 240Hz, delivering a faster and more responsive gaming experience.

Exquisite Details with Mini LED Technology

The MPG 274URDFW E16M features Mini LED 1152-zone backlight technology, delivering precise control over light and shadow for vibrant contrast and stunning detail. With deeper blacks, higher brightness, and minimized light bloom, this monitor excels in both fast-paced action and cinematic visuals.

The dual-mode allows users to select the resolution and refresh rate based on their game, offering seamless switching between ‘4K UHD (3840 x 2160) @160 Hz’ and ‘1080p FHD (1920 x 1080) @320 Hz’. In 4K 160 Hz Mode, the monitor delivers high resolution, providing an immersive gaming experience with smooth visuals and enhanced responsiveness, making every session thrilling. Conversely, in FHD 320 Hz Mode, the display provides ultra-low latency, making it ideal for fast-paced FPS games played by professional gamers.

Additionally, with MSI AI Dual Mode, the monitor intelligently detects your current resolution and refresh rate, automatically adjusting to the optimal refresh rate when switching resolutions. Furthermore, gamers can choose whether to enable AI Dual Mode in the AI Menu through MSI exclusive Gaming Intelligence software for specific applications, providing a smoother and more tailored experience. The one-click switch button simplifies mode switching, offering a user-friendly way to quickly adapt to different gaming or productivity needs.

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AI Navigator: Elevating Gaming with Smart Optimization

Introduces MSI exclusive AI Navigator, a powerful AI-driven feature designed to revolutionize the gaming experience. By intelligently analyzing and optimizing gaming setups, AI Navigator ensures that every gamer enjoys maximum performance, convenience, and an overall smoother experience. This innovative tool leverages the latest AI technology to create personalized gaming environments that adapt to each player’s unique preferences and needs.

One of the standout features of AI Navigator is the AI Menu, which helps gamers easily adjust game settings for specific applications through MSI exclusive Gaming Intelligence software. Whether playing fast-paced shooters, detailed role-playing games, or strategy titles, the AI Menu allows for pre-customized settings, enabling gamers to fine-tune monitor profile, refresh rates, AI Dual Mode settings, and other key parameters with ease. This ensures an optimized and smooth gaming experience. With its smart, user-friendly interface, AI Navigator provides seamless control, allowing players to instantly apply their personalized settings and dive right into the game without the need for manual adjustments.

By embracing AI to enhance both performance and user convenience, AI Navigator is a game-changing tool that caters to both casual gamers and competitive gamers, offering a more intelligent, customized, and immersive gaming experience.

MSI is set to unveil an exciting lineup of new products and features at CES 2025. But that’s not all—MSI has even more innovations in store.

SUNWAY REIT COMPLETES THE ACQUISITION OF SUNWAY KLUANG MALL IN JOHOR

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AaaSunway REIT Management Sdn. Bhd., the Manager of Sunway Real Estate Investment Trust (“Sunway REIT”), is pleased to announce that Sunway REIT has, on 30 December 2024, successfully completed the acquisition of Sunway Kluang Mall (formerly known as Kluang Mall).

Sunway Kluang Mall is located in the heart of Johor, making it a strategic town connecting to major towns such as Johor Bahru, Muar, and Batu Pahat. It provides excellent connectivity to other parts of Peninsular Malaysia through major highways and railways. With a population of more than 320,000 and a potential of approximately 1 million additional population in central Johor, the Kluang district serves as a preferred retail and lifestyle destination in the region.

Sunway Kluang Mall is presently 99% occupied, with over 130 tenants. The retail mall offers a diverse array of retail offerings, including international and homegrown brands, food and beverage (F&B) outlets, as well as entertainment and lifestyle services. Anchored by Pacific Hypermarket & Department Store, the mall’s extensive offerings such as health and beauty services, cinema and bowling centre enhance the overall retail experience.

Sunway Kluang Mall is expected to be yield-accretive to Sunway REIT’s portfolio with an estimated initial Net Property Income (“NPI”) yield of 7%.

