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SHANGHAI, June 29, 2026 -- The industry forum "5G-A Experience Monetization: Terminal-Network-Business Synergy" concluded in Shanghai. Industry leaders from CAICT, GSMA, China Mobile, Huawei, 3GPP, GSMA Intelligence, and ecosystem partners gathered to discuss 5G-A commercialization, technology evolution, and ecosystem collaboration. The forum showcased several milestone achievements, strengthened industry consensus, and laid the groundwork for large-scale 5G-A deployment and the evolution toward the next-generation network.  High-Speed Rail Gets a 5G-A Upgrade GSMA, China Mobile, and Huawei jointly unveiled the 5G-A High-Speed Railway Network Acceleration Service, redefining mobile connectivity services for railway passengers. Scheduled for commercial launch in China in August 2026, the package is built on a "1+3+5" framework: One exclusive identity: A dynamic high-speed rail VIP logo displayed on smartphone screens through the UE Logo solution. Three cutting-edge technologies: 5G-A high bandwidth and high-speed rail private network, AI-native core network, and wireless universal intelligent service processing units. Five key service scenarios: Seamless support for live streaming, video conferencing, online gaming, AI calling, and AI office. New Frameworks for Experience-Centric Operations The forum also saw the release of two industry white papers: UE Logo 2.0 White Paper: Co-published by China Mobile Research Institute and Huawei, this paper focuses on terminal-network-business synergy, intelligent analytics, scenario-based engagement, and precision marketing. It proposes an end-to-end service framework that connects user engagement with closed-loop marketing, creating a new paradigm of network awareness, service accessibility, and experience-centric operations. Agentic Core White Paper: Released by GSMA Intelligence, the paper outlines an AI-native intelligent core network architecture. The framework unlocks four key monetization capabilities: superior user experiences, advanced services, network capability openness, and agent service assurance. It also supports the development of new agent-centric communications services and expands innovation opportunities. Unveiling the "Connection Agent" China Mobile Research Institute, Huawei, and GSMA Intelligence jointly introduced the Connection Agent and a "China Mobile Bixing Agent Platform" Intent Openness Gateway. Built on a scalable modular architecture, the gateway enables seamless interoperability among AI agents while providing dedicated network services for each connected agent, setting a new benchmark for intelligent connectivity. The launch marks a transition from traditional rule-based service delivery to agentic service orchestration, paving the way for next-generation intelligent connectivity. The solution has already been deployed in selected regions across China to support the incubation of innovative services. Driving Cross-Industry Collaboration To further strengthen industry collaboration, the forum officially launched the Terminal-Network-Industry Collaboration Initiative, promoting coordinated development across technology, business, and ecosystem dimensions. Technology: Accelerate terminal ecosystem adaptation and standards certification for broad interoperability. Business: Focus on high-value application scenarios and explore diversified monetization models Ecosystem: Bring together partners across vertical industries to build a collaborative community based on pooled resources, co-developed capabilities, and shared risks and rewards. Looking ahead, industry stakeholders will continue advancing mobile AI collaboration technologies and strengthening the foundation for next-generation digital productivity. Together, they will drive the evolution of communications infrastructure into an intelligent platform for ubiquitous connectivity and cross-domain collaboration, opening new opportunities in the mobile AI era. -- PRNewswire -- Source: Huawei 

5G-A Experience Monetization Forum Debuts Milestone Results to Accelerate Terminal-Network-Business Synergy

SHANGHAI, June 29, 2026 — The industry forum “5G-A Experience Monetization: Terminal-Network-Business Synergy” concluded in Shanghai. Industry leaders from CAICT, GSMA, China Mobile, Huawei, 3GPP, GSMA Intelligence, and ecosystem partners .... read more

