Latest News for: Malaysia offshore banking


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 ...

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.

APIB aims to cooperate with domestic financial institutions to promote Islamic finance industry

Malaysian National News Agency 18 Aug 2020
“Being an offshore Islamic bank with a Chinese background, we are confident of contributing to the bilateral integration of Malaysia’s and the entire Islamic world, with the participation of China’s projects and investors,” he said in a statement today.

India's big plan to bring rupee trading home is an uphill task

Arabian Business 26 Nov 2019
In a report in July, an RBI task force on offshore rupee markets recommended getting trading back to the onshore market by extending trading hours and allowing local banks to offer price quotes to foreigners round the clock ... Local banks allowed to trade offshore, ensuring close integration. Malaysia.

Art Valet: Banker turned baker finds icing on cake

The Houston Leader 07 Aug 2019
After graduation, Ephraim worked his way up from bank teller to bank management ... He left banking for a time to travel the world working on offshore oil rigs. His jobs took him to Malaysia, Singapore and even Amsterdam before returning to banking ... Ephraim didn’t leave banking to relax.
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