Clement Chen, the Chief Executive Officer of Sunway REIT Management Sdn. Bhd., commented, “We are pleased to end the year with the completion of another acquisition. This fortifies Sunway REIT’s portfolio as one of the leading REIT in Malaysia. We strategically expanded our presence in Johor, which is a high-growth state and magnet for investment.”

He added, “Building on Sunway’s strong brand and proven track record in retail management, we see opportunities to further enhance the mall through tenancy optimisation, proactive management, and asset enhancement initiatives (AEI) that greatly increases the property’s growth potential.”

Smartphone users should be aware of the threats posed by malicious NFC tags

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The festive shopping season is well underway. Whereas once cash was king, now more shoppers than ever use their mobile phone’s electronic wallet as a contactless payment system when buying items, replacing credit cards or electronic ticket smart cards.

Smartphones increasingly rely on Near Field Communication (NFC) technology for convenience and connectivity, but cybersecurity experts warn about a rising threat: NFC tag tampering. This tactic, often overlooked, can expose users to phishing attacks, malware, and data theft with a simple tap of their phone.

“NFC technology is incredibly convenient, but it’s also a vector for malicious activity if users aren’t cautious,” warns Marc Rivero, Lead Security Researcher at Kaspersky. “Innocent-looking tags in public spaces can be reprogrammed or replaced to carry out harmful actions. As the adoption of NFC continues to grow in areas like payments, public transport, and marketing, we anticipate that malicious actors will become increasingly sophisticated in their tactics. In the next few years, NFC-related attacks could potentially target thousands of users globally, particularly in urban areas where NFC usage is widespread. Awareness and proactive measures are key to mitigating these risks.”

How NFC tag tampering works

NFC tags are widely used in marketing campaigns, public transport systems, and smart home setups to enable quick, touch-free interactions. However, this same convenience makes them susceptible to tampering by malicious actors.

One method involves reprogramming legitimate NFC tags. These tags, when left unlocked, can be altered to redirect users to phishing sites, initiate unintended actions on their devices, or even deliver harmful software payloads. Another method is the physical replacement of original NFC tags. For example, attackers might swap out a genuine tag on a public poster or kiosk, in high-traffic areas like transportation hubs, cafes, or retail stores, with one that triggers harmful behaviors.

The dangers of malicious NFC tags

The consequences of interacting with a malicious NFC tag can be severe. Phishing attacks are among the most common outcomes, where users are redirected to fraudulent websites designed to steal personal information or login credentials. It’s possible that vulnerabilities in a smartphone’s NFC reader can be exploited to execute harmful code, compromising the device’s security. Malicious NFC tags can also prompt users to download apps or files containing malware, which may steal data, track activity, or damage the device. The seemingly small act of scanning a tampered NFC tag can thus lead to significant financial and privacy repercussions.

Protect yourself against NFC tag tampering

To stay safe, users are encouraged to adopt these simple but effective measures:

1. Inspect NFC tags. Avoid scanning tags in untrusted or suspicious locations and look for signs of tampering.
2. Verify actions. Always carefully explore the URL or action triggered by a tag before proceeding.
3. Disable automatic actions. Configure your smartphone to require confirmation before executing NFC-related commands. Install a reliable security solution on the device to reduce the risks.
4. Stay updated. Ensure your smartphone’s software is up to date to protect against known vulnerabilities.

Advice for businesses

Organizations using NFC technology should take proactive steps to secure their systems and protect their users:
• Use locked or “read-only” NFC tags to prevent tampering.
• Regularly inspect their tags in public spaces for alterations.
• Educate customers and employees about safe NFC practices.

Southeast Asia’s crypto revolution: Venkate exchange surpasses 1 million users

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In a significant milestone that underscores its dominance in the blockchain and cryptocurrency sectors, Venkate Exchange has proudly announced that its user base has exceeded one million. Venkate serves a rapidly growing community with a daily trading volume surpassing $1 billion.