PERTH, Australia, June 29 -- Fibocom, a global leader in wireless communication modules and AI solutions, and Digital Matter, global leaders in low-power IoT hardware solutions, recently announced an expanded collaboration. Multiple Digital Matter asset tracking devices have embedded Fibocom's LE271-GL module, bringing reliable cellular connectivity to ANZ and global markets and supporting mobile asset visibility, remote status monitoring, and scalable IoT deployments. In logistics and industrial asset management, the core challenge is to capture trusted data across long-distance, long-cycle, and low-maintenance deployments. Tracking devices need stable connectivity in complex environments to transmit location, status, and exception data to business systems, supporting dispatch, inventory, traceability, and risk management.  Built around its 'Deploy Once' philosophy, Digital Matter focuses on low-power IoT hardware designed for battery life, durability, easy installation, and remote device management. Fibocom's LE271-GL module provides a reliable connectivity foundation for battery-powered tracking devices, with low power consumption, global coverage, and a compact design. Fibocom's local ANZ team also provides responsive service support, backed by global R&D, product, and delivery resources to help customers accelerate integration validation and scalable rollout. Through this collaboration, LE271-GL will be used across several of Digital Matter's portable GPS trackers, cellular asset tags, and package-level tracking devices. Combined with multi-source positioning, condition monitoring, and alert capabilities, these devices help customers improve asset visibility while reducing on-site maintenance and operational losses. "Our collaboration with Digital Matter brings reliable connectivity and deployment expertise closer together," said Ronald Chan, VP of APAC Sales Department at Fibocom. "With low-power module design, global network adaptation, and AIoT capabilities, Fibocom will support Digital Matter in expanding its asset tracking portfolio and serving scalable deployment needs across ANZ and global markets." "Digital Matter focuses on building reliable, rugged, and easy-to-deploy low-power IoT hardware that helps businesses connect and protect critical assets," said Matthew Clark-Massera, Head of Product at Digital Matter. "Fibocom's combined strengths in low-power connectivity, global network coverage, and local ANZ support backed by global technical resources provide greater certainty for our asset tracking portfolio." As AIoT adoption accelerates, Fibocom will continue to combine wireless communication and artificial intelligence to enable industry applications and support the shift from "Connect Everything" to "Intelligent Connectivity." -- PRNewswire -- Source: Fibocom 

Fibocom and Digital Matter Accelerate Asset Tracking Deployments Across Global Markets

PERTH, Australia, June 29 — Fibocom, a global leader in wireless communication modules and AI solutions, and Digital Matter, global leaders in low-power IoT hardware solutions, recently announced an expanded .... read more

KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday as the local currency continued to receive good support from low crude oil prices. At 8am, the local currency was at 4.0855/0950 against the US dollar from 4.0860/0910 at the close last Friday. Bank Muamalat Malaysia Bhd Chief Economist, Mohd Afzanizam Abdul Rashid, said that West Texas Intermediate and Brent crude oil prices were at US$69.87 per barrel and US$72.46 per barrel, respectively, while the United States (US) and Iran were expected to continue their negotiations. “Ships continuing to pass through the Strait of Hormuz shows that the oil shortage could be resolved soon. "In this regard, the US dollar/ringgit is expected to be at RM4.08 to RM4.10 today," he told Bernama. In the opening session, the ringgit traded higher against a basket of major currencies. It rose against the pound to 5.3929/4054 from 5.4013/4079 at last Friday's close, rose against the euro to 4.6526/6634 from 4.6605/6662 and rose against the Japanese yen to 2.5258/5318 from 2.5283/5316 previously. The local currency traded mixed against regional currencies. The ringgit rose against the Singapore dollar to 3.1560/1639 from 3.1581/1625 at last Friday's close, was almost flat against the Indonesian rupiah to 227.9/228.6 from 227.9/228.3 and flat against the Philippine peso to 6.66/6.68 from 6.66/6.67. The local currency rose against the Thai baht to 12.2284/2627 from 12.2445/2643 previously. -- BERNAMA

Ringgit opens higher against US dollar, supported by low oil prices

KUALA LUMPUR: The ringgit opened higher against the US dollar on Monday as the local currency continued to receive good support from low crude oil prices. At 8am, the local .... read more

