Bursa Malaysia fully transitions to electronic CDS account statements, notices from Aug 25
The exchange said in a statement today that the transition aims to enhance investor experience by providing faster and more secure access to CDS account-related information, while also reflecting its broader commitment to environmental sustainability.
Notwithstanding this, Bursa Malaysia will continue to issue hardcopy CDS statements and notices to specified depositors at no cost.
"Depositors aged 70 and above (born in 1955 or earlier) will continue to receive printed statements, and no action is required on their part. Those aged between 65 and 69 may submit a written request to their stockbrokers. This option is also available to depositors with disabilities.
"Depositors residing in areas with limited internet connectivity or those facing difficulties in accessing eStatements, as may be recognised by Bursa Malaysia on a case-by-case basis, may continue to receive printed copies," it said.
It said that those specified depositors who qualify and wish to opt in to receive hardcopy CDS statements and notices may approach their respective stockbrokers with supporting documents.
Bursa Malaysia said other depositors who prefer to continue receiving hardcopy CDS statements and notices may subscribe at any time through their respective stockbrokers.
"A monthly fee of RM10 will apply, which will be channelled towards charitable purposes administered by Yayasan Bursa Malaysia, the exchange's charitable foundation," it said.
It said depositors who have not made the transition to eStatements should do so through any of the related Bursa Malaysia platforms.
"Depositors who currently receive their eStatements via email can also access the eStatements through the MyBURSA portal and the 'Bursa Anywhere' mobile application,' it added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
5 hours ago
- New Straits Times
Govt expenditure on civil servants' salaries expected to reach RM18bil next year
KOTA BARU: The government's expenditure on civil servants' salaries is expected to increase to RM18 billion next year, up from RM10 billion this year, Prime Minister Datuk Seri Anwar Ibrahim said. Speaking at the closing ceremony of the Madani Rakyat programme here today, Anwar said the increase reflected the government's commitment to the welfare and well-being of public sector employees. Anwar, who is also finance minister, said the rise would take into account the increasing cost of living, including expenses related to education and healthcare, while ensuring fairness to civil servants. "Under the 13th Malaysia Plan, the economic ceiling and floor for the people must rise accordingly. "Thus, the Madani government urges private companies to set a minimum wage of RM1,700, while government-linked companies are to set it at RM3,100. "All government companies have been asked to ensure the implementation of the salary increase. They have also been reminded not only to take pride in profits but also to appreciate their employees, especially in the public sector. "The same applies to other groups such as farmers, fishermen, and padi farmers, who also receive various government benefits and incentive increases," he said. Also present was Kelantan Menteri Besar Datuk Mohd Nassuruddin Daud. Anwar said while the government welcomed constructive criticism, he urged critics to also acknowledge the many changes the Madani government has brought about to the country. "We also recognise the importance of the government being close to the people to highlight important issues, such as through today's programme. "The people's income also depends on the country's economy, which can only be driven by a stable government and requires good cooperation between the federal and state governments," he said. It was previously reported that more than 1.6 million civil servants benefited from income increases ranging between 16.8 percent and 42.7 percent, along with changes to pension and retirement frameworks, with financial implications exceeding RM10 billion annually for the government. The salary adjustment is part of public service reforms under the Public Service Remuneration Scheme (SSPA), especially for civil servants in the executive group Grade 26 and below, who have low basic salaries.
