Latest News for: Malaysia offshore banking


Zafrul: Anyone can open offshore accounts, subject to due process by Bank Negara

The Star 05 Oct 2021
KUALA LUMPUR. Individuals are allowed to open accounts with any licensed banks including offshore accounts under the purview of Bank Negara Malaysia, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Read full story ... .

Ringgit opens lower against US Dollar

Malaysian National News Agency 12 Feb 2021
Speaking to Bernama, Axi chief global market strategist Stephen Innes said he expects there would be limited foreign flows or trading in Malaysia’s assets among offshore banks due to the Chinese New Year (CNY) holiday beginning Friday.

In new law, U.S. targets secrecy of shell firms

Arkansas Online 11 Jan 2021
But international financial scandals involving soccer's governing body and the 1MDB development bank from Malaysia, as well as the leaking of the so-called Panama Papers that exposed details of offshore entities, eventually softened criticism by revealing the prominent role ...

Chinese State-Owned Bank Stops Digital Bond Sale That Was Drawing Scrutiny

Wall Street Journal 23 Nov 2020
decided not to proceed with a sale of up to $3 billion in short-term debt in Labuan, an ...

One of China’s biggest banks is allowing investors to buy bonds with Bitcoin

Cryptoslate 12 Nov 2020
Chinese bank’s Bitcoin play ... Felix Feng Qi, chief executive of China Construction Bank’s onshore Malaysia business and principal officer of its offshore Labuan branch, said in a statement the bond is “the first publicly listed debt security on a blockchain.” Proceeds from it would be deposited at the branch of the Chinese state-owned lender.

China Construction Bank to Issue Offshore Bonds Tradable in Bitcoin

Coinspeaker 11 Nov 2020
Apparently, the digital offshore bonds will be issued through the bank’s branch in Labuan, Malaysia, at a minimum of as little as $100 each ... This is because the bank’s branch in Labuan, Malaysia is viewed as a safe haven and will be contradicting some countries’ tax laws.
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