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Malaysia switches on real-time payments platform

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14-Jan-19 Malaysian consumers can now conduct instant P2P payments using just the recipient's mobile phone, passport or identity card number, with the go-live of the country's Real Time Payments platform Payments Network Malaysia (PayNet), powered by ACI Worldwide. [image: Finextra]

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Malaysia announces free national health insurance for the low income

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28-Dec-18 The Malaysian government announced a free national health insurance scheme for the bottom 40% of the population, called B40 National Protection Scheme. From 1-Jan-19, it will provide coverage against 36 critical illnesses with payouts of up to MYR8,000 (USD1,944). [image: Lua Jiamin / Mediacorp]

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Southeast Asia’s rising wealth

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18-Dec-18 Southeast Asia is coming into its own as a key market for anything from cars to computers. But tens of millions still have no bank account. Demand for savings plans, insurance and banking still has lots of room to grow. [image: HSBC]

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Police bust USD145 mn medical tourism scam in China

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06-Dec-18 Police in China have arrested 132 people over a medical tourism scam targeting wealthy Chinese that netted nearly USD145 mn. Research firm Global Growth Markets estimates 500,000 Chinese travel abroad for medical tourism every year, spending at least USD10 bn. [image: Chinanews.cn]

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BASF buoyant on Thailand prospects

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26-Nov-18 Thailand will remain a hub for ASEAN, especially Cambodia, Laos, Myanmar and Vietnam, said Ramkumar Dhruva, BASF President Asia-Pacific. "Automotive production in ASEAN is growing steadily, and 50 percent... is from Thailand... followed by Indonesia and Malaysia". [image: The Nation]

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