KUALA LUMPUR, JUNE 27 -- The country's palm oil industry has the potential to generate new economic value by utilising approximately 80 percent of the remaining palm oil biomass which was previously considered waste. Chairman of the Organizing Committee of the Sixth International Palm Oil Biomass Conference 2026, Professor Datuk Ahmad Ibrahim, said that the palm oil industry has so far focused more on oil production which only accounts for about 20 percent of the total palm oil biomass. "The remaining 80 percent is often considered waste that causes problems for the environment, such as dumping empty bunches." "However, recent research shows that this waste has great potential to be converted into high-value products," he said on Bernama Radio's Fokus 30 programme titled "New Opportunities in the Palm Oil Industry Through Biomass and Green Economy" here yesterday. He said palm oil biomass not only involves empty bunches in the factory, but also includes fronds cut in the plantation and palm tree trunks when the replanting process is carried out after a 25-year maturity period. Ahmad said current innovations allow palm trunks to be converted into timber for the construction sector, in addition to the production of paper, biochemicals as a substitute for petrochemicals and graphite material from palm waste for use in electric vehicle batteries. To drive the commercialization of biomass-based products more aggressively, Ahmad suggested that the government strengthen the public procurement agenda by becoming the main buyer of the product, especially in the country's housing sector. Meanwhile, he said the transition from a linear economy (build-use-dispose) to a circular economy through palm biomass was important to address the issue of global raw material depletion as well as support Malaysia's target of achieving net zero emissions by 2050. “Through the circular economy, products are designed to be more durable, recyclable and reduce waste. "This move will not only provide additional returns to the industry but also direct economic spillover to smallholders through the involvement of the global carbon credit market which is currently reaching up to US$70 (RM287) per tonne in Japan," he said. To detail the direction, challenges and efforts to create a more transparent biomass market ecosystem, the Sixth International Palm Oil Biomass Conference 2026 will be held at Cyberview Resort & SPA, Cyberjaya on 14 and 15 July. The conference, themed "Empowering the Circular Economy and Sustainability", is open to the public, small and medium enterprise entrepreneurs, researchers and local and international investors to build a network of strategic collaborations. -- BERNAMA

80 percent of palm biomass has the potential to become a high-value product

KUALA LUMPUR, JUNE 27 — The country’s palm oil industry has the potential to generate new economic value by utilising approximately 80 percent of the remaining palm oil biomass which .... read more

Malaysia – June 26 , 2026 – Travel around Southeast Asia just got a little lighter. Mastercard has launched Phone. Passport. Mastercard., a regional travel campaign that turns the modern traveler's checklist into one simple promise: all you need to unlock more of the region is your phone, your passport and your Mastercard. Rolling out across Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam, the campaign, developed in collaboration with issuing banks and merchant networks, brings together more than 300 offers across dining, shopping, stays, transport and experiences, making spontaneous getaways, long weekends and intra‑ASEAN travel adventures easier to plan, pay for and enjoy. With Phone. Passport. Mastercard., Mastercard is supporting travelers with three essentials that make travel feel more seamless: a trusted payments network, wide acceptance and perks designed for everyday and travel spending. As more travelers choose short-haul trips closer to home, Mastercard helps them unlock smoother, better-value journeys across the region. Travelers can pay with confidence, whether they are tapping for a ride after landing, paying for dinner in a new city, unlocking an offer at a mall or booking a stay. Behind each payment, Mastercard’s secure digital technologies — including tokenization, multi-factor authentication and fraud monitoring — help protect card details, verify transactions and detect suspicious activity, enabling fast, secure and reliable cross-border payments. This helps take the weight off the mechanics of travel so that travelers can immerse themselves in the moments that make each trip worthwhile. Beyond the traveler experience, the campaign also supports the region’s travel ecosystem by helping merchants and travel collaborators engage consumers along high-frequency short-haul corridors. Southeast Asia offers strong connectivity and familiar yet diverse experiences, making it an ideal region for getaways shaped by confidence, convenience and value.. Mastercard is meeting this moment by enabling a seamless payments journey, making it easier for travelers to coordinate their next trip. “Southeast Asia is one of the most rewarding regions in the world to explore today — rich in culture, nature, food and unforgettable experiences, often just a short trip away,” said Dheeraj Raina, Senior Vice President, Head of Integrated Marketing and Communications, Southeast Asia, Mastercard. “We’re helping make travel across the region feel more seamless, accessible and connected, while bringing travelers closer to the local experiences and businesses that make every journey memorable. For a truly rewarding travel experience within Southeast Asia, all you need is your Phone, your Passport and your Mastercard.” The campaign will run from May to December 2026 across pre-travel and in-destination touchpoints. With more than 300 offers across six markets, Mastercard is removing friction from regional travel, making it easier for travelers to plan with confidence, pay securely and explore more of Southeast Asia. About Mastercard Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. -- MINUTESMY  -- Source: OAG (Official Airline Guide) 

Mastercard Launches Phone. Passport. Mastercard. to Put Southeast Asia On Tap for Travelers

Malaysia – June 26 , 2026 – Travel around Southeast Asia just got a little lighter. Mastercard has launched Phone. Passport. Mastercard., a regional travel campaign that turns the modern .... read more