Security and advanced technology remain at the core of Venkate’s operations, with features including:

  • Advanced Custody Solutions: Leveraging Multi-Party Computation (MPC) wallet technology alongside partnerships with top-tier custodians.
  • Robust Risk Controls: Implementing on-chain monitoring systems and stringent KYC/AML compliance to ensure a secure trading environment.
  • Decentralised Insurance Protocols: Protecting users against contract risks and cyberattacks, thereby enhancing trading confidence.

Venkate Exchange continues to use its extensive global network and deep regional insights to significantly boost the success of Web3 projects:

  • Global Partnerships: Collaboration with over 1,000 key opinion leaders and hundreds of media outlets maximise visibility and impact.
  • Localised Community Building: Customised community initiatives in Southeast Asia boost project recognition and engagement.
    • Proven Results: Partner projects report up to a 300% increase in exposure and a staggering 1,000% growth in user engagement within the region.

Venkate remains dedicated to propelling the digital economy in the region forward with a focus on:

  • Diversity: Offering a broad array of assets for tailored investment strategies.
  • Sustainability: Fostering impactful and ethical investment practices.
  • Transparency and Reliability: Ensuring open communication and consistent, robust asset protection

With achievements ranging from monumental user growth to pioneering the tokenisation of meteorites, Venkate continues to deliver unparalleled value and innovation to its users.

Global Survey Reveals Trust Deficit in Tax Systems, Including in Malaysia

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A groundbreaking global survey, Public Trust in Tax 2024, revealed that while most taxpayers believe in the principle of paying taxes as a contribution to society, trust in how governments utilise tax revenues remains low. Conducted by the Association of Chartered Certified Accountants (ACCA), the International Federation of Accountants (IFAC), and the Organisation for Economic Co-operation and Development (OECD), the survey gathered responses from over 10,000 individuals in 26 countries, including Malaysia.

The survey underscores a significant gap between the theory and practice of tax systems worldwide:

  • Taxes as a Contribution: 52% see taxes as a contribution to the community, while 25% disagree.
  • Public Good: Only 33% of global respondents feel tax revenues are spent for the public good, while 46% disagree.
  •  Fair Return on Taxes Paid: Just 32% believe public services and infrastructure provide a fair return for their taxes, while 50% disagree.

Helen Brand OBE, chief executive of ACCA, said: “Trust in tax systems is crucial for sustainable development and prosperity, and the findings of this survey highlight the challenges that many governments across the world face in building it. We look forward to using this important work to engage with policymakers, tax authorities and civil society to drive evidence-based policy initiatives to build effective and trusted tax systems.”

Commenting on the finding that tax accountants are the most trusted source of information on tax, and politicians the least, Lee White, CEO of IFAC, said: “Consumer and investor protection is the foundation for economic prosperity, which aligns with building trust in the tax ecosystem. As the survey confirms, and in line with previous editions, professional tax accountants are the most trusted source of tax information globally. This trust places an enormous responsibility on our profession to act with integrity, to bridge the gap between governments and taxpayers, and to uphold the highest standards of ethics.”

Manal Corwin, Director of the OECD Centre for Tax Policy and Administration, said: “We are pleased to join with ACCA and IFAC on this key research. The findings in this report highlight that support for the fiscal contract remains strong in theory, but it’s not being delivered in practice for many. We can use these findings to identify how to rebuild trust in both the theory and practice of tax across the globe.”

Malaysia’s results revealed more optimism than many other countries in the survey, though challenges persist:

  • A Positive Contribution: 56% of Malaysians believe taxes are a contribution to the community, above the global average.
  • Spending for Public Good: 43% of Malaysian respondents agree tax revenues are spent for the public good, outperforming the global average but leaving room for improvement.
  • Fair Return: 40% of Malaysians feel they receive a fair return in public services and infrastructure for the taxes they pay, compared to the global average of 32%.
  • Ease of Compliance: Malaysians rank tax processes as relatively efficient, with 60% saying it is easy to file returns and make payments, surpassing the global average of 52%.
  • Trust in Accountants: Malaysian tax accountants are the most trusted globally, with an 80% trust rating, reflecting a high level of confidence in the profession.

