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Malaysia

Nielsen Buys Digital Content Specialist Brandbank

Nielsen has announced the acquisition of Brandbank, which collects, manages and distributes FMCG product and brand image content, via digital means, for retail syndication across in-store, print promotional and e-commerce platforms. The deal includes the integration of Brandbank teams across the UK, France and seven other European nations, plus China, Thailand and Malaysia. Nielsen is also talking to Brandbank clients ... Read More »

BIIA Welcomes CTOS Data Systems Sdn Bhd Malaysia

CTOS Data Systems (CTOS) is Malaysia’s largest private credit reporting agency and is a registered Credit Reporting Agency under the Malaysian’s Credit Reporting Agencies Act 2010. CTOS was established in 1990 and is the pioneer agency in the industry. According to World Bank’s IFC Doing Business Report, Malaysia has been consistently ranked highly in terms of access to credit. As ... Read More »

Commercial Credit Information: “Show me your operating license and I shall buy your information.”  

BIIA’s editor observed a number of recent comments made by information suppliers about the legal aspects of collecting credit information in China, which could give the impression that certain suppliers may have obtained information illegally or haphazardly. William F.M.J. Baastian, Board member at Creditreform China, advises readers of the Creditreform Magazine only to buy credit information from reliable sources.  He ... Read More »

FICO in Partnership with CTOS Data Systems Sdn Bhd

FICO announced that the largest private credit reporting agency in Malaysia, CTOS Data Systems Sdn Bhd, will offer FICO® Scores to all its clients beginning early 2015. The CTOS-FICO Consumer Credit Score will be developed based on FICO’s proven scoring modelling technology. The scoring model for CTOS is created by analyzing the information found in CTOS’s comprehensive credit information database. ... Read More »

Standard & Poor’s Acquires Additional Stake in RAM Holdings Berhad

Standard & Poor’s Ratings Services (Standard & Poor’s) has acquired an additional 3.5% stake in RAM Holdings Berhad (RAM).  This acquisition increases Standard & Poor’s shareholding in RAM to 11.7%. Standard & Poor’s acquired an initial 4.9% stake in RAM in November 2011 and another 1.2% and 2.1% stake in August and October 2013, respectively.  The further expansion of its ... Read More »

THE 2nd ANNUAL BIG DATA WORLD SHOW MALAYSIA 2014: SUMMIT & EXHIBITION

Harnessing the Power of Big Data in Asia Riding on the success of Big Data World Show Malaysia held last year, the 2nd Annual Big Data World Show Malaysia 2014 will take place on September 9 and 10 at Shangri-La Hotel, Kuala Lumpur. More than 500 big data scientists and analytics leaders from various industries such as telecommunications, finance, government, ... Read More »

Country Risk Climates: Trends to Keep an Eye On

Turkmenistan – strong growth, robust external position; United Kingdom – problems with Scottish independence; Uzbekistan – internecine battle could affect US exit plans from Afghanistan; Zambia – dollar supplies have dried up. BELIZE:  Economic growth has slowed considerably and is not likely to pick up much in the current year. Social conditions have not improved, but tensions should remain contained. ... Read More »

Emerging Asia: Coface Warns of Growing Risks Linked to Household Debt

The growth potential in Asia remains high, driven by the middle class Asian economies have weathered the double blow of the global crisis of 2008-2009 and that of the sovereign debt of the Eurozone, due notably to the dynamic consumption of their households.  For example, since 1995 per capita consumption has almost tripled in China and has more than doubled ... Read More »

D&B Malaysia Launches Hoovers Marketing Portal

Dun & Bradstreet (D&B) Malaysia has unveiled Hoovers, a global marketing portal designed to meet the challenges of international and regional marketing needs of local companies.  Malaysian firms will now be able to tap into D&B’s proprietary online database of more than 90 million companies, 100 million contacts and 900 industry segments worldwide. Through a wide range of search criteria, ... Read More »

Malaysia: Pursuing a Robust, Multi-sectored Economic Development

As Southeast Asia’ third largest economy, Malaysia is a newly industrialized market economy which not only has one of the region’s best economic track records, but boasts all the right ingredients needed to emerge as a fully developed country by the end of this decade.   In an effort to reduce exposure from a dependency on exported goods, particularly in ... Read More »

Penang to Build US$113m Convention Centre

Singapore-based, Suntec International has signed a partnership agreement with IJM Land to jointly develop the Penang Waterfront Convention Centre (PWCC) at an estimated cost of US$113 million. Construction work on the waterfront venue will begin next year and it is expected to be completed by 2017. The PWCC is part of a US$1.6 billion project that will also include hotels, ... Read More »

Bloomberg LP and Thomson Reuters are Launching Sukuk Indices.

Bloomberg announced further commitment to the Islamic finance market with the launch of a Malaysian Ringgit (MYR) corporate sukuk index, developed with the Association of Islamic Banking Institutions Malaysia (AIBIM) and Bursa Malaysia. The Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index will serve as a benchmark for investors of ringgit- denominated Islamic bonds in Malaysia, the world’s biggest sukuk market. ... Read More »

Malaysian Anti-Corruption Commission Issues Five Anti-Corruption Principles

The Malaysian Anti-Corruption Commission (MACC) has issued five Anti-corruption Principles for corporations requiring companies to sign a pledge making a unilateral declaration that it will not commit corrupt acts, will work toward creating a business environment that is free from corruption and will uphold the Anti-corruption Principles for corporations in Malaysia in the conduct of its business and in its interactions ... Read More »

Malaysia Adopts Personal Data Protection Act

Malaysia has adopted the Personal Data Protection Act 2010, which regulates the processing of personal data concerning individuals. While this sounds like the European Data Protection Directive, the Malaysian data protection act only applies to personal data which is involved in commercial transactions. The act will not come into force until the responsible Minister inserts a notification in the official ... Read More »

Observations from the BIIA Forum 2011: Eliminating Information Asymmetries with Information Sharing

To provide further input to the open forum discussion the audience had the benefit to listen to William Lim, Executive Director of the Singapore Credit Bureau presenting two excellent role models, the SME credit bureaus of Malaysia and Singapore:  In essence two progressive nations are way ahead in terms of embracing the recommendations of the IFC.  The objectives of the ... Read More »