KUALA LUMPUR, 26 June 2026 - Jobstreet by SEEK honoured Malaysia’s leading employers and HR leaders at the SEEK People & Purpose Awards (SPPA) 2026, recognising organisations that are creating meaningful workplace cultures and setting new benchmarks for employee experience, wellbeing and organisational excellence. Held under the theme, “Where Work and Purpose Meet: Recognising Workplaces Malaysians Grow With”, the annual awards celebrate employers that successfully bring together people, growth and purpose to create workplaces where employees feel valued, supported and empowered to succeed. Building on the success of previous years, the SEEK People & Purpose Awards 2026 recognises organisations and leaders that are setting new benchmarks for workplace excellence through people-first practices, purposeful growth and measurable impact. The awards recognise excellence across three pillars: Top-Voted Employers Awards: Recognising organisations that have earned the trust and endorsement of working Malaysians through a nationwide public voting exercise conducted in partnership with Ipsos Malaysia. SEEK People & Purpose Excellence Awards: Celebrating organisations that have demonstrated outstanding employer brand and hiring performance based on market and platform data. Submission Award Categories: Honouring organisations and leaders that are driving meaningful impact through people-focused strategies and workplace practices, including: Best Employee Development Program: Recognising organisations that invest    in employee growth, learning and future-ready skills. Best Sustainable HR Practices: Celebrating employers that balance business success with employee wellbeing and long-term workforce sustainability. Best Diversity, Equity and Inclusion (DEI) Awards: Recognising organisations that foster equitable opportunities and inclusive workplace cultures. Employer of the Year: Honouring organisations that demonstrate excellence across the employee experience, from leadership and culture to people development. The People Leader of the Year: Recognising leaders who have championed transformative people practices and delivered lasting organisational impact.    Together, these awards celebrate organisations that are creating workplaces where people feel valued, supported and empowered to grow. The awards come at a time when employers are facing growing pressure to attract and retain talent amid evolving workforce expectations.  According to Jobstreet by SEEK’s Workplace Happiness Index, purpose is now the strongest driver of workplace happiness among Malaysians, ranking ahead of compensation, flexibility and career progression. The research also found that while 70% of Malaysians report being happy at work, nearly one in three workers remain neutral or unhappy. At the same time, 41% of employees say they feel burnt out or exhausted by their jobs, while only 36% are satisfied with their stress levels. Importantly, employees who feel happy at work are three times more likely to go above and beyond in their roles and are significantly less likely to consider leaving their employer, highlighting the direct connection between employee experience and organisational performance.        demonstrating that great workplaces are built through intentional and sustained investment in people,” said Nicholas Lam, Managing Director of Jobstreet by SEEK Malaysia. “Whether it is developing future-ready talent, fostering inclusive cultures, supporting employee wellbeing or empowering leaders to bring out the best in their teams, these organisations understand that people are at the heart of business success. Their achievements show that creating meaningful employee experiences is not only beneficial for employees, but also strengthens organisational resilience, innovation and long-term growth.” Unlike many other employer awards, the SEEK People & Purpose Awards evaluate organisations through a holistic framework that combines public voting, independent judging and market performance, recognising employers not only for their intentions but also for the measurable impact of their workplace practices. As workforce expectations continue to evolve, the SEEK People & Purpose Awards celebrate employers that are redefining what great workplaces look like — proving that when people, growth and purpose come together, both employees and businesses thrive. For the full list of winners and award criteria, please visit  -- MINUTESMY 

SEEK People & Purpose Awards 2026 Honours Malaysia’s Leading Employers and HR Trailblazers

KUALA LUMPUR, 26 June 2026 – Jobstreet by SEEK honoured Malaysia’s leading employers and HR leaders at the SEEK People & Purpose Awards (SPPA) 2026, recognising organisations that are creating .... read more

