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Digital signatures offer higher security for transactions; guarantee document integrity

MCMC new

KUALA LUMPUR: The use of digital signatures, especially for important documents that have financial and legal risks, can increase the security of online transactions to ensure the validity and integrity of each document is guaranteed. Malaysian Communications and Multimedia Commission (MCMC) head of Digital Transformation and Adoption Mohd Fairus Muhamad said this is because after […]

Time to transform capital and financial market: Expert

KUCHING: The country requires a capital and financial market that is competitive, with low transaction costs and minimal bureaucracy. Senior lecturer at Universiti Malaysia Sarawak’s Faculty of Economics and Business, Dr Dzul Hadzwan Husaini, said this is the quickest approach to increase demand for holding the ringgit and, as a result, raise the ringgit’s competitiveness […]

Be ware of fake notes in transactions: MP

BINTULU: MP Datuk Sri Tiong King Sing has advised the public to scrutinise money received in any of their business dealings to avoid becoming victims of fraud. He gave the reminder after it emerged that a Sibujaya Tamu Market trader had been cheated with fake RM20 notes. This should serve as a warning to the […]

SPay Global records transactions worth over RM2.8b

KUCHING: Sarawak’s mobile application, SPay Global has recorded a total transaction of 66.7 million worth over RM2.8 billion since its launch in 2017 until Nov 27 this year. Sarawak Multimedia Authority (SMA) acting general manager Irtidzar Razali said the application formerly known as Sarawak Pay has also registered a total of 657,824 users with 86,154 […]

Former SESCO employee fined RM5k for bribery

MIRI: A 45 year-old former assistant engineer at Syarikat Sesco Berhad (SESCO) Miri on Wednesday was fined a total of RM5,000 on five charges , in default 15 months’ jail by the Special Corruption Court here after being found guilty of receiving bribes. Judge Steve Ritikos imposed a fined of RM1,000 on each charge or […]

BNM collaborates with banks to combat fraud cases

KUCHING: Bank Negara Malaysia (BNM) has urged all licensed banks to ensure proper communication for cases of unauthorised transactions, as well as fair redress for customers who have taken necessary steps to protect themselves and have not acted fraudulently. It said all banks have been reminded to ensure that they provide the appropriate assistance and […]

IRB increases limits for income tax payment via FPX

PUTRAJAYA: The maximum limit for income tax payment transactions through the Financial Process Exchange (FPX) method has been increased with immediate effect, to make it easier for taxpayers to make payments online. The Inland Revenue Board (IRB), in a statement today, said that for business-to-business (B2B) transactions, the maximum limit was increased from RM1 million […]

NRD opens all ID-related transaction counters by appointment

PUTRAJAYA: The National Registration Department (NRD) has opened its offices nationwide to assist the public with pending identification document (ID) transaction on an appointment basis. In a statement today, the NRD said most of its offices have been operating by appointment since the implementation of the conditional movement control order (CMCO) on May 4, except the offices […]