TNB and Petronas ink Energy Efficiency Deal
Despite Covid, Bursa Malaysia reaps massive gains
BNM vows targeted repayment assistance for MY businesses and homes
BNM assured its commitment of assistance to business and household in debt. The announcement came on the last day of the automatic moratorium. The moratorium ended yesterday, 30th September. These include a targeted extension of the moratorium, as well as repayment flexibilities to help borrowers based on their specific financial situation. This targeted assistance approach ensures that more resources are available to assist those who are vulnerable. It also enables the banking sector to better support the broader economy through continued lending.
FORMER MEGAN MEDIA EXECUTIVE CHAIRMAN SENTENCED TO PRISON
The Court of Appeal today affirmed a 2017 Sessions Court conviction of former Executive Chairman and Director of Megan Media Holdings Berhad (Megan Media), Dato’ Dr. Hj. Mohd Adam bin Che Harun for furnishing false information to Bursa Malaysia in 2007.The panel judges comprising Datuk Seri Kamaludin Md. Said, Datuk Ravinthran Paramguru and Dato’ Indera Sofian bin Tan Sri Abd. Razak unanimously dismissed Dato’ Adam’s appeal and reinstated a jail sentence of 18 months and a fine of RM300,000.
Accelerating climate action through the financial sector – Joint Statement from BNM and SCM
The Joint Committee on Climate Change (JC3) held its third meeting on 14 September 2020. The meeting discussed the progress of initiatives under its four sub-committees (namely, Risk Management; Governance and Disclosure; Product and Innovation; and Engagement and Capacity Building), as well as the focus of priorities for the next 12 months.