Free Malaysia Today
6 hours ago
- Free Malaysia Today
Bursa outperforms regional peers, ends week at intraday high
KUALA LUMPUR : Bursa Malaysia ended the week higher, closing at an intraday high, outperforming regional peers as the formal announcement of the 13th Malaysia Plan (13MP) and renewed developments in US trade tariff policy served as dual tailwinds for market sentiment. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Sedek Jantan said the FTSE Bursa Malaysia KLCI (FBM KLCI) concluded the week on a firmer footing, while regional benchmarks remained subdued amid lingering macroeconomic uncertainty. 'The local index sustained ahead of the midday intermission, but the bullish momentum consolidated post-lunch, underpinned by rising probability-weighted expectations of US monetary policy easing. 'This trajectory was consistent as the confluence of domestic policy catalysts and evolving global trade dynamics supports market sentiment,' he told Bernama. At 5pm, the FBM KLCI rose 7.87 points or 0.51% to close at 1,556.98 from yesterday's close of 1,549.11. The benchmark index had opened 0.11 of-a-point lower at 1,549.00 and hit its lowest level of 1,546.41 during the morning session but gained momentum thereafter. However, the broader market was negative, with decliners beating gainers 541 to 448, while 494 counters were unchanged, 1,030 untraded and nine suspended. Turnover increased to 2.43 billion units worth RM2.22 billion from 2.21 billion units worth RM2.35 billion yesterday. Among the heavyweights, Maybank lost two sen to RM9.61, while Public Bank and Tenaga Nasional gained four sen each to RM4.33 and RM13.80, CIMB rose eight sen to RM6.86, and IHH was one sen higher at RM6.96. Of the most active counters, Ekovest fell one sen to 39.5 sen, Tanco eased 0.5 sen to 76.5 sen, Top Glove dipped two sen to 59.5 sen, and TWL was flat at 2.5 sen, while Pharmaniaga inched up 0.5 sen to 18 sen. Across the broader market, the FBM Emas Index increased 35.25 points to 11,601.79, the FBMT 100 Index rose 39.25 points to 11,379.91, and the FBM Emas Shariah Index advanced 28.02 points to 11,634.18. The FBM ACE Index shaved 24 points to 4,606.88 while the FBM 70 Index dipped 23.44 points to 16,505.53. By sector, the financial services index soared 83.36 points to 17,580.82, the energy index inched up 2.04 points to 736.72, and the plantation index climbed 77.38 points to 7,426.12, while the industrial products and services index eased 0.26 of-a-point to 157.76. The Main Market volume rose to 1.46 billion units valued at RM2.04 billion from 1.33 billion units valued at RM2.15 billion yesterday. Warrants turnover climbed to 715.6 million units worth RM89.04 million from 620.69 million units worth RM97.15 million previously. The ACE Market volume dropped to 250.96 million units worth RM92.31 million from 258.67 million units worth RM99.5 million yesterday. Consumer products and services counters accounted for 272.11 million shares traded on the Main Market; industrial products and services (205.39 million), construction (135.62 million), technology (183 million), SPAC (nil), financial services (87.43 million), property (207.12 million), plantation (15.62 million), REITs (20.36 million), closed-end fund (2,800), energy (72.28 million), healthcare (139.91 million), telecommunications and media (32.58 million), transportation and logistics (37.11 million), utilities (51.7 million), and business trusts (2,300).
Malay Mail
13 hours ago
- Malay Mail
Bursa Malaysia eyes 1,560 breakout next week as GDP data, tariff news loom
KUALA LUMPUR, Aug 9 — Bursa Malaysia is likely to retain its constructive bias into next week, with potential upside breakout above the 1,560 level, said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research, Mohd Sedek Jantan, said the near-term momentum would remain path-dependent on investor sentiment and the regional risk premium. He noted that Malaysia's final second quarter of 2025 (2Q 2025) gross domestic product (GDP) reading, due on Friday (Aug 15), should confirm the economy's resilience, with forecast unchanged at 4.5 per cent year-on-year. 'On the same day, China will publish its latest retail sales figures, as we believe the marginal policy impact is now diminishing, with our projection pointing to a moderation to 4.6 per cent year-on-year. 'These drivers could recalibrate regional equity risk appetite and influence commodity-linked trade flows into Asean markets,' he told Bernama. Mohd Sedek also said investors remained focused on United States (US) semiconductor tariff announcement, as tariff-sensitive sectors could experience episodic volatility, 'The prevailing global macro narrative is anchored on imminent US Federal Reserve (Fed) rate cuts as it may exert a stronger influence on cross-asset flows, potentially superseding trade-related caution. 'We view positive domestic macro prints and robust US corporate earnings should provide further underpinning for the index,' he said. Meanwhile, Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said investors are keeping a close watch on US-China trade relations. He said reports signalled that talks might restart amid escalating tariff impacts and geopolitical uncertainty, both of which are influencing global market trends. On a weekly basis, the benchmark index rose 23.63 points to 1,556.98 on Friday from 1,533.35 a week earlier. The FBM Emas Index increased 76.46 points to 11,601.79, the FBMT 100 Index gained 94.28 points to 11,379.91, and the FBM Emas Shariah Index climbed 93.42 points to 11,634.18. The FBM 70 Index declined 208.34 points to 16,505.53, while the FBM ACE Index dropped 17.49 points to 4,606.88. By sector, the Financial Services Index soared 100.62 points to 17,580.82, the Plantation Index added 55.15 points to 7,426.12, while the Energy Index slipped 12.88 points to 736.72. Weekly turnover swelled to 12.65 billion units worth RM11.65 billion from 15.94 billion units worth RM11.88 billion in the previous week. The Main Market volume shrank to 7.66 billion units valued at RM10.61 billion compared with 8.33 billion units valued at RM10.46 billion previously. Warrants turnover declined to 3.62 billion units worth RM508.07 million from 5.50 billion units worth RM859.03 million in the preceding week. The ACE Market volume decreased to 1.37 billion units valued at RM529.84 million versus 2.10 billion units valued at RM561.51 million a week ago. — Bernama
