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In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet). With the result of the merger, PayNet is now the holding company for the PayNet Group which comprises two main subsidiaries, namely Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency ...
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]
On 15 November 2017, Touch 'n Go was granted permission by the Central Bank of Malaysia to partner with Ant Financial, a Chinese-based financial company that operates Alipay, [5] to form a joint venture to allow the technology and platform used in the Alipay app to be adopted in the Touch 'n Go e-wallet service. [13]
Malaysia Competition Commission (MyCC), or Suruhanjaya Persaingan Malaysia. (Official site) Intellectual Property Corporation of Malaysia (MyIPO), Perbadanan Harta Intelek Malaysia. (Official site) Perbadanan Nasional Berhad (PNS). (Official site) Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat). (Official site)
The Minister of Finance is the minister in charge of government revenue and expenditure. The Minister oversees economic policy: fiscal policy is within the Minister's direct responsibility, while monetary policy is implemented by the politically independent Central Bank of Malaysia, the head of which is appointed by the Yang di-Pertuan Agong.
The SSM was formed in 2002 under the Companies Commission of Malaysia Act 2001, assuming the functions of the Registrar of Companies and Registry of Business. [1] The main purpose of SSM is to serve as an agency to incorporate companies and register businesses as well as to provide company and business information to the public.
The MASB had announced the effort to bring Malaysia to be in full convergence with the International Financial Reporting Standards (IFRS) by 2012. [6] In February 2014, the MASB issued Malaysian Private Entities Reporting Standard (MPERS) and this sets a new milestone for financial reporting of private entities in Malaysia.
Bursa Malaysia Berhad** Central Bank of Malaysia* (BNM) Employees’ Provident Fund* (KWSP/EPF) Inland Revenue Board* (LHDN) Labuan Financial Services Authority* (Labuan FSA) Langkawi Development Authority* (LADA) Malaysian Deposit Insurance Corporation (PIDM) Malaysian Totalisator Board*