Malaysia Blockchain Infrastructure (MBI) Ushers a New Era For Malaysia's Blockchain
BUKIT JALIL, April 29 (Bernama) -- In a significant boost to Malaysia's digital economy and in support of the Government Digital Asset initiative, MIMOS Berhad today announced the operationalisation of the Malaysia Blockchain Infrastructure (MBI), a neutral and trusted platform for digital services and innovation across sectors. This milestone marks a pivotal moment in the nation's technological advancement, as MBI emerges as a strategic technological innovation and a core component of Malaysia's National Blockchain Roadmap, aligned with the Malaysian MADANI vision. Developed to be a catalyst for creativity, MBI fosters an environment where developers and innovators can explore and build cutting-edge blockchain applications that drive value and transformation across industries.
The establishment of the MBI stands as a pivotal catalyst for the nation's digital advancement, purposefully developed to foster sustainable digital integration and support the creation of a cohesive, future-ready national digital infrastructure. This initiative is driven by MIMOS in strategic collaboration with its principal partner and key contributor, MyEG, underscoring a shared commitment to accelerating Malaysia's digital transformation and innovation agenda.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Pakistan hopes to advance Asean partnership status: Envoy
A tourist vehicle drives through a deserted road in Pahalgam in Indian controlled Kashmir, Thursday, May 15, 2025. Malaysia has offered to mediate in the wake of the April 22 attack in Pahalgam, Indian-administered Kashmir, which left 26 people dead and sharply raised tensions between the two neighbours. - AP KUALA LUMPUR: Pakistan is hoping to elevate its standing with Asean from a sectoral dialogue partner to a full dialogue partner, said its High Commissioner to Malaysia, Syed Ahsan Raza Shah. Syed Ahsan said Pakistan, Asean's sectoral dialogue partner since 1993, has long valued its engagement with the regional bloc and looks forward to deepening cooperation. "The matter has been discussed between the Prime Minister of Pakistan and the Prime Minister of Malaysia,' he said at a media briefing here, Friday (June 6). He added that Pakistan views Asean as a key platform for promoting regional peace and stability, fostering economic cooperation, and advancing shared development. In October last year, media reports quoted Prime Minister Datuk Seri Anwar Ibrahim as saying that Pakistan has Malaysia's full support in its bid to become a full dialogue partner of Asean. Meanwhile, Pakistan also Anwar's offer to mediate in the Kashmir conflict, citing his respected standing and close ties with both India and Pakistan as key to easing tensions in the region. Syed Ahsan said Anwar's good relations with the leadership of both countries could play a constructive role in easing tensions between the South Asian neighbours. "Anwar expressed his willingness to engage in dialogue between the two countries after being informed of the postponement of the Pakistani Prime Minister's visit on May 9,' he said. Syed Ahsan highlighted that the call between Anwar and Pakistani Prime Minister Shehbaz Sharif had taken place in the first week of May, just days before fighting broke out in Kashmir. On May 5, Malaysia's offer to mediate comes in the wake of the April 22 attack in Pahalgam, Indian-administered Kashmir, which left 26 people dead and sharply raised tensions between the two neighbours. Following the incident, Anwar expressed Malaysia's willingness to assist in de-escalating the situation, citing its good relations with both parties. - Bernama
New Straits Times
3 hours ago
- New Straits Times
Ringgit set to extend gains as US fundamentals weaken
KUALA LUMPUR: The ringgit is poised to extend its gains against the US dollar next week, buoyed by weakening US fundamentals, easing trade tensions, and stronger domestic economic resilience. The local currency has already strengthened against major and Asean currencies, and Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the trend is likely to persist as economic momentum in the US continues to lose steam. "We expect this trend to hold in the near term, driven by signs of a slowing US economy as business and consumer sentiment continue to weaken," he told Business Times. Afzanizam added that heightened uncertainty over US trade policies is further dampening confidence among businesses, prompting a reassessment of the greenback's global standing. "In some ways, the US dollar's dominance in the global economy is being revisited. This shift could favour emerging market currencies, including the ringgit, in the short to medium term," he said. Echoing this view, SPI Asset Management managing partner Stephen Innes said that foreign appetite for Malaysian assets remains strong, further supporting the local currency. "The ringgit is finally catching a break. With the US dollar on the back foot, tariffs de-escalating, and capital inflows into bonds and FX deposits rising, there is a tangible floor forming under ringgit," he said. Innes pointed to growing foreign appetite for Malaysian debt, highlighting the 3.3 times bid-to-cover ratio in May's 20-year government investment issue (GII) auction as a signal of revived confidence. He noted that foreign holdings of local government bonds have risen to 21.5 per cent, reversing a dip recorded in February. Adding to the ringgit's resilience, foreign currency deposits in local banks have climbed to a record 11.6 per cent of total deposits, offering a buffer against external shocks. Innes said that while Malaysia is not immune to global economic fragility, it is also not a sitting duck, with the domestic investment cycle now taking the lead. "If the trade war cools and global risk sentiment remains stable, Malaysia may continue to navigate the delicate balance between global volatility and domestic resilience. The ringgit, for once, has a shot at playing offence," he added. The ringgit opened higher this morning, extending its gains against the US dollar. At 8am, it stood at 4.2140/4.2335 compared with Thursday's close of 4.2245/4.2295. The local currency also traded mostly higher against major currencies, gaining ground against the Japanese yen and British pound, though it slipped slightly against the euro. Among regional peers, the ringgit appreciated across most Asean currencies, including the Singapore dollar, Thai baht, Indonesian rupiah and Philippine peso. It ended Friday's session at 4.2275 against the greenback.
BusinessToday
3 hours ago
- BusinessToday
Local Yields May Trade Lower On US Optimism
Yields on Malaysian government bonds closed mixed this week, with cautious optimism around global trade and soft US economic data helping to anchor the local fixed-income market. According to Kenanga Research, yields on Malaysian Government Securities (MGS) and Government Investment Issues (GII) moved within a narrow range of -4.2 to +0.9 basis points (bps) across the curve. The benchmark 10-year MGS yield eased 1.6 bps to 3.518% The 10-year GII dipped 0.2 bps to 3.532% Global and Domestic Drivers The slight decline in long-term yields closely followed movements in US Treasuries, which reacted to positive signals in US-China trade negotiations. The improved trade outlook, combined with softer US economic data, has reinforced expectations of an earlier rate cut by the US Federal Reserve. On the domestic front, a modest improvement in Malaysia's Purchasing Managers' Index (PMI) and continued export growth to African markets have supported confidence in local bonds, contributing to the relatively stable yield environment. Outlook: Stable Yields with Eyes on US Inflation Kenanga expects local bond yields to remain stable in the near term, with upcoming economic data — including industrial production, retail sales, and labour market statistics — likely to guide investor sentiment. However, the research house cautioned that any upside surprise in US inflation data could prompt global bond yields to rise, potentially spilling over into the Malaysian market. Additionally, renewed uncertainty in US tariff policy could reintroduce volatility. 'Investors should stay alert to both domestic data and global developments, especially updates on tariff talks,' Kenanga stated. Related
