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Tag: banking

91 Pct Of Social Media Contents Removed By MCMC Linked To Online Scams And Gambling – Fahmi

KUALA LUMPUR, May 24 -- A total of 91 per cent of 271,472 pieces of contents ordered to be taken down by the Malaysian Communications and Multimedia Commission (MCMC) issued to social media platform providers were identified as being related to online scams and gambling. According to Communications Minister Datuk Fahmi Fadzil, the total contents were recorded since January 1 2026 until yesterday. He said 81 percent of online gambling content was detected on Facebook, while 58 percent of online scam content was also on the same platform. “I was informed by the Assistant Governor of Bank Negara Malaysia that last year, banks in Malaysia successfully blocked about RM1.2 billion that scammers tried to steal through the banking institutions’ own security mechanisms,” he said at a press conference after the closing ceremony of the Inter-Agency Retreat on Combatting Online Scam 2026 here today. He said the situation was very worrying considering that scam syndicates were reported to have defrauded Malaysians involving losses of RM2.7 billion last year. Also present were the Ministry of Communications secretary-general Datuk Abdul Halim Hamzah, Malaysian Communications and Multimedia Commission (MCMC) managing director Abdul Karim Fakir Ali, advisor (Southeast Asia) of the Global Anti-Scam Alliance (GASA) Rajeshpal Singh Sandhu and Deputy Inspector-General of Police Tan Sri Ayob Khan Mydin Pitchay. Fahmi said the outcome of the meeting also proposed the establishment of a special committee involving enforcement agencies, regulatory bodies, telecommunications companies and banking institutions to strengthen cooperation in combating scam crimes in an integrated and continuous manner. He said the committee was expected to be formed within two to three weeks after the relevant note was brought to the Cabinet. According to Fahmi, the move was important to enable new techniques used by scammers, including the misuse of artificial intelligence (AI), to be identified more quickly, as well as to ensure that enforcement actions could be implemented in a coordinated manner. At the event, Fahmi also witnessed the exchange of a memorandum of understanding (MoU) between MCMC and GASA. The MoU is a step towards expanding international cooperation in the fight against online fraud, focusing on knowledge sharing and best practices, capacity building, advocacy and public awareness raising regarding the threat of digital scams. This collaboration reflects MCMC's continued commitment to strengthening the country's ability to address the threat of online fraud as well as supporting the government's efforts to build a safer, more trusted and more resilient digital ecosystem. -- BERNAMA

KUALA LUMPUR, May 24 — A total of 91 per cent of 271,472 pieces of contents ordered to be taken down by the Malaysian Communications and Multimedia Commission (MCMC) issued to social media platform providers were identified as being related to online scams and gambling. According to Communications Minister Datuk Fahmi Fadzil, the total contents […]

Bloomberg Businessweek Vietnam and Beacon Asia Media to Host “The Year Ahead 2026 – Velocity: Resilience and Expectations”

HO CHI MINH CITY, Vietnam, 6 APRIL -- Bloomberg Businessweek Vietnam and Beacon Asia Media officially announce the details of The Year Ahead 2026 – Velocity: Resilience and Expectations. The premier summit will take place on April 10, 2026, from 8:30 AM to 1:00 PM at Thiskyhall Convention Center, Sala Urban Area, Ho Chi Minh City. The event will convene over 450 business leaders, investors, and policy advisors to analyze Vietnam's 2026 economic trajectory and discuss strategies to convert internal resilience into long-term growth momentum in a new era. Under the theme "Resilience and Expectations," the program provides a comprehensive global perspective on critical geopolitical shifts, including Middle East tensions and U.S. tariff policies, which are reshaping global supply chains, trade flows, and investment. In this landscape, Vietnam's new leadership and a wave of robust policy reforms - focusing on technology, green energy, and domestic capacity building - are pushing the economy beyond its comfort zone toward the ambitious goal of becoming a high-income nation by 2045. International speakers, policymakers, trade association representatives, and captains of industry will share diverse insights and provocative discussions centered on a pivotal question: Can Vietnam successfully transform its proven resilience into sustainable growth drivers for 2026 and the 2026–2030 period? To address this, the summit focuses on two pillars: Economic Resilience amid short-to-medium-term challenges and Catalyzing New Growth Drivers. Business and economic resilience face tangible headwinds in 2026. Vietnamese enterprises continue to navigate geopolitical volatility, fragmented supply chains, tightening monetary and fiscal policies in major economies, and disruptive technological shifts. These factors demand superior risk management and strategic diversification of markets, supply chains, products, and capital flows to maintain competitiveness. Conversely, Vietnam's growth engine is being reinforced by institutional reforms, infrastructure investment, green energy development, and AI-driven transformation. The Year Ahead 2026 focuses on how Vietnamese firms can accelerate velocity, boost productivity, and restructure growth models to seize opportunities rather than merely defending against risks. The speaker lineup for The Year Ahead 2026 features high-profile figures from both domestic and international arenas, spanning geoeconomics, diplomacy, banking and finance, supporting industries, and sector leaders. This diverse assembly ensures attendees gain a multi-dimensional perspective: from the overarching global economic and geopolitical landscape to the highly granular operational and strategic decisions shaping Vietnamese enterprises today. /PRNewswire/

HO CHI MINH CITY, Vietnam, 6 APRIL — Bloomberg Businessweek Vietnam and Beacon Asia Media officially announce the details of The Year Ahead 2026 – Velocity: Resilience and Expectations. The premier summit will take place on April 10, 2026, from 8:30 AM to 1:00 PM at Thiskyhall Convention Center, Sala Urban Area, Ho Chi Minh […]

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