PETALING JAYA, June 25 (Bernama) -- LG Electronics Malaysia has expanded its LG Subscribe retail network to 130 branded stores nationwide, strengthening its leadership in the country’s home appliance subscription market, amid growing consumer demand for flexible alternatives to conventional ownership. The latest outlet in Sunway Pyramid here marks the company’s 130th LG Subscribe Brand Store since the subscription programme was introduced with a single kiosk in 2019. LG Electronics Malaysia managing director Justin Choi said the milestone underscored the confidence Malaysians have placed in LG Subscribe and the company’s commitment to making premium home living more flexible and accessible. “When we set out on this journey, we believed that Malaysians deserved a smarter way to experience the best technology in their homes -- not bound by the cost of ownership, but supported by ongoing care and service. This milestone tells us we were right and it drives us to go further,” he said at the launch of the company’s latest LG Subscribe Brand Store here today. According to him, the network now spans 58 locations in Central Malaysia, 29 in the northern region, 23 in the southern region, 15 in Sabah and Sarawak, and five in the East Coast, making it the country’s largest branded home appliance subscription retail network. Each brand store features a dedicated Maintenance Service Zone where customers can learn about after-sales care, filter replacement and routine servicing, while store associates also conduct digital engagement initiatives, including TikTok Live sessions during off-peak hours, to complement customers’ in-store experience. In conjunction with the latest store opening, LG also launched its Filter Drop Campaign, which encourages subscribers to return used water and air filters at any LG Subscribe Brand Store for responsible disposal. Participants will receive complimentary gifts as part of the initiative, which aims to reduce improper waste disposal while promoting sustainable after-sales practices. Choi noted the campaign forms part of LG’s broader sustainability strategy, with its subscription model designed to support consumers throughout an appliance’s lifecycle through energy-efficient technologies, maintenance services and responsible disposal practices. “Following our Future Vision 2030, we are transforming LG into a Smart Life Solution Company that connects and enhances customer experiences not just through products, but through the entire lifecycle of living with them. “From the energy an appliance consumes while running, to what becomes of its components when they are spent, LG’s commitment to sustainability runs the full length of the ownership journey. That is what it means to stay present long after the appliance is installed,” he said. Meanwhile, LG Marketing general manager Sam Hoo said the expansion from a single kiosk to 130 branded stores within seven years demonstrated the increasing acceptance of subscription-based home appliance solutions among Malaysian consumers. Hoo said LG Subscribe currently offers more than 60 stock keeping units (SKUs) across 15 product categories, including water purifiers, air purifiers, residential air conditioners (RAC), refrigerators, washing machines and the LG WashTower. Among the programme’s most popular products are water purifiers and air purifiers, while residential air conditioners have also continued to record strong demand. Hoo said Sunway Pyramid was selected as the location for the 130th brand store because of its strong shopper traffic and customer profile, which closely matches LG Subscribe’s target market. Asked how LG differentiates itself from competitors offering similar subscription services, she said the company combines the country’s largest subscription store network with one of the widest product portfolios in the market and flexible maintenance options tailored to customers’ preferences. According to her, customers can choose between self-service and professional maintenance throughout subscription periods of up to seven years, while benefiting from LG’s energy-efficient inverter-driven technologies that help reduce electricity consumption and lower long-term operating costs. -- BERNAMA

LG Expands ‘Subscribe’ Retail Network To 130 Stores Nationwide

PETALING JAYA, June 26 — LG Electronics Malaysia has expanded its LG Subscribe retail network to 130 branded stores nationwide, strengthening its leadership in the country’s home appliance subscription market, .... read more

KUALA LUMPUR, JUNE 26 -- TNG Digital Sdn Bhd, operator of TNG eWallet, has launched its first Islamic financing offering, ASB Financing, in collaboration with CIMB. According to TNG Digital in a statement today, through a simpler and more integrated financing experience in TNG eWallet, users can now participate in Amanah Saham Bumiputera (ASB) investments through structured monthly commitments rather than relying on large initial savings. Bumiputera users have made up 70 per cent of Amanah Saham Nasional Bhd (ASNB)'s investor base on the TNG eWallet platform and contributed 52 per cent of the total investment value on the platform, reflecting strong demand for easily accessible investment and wealth building solutions in the segment. TNG Digital Head of Financial Services Desmond Teoh said the launch is an important step in expanding the range of financial solutions available through the GOfinance feature. “The good reception of ASNB investments on our platform clearly reflects the growing interest in digitally accessible and connected wealth building solutions among Malaysians,” he said. Since the integration of ASNB in ​​2023, TNG Digital informed that TNG eWallet has continued to record increased use of digital investment services, with 44 percent year-on-year growth among users actively investing through the platform as of May 2026. With financing amounts ranging from RM10,000 to RM200,000 and flexible tenures between five and 40 years, consumers can choose the plan that best suits their goals and financial capacity. -- BERNAMA

TNG Digital launches ASB financing in ewallet in collaboration with CIMB

KUALA LUMPUR, JUNE 26 — TNG Digital Sdn Bhd, operator of TNG eWallet, has launched its first Islamic financing offering, ASB Financing, in collaboration with CIMB. According to TNG Digital .... read more

