Latest news with #AdnanZaylani
New Straits Times
06-05-2025
- Business
- New Straits Times
Malaysia's financial markets remain resilient amid global volatility: FMC
KUALA LUMPUR: Malaysia's financial markets have remained stable and orderly despite persistent global volatility, the Financial Markets Committee (FMC) said in its latest assessment. This assurance comes as global investors react to the United States' sweeping tariff announcement on April 2, 2025, which has shaken market sentiment and renewed fears over the direction of global trade policy. FMC chairman and Bank Negara Malaysia deputy governor Adnan Zaylani said the strength of Malaysia's markets has allowed regulators to maintain their focus on long-term development. "The Malaysian financial markets have remained orderly despite the volatile external environment. This allows us to focus our efforts on market development initiatives that will further enhance investors' experience in our markets. "Nonetheless, we remain vigilant amid the rapidly evolving global situation," said FMC chairman and Bank Negara Malaysia deputy governor Adnan Zaylani. The US tariff move has triggered jitters among global investors, leading to cautious investment sentiments and renewed concerns over global trade policy directions. Despite initial shocks, Malaysia's financial indicators have shown encouraging signs. "The ringgit has appreciated by 2.3 per cent year-to-date against the US dollar, largely driven by broad-based dollar weakness across global markets," FMC said in a statement. Meanwhile, the domestic equity market, represented by the FBM KLCI, initially saw a sharp 8.2 per cent drop in reaction to the tariff news but recovered significantly following a temporary pause in its implementation. As of April 25, the index stood just 1.1 per cent below its level at the start of April. The foreign exchange market remains robust, with average daily turnover at US$18.8 billion so far this year—marking a 6.8 per cent year-on-year increase, according to the committee. This sustained activity continues to support corporate forex needs. In terms of fixed-income performance, the domestic bond market has shown strong investor demand. The average bid-to-cover ratio for government bond auctions has improved to 3.01 in 2025, up from 2.56 in 2024. Secondary market liquidity has also surged, with average daily trading volume rising to RM7.3 billion this year compared to RM4.6 billion in 2024, reaching a peak of RM15.5 billion. The FMC also noted increasing interest in the use of local currencies for cross-border trade and investment settlements, reflecting growing regionalisation of financial activities. Looking ahead, the FMC expressed support for Bank Negara's ongoing efforts to strengthen the Malaysian Government Investment Issue (MGII) market. It said these will include a review of the dynamic hedging framework to facilitate hedging by index trackers as well as supporting market-making by domestic financial institutions through improved repo availability.
Zawya
14-02-2025
- Business
- Zawya
Money20/20 Asia Launches Agenda With Over 200 Of Asia's Most Influential Fintech Leaders And Regulators, Shaping The Future Of Digital Finance
BANGKOK, THAILAND - Media OutReach Newswire - 14 February 2025 - Money20/20, the world's leading fintech show and the place where money does business, unveils its agenda for the upcoming Asia show held in Bangkok on April 22-24 at the Queen Sirikit National Convention Center (QSNCC). The show will explore five key pillars: collaboration, security, frictionless user experiences, sustainability, and the frontiers of emerging technologies. The pillars dive into specific areas where collaborative efforts are crucial in shaping the future of fintech and leveraging emerging technologies for a transformed tomorrow. Money20/20 Asia brings together a diverse lineup from global and regional banks like JP Morgan, HSBC, Standard Chartered, Maybank, Kasikorn Bank, National Australia Bank, Ambank Group and many others. Experts from key players in the global and regional payments space such as Mastercard, VISA, TransferMate, Block, Worldpay, SeaMoney, and Terrapay, will share their insights, expertise and the latest industry trends throughout the show. This year's show is also enriched by a core focus on Asia's cross-border payment trends. Companies such as AirWallex, GCash, Goto, Wise, Nium, and LianLian Global are just a few of the leaders in the industry sharing their insights and potential of this fast growing area of fintech in the region. This year's show places a core focus on Asia's regulators underscoring Asia's commitment to fostering collaboration between the public and private sectors. Key figures include Mrs. Roong Mallikamas, Deputy Governor of the Bank of Thailand; Mr. Adnan Zaylani, Deputy Governor of Bank Negara Malaysia; Ms. Chuchi Fonacier, Deputy Governor of Bangko Sentral ng Pilipinas; Mr. George Chou, Chief Fintech Officer, Hong Kong Monetary Authority; and Ms. Jomkwan Kongsakul, Deputy Secretary General, Securities and Exchange Commission, Thailand, among others. "Bangkok will be the epicentre of fintech innovation this April as Money20/20 Asia convenes regulators and industry leaders to explore the future of banking and cross-border payments. Our most ambitious agenda to date emphasises purposeful innovation and provides a unique platform for collaboration. We're excited to facilitate the conversations that will define the next chapter of fintech in one of the world's fastest-growing regions." - Ian Fong, VP of Content, Money20/20 Asia. Some esteemed speakers that will share the show's four incredible stages, the Exchange Stage, the Unfiltered Stage, the Money Pot, and the Stage (hosted by Money20/20's own AI co-host Aiana) include - Pitcha Siriyaphan, Head of Payments, Thailand at J.P. Morgan Payments. Maria Peralta, Director, SMB Acceptance Solutions at Visa, Hans Patuwo, Chief Operating Officer at GoTo Group, Ritesh Shukla, CEO at NPCI International, Daniel Yun, Founder, CEO at KakaoBank Corp and Chee Mun Foong, CEO and Chief Product Officer at YTL AI Labs and YTL-Sea Digital Bank Project. "The path to profitability for digital banks is challenging, yet entirely achievable with the right strategy. At Kakaobank, we are committed to building a customer-centric, innovation-driven banking platform where we offer loan products, not only Kakaobank's, but from over 50 partner companies redefining our customers' everyday financial experiences. Our efforts have led us to serve over 80% of South Korea's working population. Money20/20 Asia is the premier fintech event in APAC, bringing together the most influential voices in fintech, payments, and banking to shape the industry's future. It provides the perfect stage for Kakaobank to showcase our success, share our vision of going beyond banking with AI technology, and explore the evolving digital banking landscape alongside industry leaders driving financial innovation across Asia." - Daniel Yun, Founder and CEO of KakaoBank Corp. The Money20/20 Asia agenda, that is being updated daily leading up to the show can be found here. The list of speakers can be found here and media attending the show can register for a complimentary press pass here. Hashtag: #money20/20 The issuer is solely responsible for the content of this announcement. Money 20/20
