Author: Navina Vivekanandan

The Perbadanan Insurans Deposit Malaysia (PIDM) has announced that two new digital banks, KAF Digital Bank and YTL Digital Bank (Ryt Bank), have joined its list of member banks. This means deposits with these banks are now protected under PIDM’s Deposit Insurance System (DIS), with coverage of up to RM250,000 per depositor per member bank. The other three digital banks—GX Bank Berhad, Boost Bank Berhad, and AEON Bank (M) Berhad—are already members of PIDM, having joined between September 2023 and January 2024. PIDM’s membership includes all commercial and Islamic banks licensed under the Financial Services Act 2013 and the Islamic…

The Securities Commission Malaysia (SC) has published the first edition of the ‘Practical Guide on Venture Capital and Private Equity in Malaysia’. This guide aims to equip prospective venture capital (VC) and private equity (PE) fund managers, service providers, and investors with in-depth practical knowledge to navigate Malaysia’s policy landscape for VC and PE operations. In his opening remarks at the launch, SC Chairman Dato’ Seri Dr. Awang Adek Hussin emphasised the importance of corporate innovation for companies to remain competitive and relevant. He announced the launch of the guide, which will help readers understand the operation of VC and…