Andrew Lim, Portfolio Head of ACCA Maritime SEA, remarked, “Malaysia’s stronger-than-average results highlight the potential for further trust-building measures. Transparency, fairness, and engagement remain vital to strengthening the fiscal contract.”

Despite relatively positive perceptions, concerns about corruption and the equitable distribution of tax burdens persist in Malaysia, mirroring broader regional and global trends. Addressing these issues will be key to fostering greater public trust in tax systems.

The full report, Public Trust in Tax 2024, is available at ACCA’s website: https://www.accaglobal.com/gb/en/professional-insights/global-economics/public-trust-tax-2024.html

Tune Protect Group launches Delay Lounge Pass for AirAsia Travel insurance customers

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Tune Protect Group Berhad (“Tune Protect or “Group”) announced the launch of a new benefit for its AirAsia Travel Insurance customers, the Delay Lounge Pass, a perk that provides access to over 1,500 airport lounges worldwide when flights are delayed by two hours or more.

Available across AirAsia’s extensive global network , the Delay Lounge Pass is available exclusively for customers purchasing or opting in for either one of the AirAsia Travel Insurance plans, which include the Value Pack, Premium Flex, and AirAsia Plus for flights departing from or arriving in Malaysia and Thailand.

The Delay Lounge Pass transforms the experience of flight delays by offering customers access to airport lounges equipped with high-speed Wi-Fi, charging stations and a range of experiential facilities, including spa treatments and discounts at bars and restaurants. This new feature goes beyond the usual travel insurance benefits that AirAsia guests are able to enjoy, further elevating their worry-free travel experience. Aside to gaining monetary compensation due to delayed flights which is part of the AirAsia Travel Insurance coverage, customers are also compensated with the ease and comfort of airport lounges to make the most of their waiting time.

“Travel delays are unsolicited, and we understand the challenges of navigating them when travelling with a big family or managing a busy schedule, especially during peak travel season such as the upcoming year end and school holidays. At Tune Protect, we aspire to enhance every aspect of the travel journey to be as comfortable and stress-free as possible. Whether it is parents seeking a quiet space to manage their children, business travellers needing to catch up on work, or solo travellers wanting a peaceful spot to relax, the access to the airport lounges addresses the needs of every traveller,” said How Kim Lian (“How”), Group Chief Executive Officer of Tune Protect.

In the event that the flight is delayed, but customers do not utilise the voucher that was issued, it will still be valid for one-time use within 30 days from the issuance date at any of the 1,500 airport lounges worldwide. The Delay Lounge Pass voucher is uniquely assigned to the registered travellers and is non-transferable. Customers purchasing any of the AirAsia Travel Insurance plans (Value Pack, Premium Flex, and AirAsia Plus) for their travel companions must ensure that each guest is accurately registered to ensure a seamless experience.

Aside to the Delay Lounge Pass, Tune Protect has also enhanced its travel insurance features in the AirAsia Travel Insurance plans by introducing TravelFlex Lite, which is a flexible cancellation benefit due to unforeseen circumstances . TravelFlex Lite benefit reimburses the cost of the flight tickets up to RM500 if customers are unable to travel. Other key features of the AirAsia Travel Insurance plans are the On-Time-Guarantee which reimburses RM100 for a 2-hour delay; and Baggage Delay which reimburses RM120 for every 6-hour delay, up to RM360.

For more information on the Delay Lounge Pass and the AirAsia Travel Insurance Plans, including terms and conditions, please visit https://delayloungepass.tuneprotect.com/airasia and https://www.tuneprotect.com/airasia/AABundlePackage/.