KUALA LUMPUR, JUNE 26 -- The ringgit opened slightly lower against the United States (US) dollar on Friday following stronger-than-expected US economic data that strengthened the country's currency. However, the reopening of the Strait of Hormuz increased risk appetite among investors, thus limiting the depreciation of the ringgit. At 8am, the local currency fell to 4.1170/1270 against the US dollar from 4.1160/1200 at yesterday's close. The US reported first-quarter gross domestic product (GDP) growth of 2.1 percent, beating consensus expectations of 1.6 percent, while the Personal Consumption Expenditures (PCE) inflation rate for May recorded 4.1 percent, in line with market expectations. Bank Muamalat Malaysia Bhd Chief Economist Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) fell 0.18 per cent to 101.431 points after the PCE data was announced, reflecting that consumer spending growth in the US was still weak. Therefore, the strengthening of the US dollar is expected to be difficult to maintain, especially in the context of lower crude oil prices following the 60-day period agreed for peace agreement negotiations between the US and Iran, he said. At the opening of trading, the ringgit traded lower against major currency groups. The ringgit weakened against the British pound to 5.4295/4427 from 5.4261/4314 at yesterday's close, fell against the euro to 4.6777/6891 from 4.6762/6807 and eased against the Japanese yen to 2.5445/5508 from 2.5437/5464 previously. The local currency, on the other hand, traded almost unchanged against regional currencies. The ringgit was unchanged against the Singapore dollar at 3.1742/1824 from 3.1742/1775 at yesterday's close, flat against the Indonesian rupiah at 229.4/230.1 from 229.4/229.7 and flat against the Philippine peso at 6.71/6.73 from 6.71/6.72 previously. However, the ringgit eased against the Thai baht to 12.3245/3618 from 12.3370/3538 previously. -- BERNAMA

Ringgit opens slightly lower as US GDP growth supports dollar

KUALA LUMPUR, JUNE 26 — The ringgit opened slightly lower against the United States (US) dollar on Friday following stronger-than-expected US economic data that strengthened the country’s currency. However, the .... read more

KUALA LUMPUR, JUNE 25 -- The government, in collaboration with the Securities Commission Malaysia (SC), remains committed to developing a comprehensive Islamic finance ecosystem to attract investors, especially from Russia, to invest in the Islamic finance sector in Malaysia. The Ministry of Finance said the SC has spearheaded several cross-border strategic initiatives, including a planned exploratory visit to the Central Asian region in 2026 or 2027 under the internationalisation agenda of the Islamic capital market (PMI). It aims to assess market readiness, strengthen stakeholder networks and develop an Islamic finance ecosystem that connects Malaysia with the region, including Russia. According to the ministry, Malaysia also has the opportunity to expand the export of sharia expertise following the interest shown by the Head of the Republic of Tatarstan in May 2025 to adopt Malaysia's Islamic finance development model. "This opportunity includes the provision of professional services such as sharia advisory services, consulting, training and capacity building. "The effort was supported through a series of bilateral meetings held by the SC with the Central Bank of Russia and The Saint Petersburg International Mercantile Exchange (SPIMEX) in 2023 and 2025," he said in a written reply on the Dewan Rakyat website, on Wednesday. The ministry was responding to a question from Wan Ahmad Fayhsal Wan Ahmad Kamal (PN-Machang) regarding the government's concrete steps to encourage investors from Russia to invest in the Islamic finance sector in Malaysia in an effort to strengthen Malaysia's position as a global Islamic finance hub and attract foreign capital flows based on sharia principles. In addition, the Ministry of Finance announced that the SC will continue to strengthen Malaysia's competitiveness through strengthening the regulatory framework, product innovation and expanding international cooperation, under the Capital Markets Master Plan 2026–2030 (CMP 2026–2030). He said the government always welcomes legitimate and productive investments from Russia, subject to domestic laws and relevant international standards. "Overall, Malaysia's proactive approach not only aims to attract foreign capital flows, but also acts as a bridge connecting Russian investors with global markets in a sustainable, transparent and inclusive financial ecosystem in line with the principles of Maqasid al-Syariah," he said. -- BERNAMA

Government committed to strengthening Islamic finance ecosystem, attracting Russian investors to Malaysia

KUALA LUMPUR, JUNE 25 — The government, in collaboration with the Securities Commission Malaysia (SC), remains committed to developing a comprehensive Islamic finance ecosystem to attract investors, especially from Russia, .... read more

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