AC Ventures and Deloitte release 2024 Impact Report

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AC Ventures, a leading Southeast Asian venture capital firm, has officially released its 2024 Impact Report, titled “Accelerating Impact into New Heights.” Developed in collaboration with Deloitte in Indonesia, the report underscores AC Ventures’ commitment to fostering innovation, advancing sustainability, and driving meaningful change across Indonesia and the broader region. Covering the firm’s achievements and progress, the report offers an in-depth exploration of AC Ventures’ contributions across three core pillars: economic growth, social inclusion, and environmental sustainability.

Helen Wong, Managing Partner at AC Ventures, stated, “At AC Ventures, we firmly believe venture capital has the power to transform industries and lives for the better. This report highlights how our portfolio companies are championing innovation while making a tangible impact and fighting climate change. From empowering communities to accelerating sustainability, our mission is to build a future where businesses thrive alongside an inclusive society and a sustainable environment.”

The Impact Report highlights AC Ventures’ ongoing commitment to drive positive outcomes. Over 30,000 direct jobs were created by AC Ventures-backed companies, empowering more than four million individuals and businesses through digital tools and financial inclusion. 40% of these companies are led or co-led by women, advancing gender equity in Southeast Asia. Companies like Supermom are actively bridging opportunity gaps.

Sustainability is a core focus of AC Ventures’ investment strategy. The firm’s climate-tech portfolio companies have been instrumental in accelerating environmental impact. These companies have collectively reduced and avoided more than four million metric tons of CO2 emissions. Accacia, a leader in decarbonizing the real estate sector, helped its clients cut 3.5 million metric tons of CO2, while Xurya’s rooftop solar energy solutions prevented over 1.1 million metric tons of CO2 emissions. Xurya has generated over 1.18 billion kWh of renewable energy through solar projects, helping to significantly reduce dependence on fossil fuels across Indonesia. ASTRO recycled over 166 tons of cardboard packaging in collaboration with local vendors, and Fore Coffee reduced its plastic bag usage by 77%, recycling nearly one ton of cups across its stores.

Deloitte, which played a key role in guiding the development of the report, emphasised its importance as a tool for transparency and progress. Imelda M. Orbito, Director at PT Deloitte Konsultan Indonesia, and also serves as an expert in Sustainability and Climate Change said, “An Impact Report is more than just a set of metrics—it tells the story of an organisation’s journey toward positive transformation.

As AC Ventures looks to the future, the firm remains committed to strong governance and advancing gender diversity within its investment strategy. Looking ahead, AC Ventures is focused on accelerating innovation, championing sustainable growth, and driving measurable impact across Southeast Asia.
Download the full playbook via: https://acv.vc/resources/acv-impact-report-2024/

Bursa Malaysia seeks public feedback on review of depository rules relating to electronic securities account statements

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Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) today issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd (“Depository”). These amendments aim to facilitate Bursa Malaysia’s move towards embracing further digitisation in the issuance of securities account statements to depositors (“CDS statements”), as part of the Exchange’s broader commitment toward environmental sustainability.

The amendments propose making CDS statements available through the MyBURSA portal for greater accessibility and convenience for all depositors. Hard copy CDS statements will still be made available, at a fee, or under exceptional circumstances to specified depositors0F1 who demonstrate a clear need for such arrangement.

Additionally, the proposed amendments require all issuers whose securities remain deposited with the Depository to keep their information up to date, and all parties subject to the Depository Rules to provide accurate and complete information to the Depository. These requirements are crucial to ensure the highest standard of data integrity and transparency.

The proposed amendments above are part of the Exchange’s ongoing commitment to enhance operational efficiencies and sustainable practices, while ensuring that the Depository Rules remain fit for purpose in serving the needs of investors and stakeholders.

Further details on the consultation paper and the proposed amendments are available at https://www.bursamalaysia.com/regulation/public_consultation.

The Exchange welcomes views and feedback from the public on the proposed amendments above. Interested parties are invited to submit their comments to Bursa Malaysia by 14 February 2025.