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Please introduce yourself using a movie/ a cartoon/ an anime character that resemble your personality/character. Thank you.

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Please introduce yourself using a movie/ a cartoon/ an anime character that resemble your personality/character. Thank you.

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Hello everyone. Belle has the heart of learning, she loves reading and although she is quite passive, she is never afraid for an adventure....Because she believes that people should never stop learning, never stop improving, never giving up and always keep moving forward..And these personalities of Belle resemble myself, I am Madam Ninalyn...Nice to meet you all!

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Please fill in your group members names here. Tq

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Please fill in your group members names here. Tq

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https://docs.google.com/spreadsheets/d/1B4MM5BRCvijBLZhCrKEQjiUvUn5rjFwapCHOfs1KHiU/edit?usp=sharing

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Create a poster of ONE Commercial Bank or Islamic Bank that we have in Malaysia (for example CIMB, Bank Islam, Maybank, etc). The poster must include the bank's functions (give examples of products or services that they offer). How the poster is made will depend on your creativity but make sure that the information is clear and interesting - make it simple. Post your poster here. Remember to write down your name ya. Thank you.

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Nur Hafizah binti Abdul Ladip(2020820358)

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Nur Hafizah binti Abdul Ladip(2020820358)

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Hello guys. Rapunzel is a spirited, kind, playful, and a very adventurous girl in her late teens, though a bit naive. However, she is not afraid to stand up for herself or others when the situation calls for bravery. And these personalities of Rapunzel resemble myself, I am Nur Hafizah. Nice to know you!!

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Hello Madam Ninalyn and my fellow friends. My name is Nazurah Binti Ghafar. The character that i choose that resemble me is Luca from Luca Movie. Luca has the trait that he willing to go outside his comfort zone and also love to try new things. He also kind to his belove friends. I think his personality kind of resemble me. I hope we will get know each other well :))

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NORASHIRAH (2020600364)

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NUR MEELNA MARLINIE BINTI ROSLAN (2020893062)

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Nur Syariqah Elieyana
(2020895872)

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VIVCCIE DENIUS | 2020450764

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Fixed Deposit + Saving Account or Current Account

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Nur Alia Amira Binti Amirudin (2020472852)

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Mohamad Nazreen bin Kamis (2020603502)

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Nur Irdina Izaty Binti Mat Zain (2020835418)

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MOHD KHUZAIRIL BIN MOHD SYUKRI (2020820332)

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MOHD KHUZAIRIL BIN MOHD SYUKRI (2020820332)

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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MOHAMAD HAIQAL AFIQ BIN MOHD SAIFUL(2020855394)

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Woody is a loyal character. Woody is a smart, determined, passionate character and would do anything for his dearest friends. He considers his friends as family and he tries his best to keep them together at all times. Same goes to me, I cherish my friends a lot and I would do anything to make sure our friendships last forever. Other than that, Woody is also quite stubborn and if he has made up his mind to do something, nothing will trigger him in changing his plan. His character resembles myself, I am Nur Meelna Marlinie Binti Roslan 😊

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Nur Izza Saidatulnisa Binti Baharuddin (2020838784

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Hi all. Good job to everyone who have submitted their tutorial so far. Nicely done! I hope this activity can help with your group assignment later on. To those who have not yet submit, I hope you can also try to do this activity ya. Thank you so much!

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Mohamad Dani Izwan Bin Mohamad Abdullah (2020479098)

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Hello Madam Ninalyn, I am Nur Syaima Balqis Binti Ramli but just call me Aqish or Syaima. If using anime character, there have 4 character that I thought about. But i think that maybe Killua Zoldyck from HunterxHunter is the best to describe me. Like Killua, I am cheerful, childish and mischievous person. The reason why i said that i a mischievous person because i like to disturb and prank my close friend. Killua also someone who loyal to his friend. If people who know me well, they know how loyal i am and cherish my friendship. Just like Killua, i usually use my emotion in deciding something, yeah it is not really good but that me hahaha. That all from me, nice to know you all !

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SITI NUR ZULAIKHA BINTI LUKE (2018434718) 

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SITI NUR ZULAIKHA BINTI LUKE (2018434718) 

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Maybank Islamic Berhad is Maybank Group’s wholly-owned, full-fledged licensed Islamic bank. It is the leading provider of Islamic financial products and services in ASEAN. Maybank Islamic leverages on the Group’s in

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Write your opinion about the issue emphasized by the author. Why do you think the FSA and IFSA are important?

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Malaysia’s new financial services regulatory framework — Financier Worldwide

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Since 2001, Financier Worldwide has been providing valuable information on corporate finance and board-level business issues through its monthly print magazine and exclusive website content. As a leading publisher of news and analysis on this dynamic global market,…

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The FSA and IFSA contain provisions that enable Bank Negara Malaysia to effectively perform its oversight role. In general, this includes empowering Bank Negara Malaysia to specify standards, as well as, to issue directions, for the purpose of ensuring the safety, integrity, efficiency and reliability of the payment systems and payment instruments.

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hello everyone, i choose mulan as my character cartoon . Even though Mulan is fictional character, but its have a good characteristic shown us as our role model. However, this character shown courage, intelligence, and determination helped her through her adventures of defeating the Hun Army. She is also kind and warm-hearted despite her clumsiness. I was inspired by the positive attitude that exists in the character of Mulan

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FSA and IFSA are vital to BNM because they can help BNM perform optimally. The Financial Services Authority (FSA) and the International Financial Services Authority (IFSA) both regulate and supervise financial institutions, payment systems, and other relevant enterprises. As a result, both the FSA and the IFSA are important to enhance financial stability through enhancing financial institution safety and soundness, strengthen compliancy to shariah and also strengthen regulatory framework for Islamic financial institution .

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The FSA and IFSA are important so that BNM can carry out its duties more efficiently. FSA provide BNM with greater power of regulation and supervision of financial institutions. This is to ensure that financial services providers are fair, responsible and professional. IFSA provide BNM greater power according to shariah principles. It means all activities carried out must be fair and equitable according to shariah.

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NORAIN (2020848018)

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The FSA and IFSA holds its own important especially in the context of financial. In my opinion, FSA empowers the financial regulator which also called Central Bank of Malaysia (BNM), to observe any mistakes over the financial groups by introducing the concept of Financial Holding Company (FHC). Meanwhile, important of The Islamic Financial Services Act 2013 hold on its own aim which is  to promote compliance with Shariah principle. Based on this aim, we can tell that IFSA will help any operation will be followed based on the various of Shariah Contracts.

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IFSA and FSA are important because since they allow BNM to successfully conduct its supervision duty and strengthen provisions to regulate payment system operators and payment instrument issuers to promote safe, efficient, and reliable payment systems and instruments. As for IFSA, it is more to promote financial stability and compliance to Shariah and further strengthen the regulation of Islamic financial institutions.

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NORAIN ( 2020848018 )

The Financial Services Act (FSA) and the Islamic Financial Services Act (IFSA) took effect on June 30, 2013, replacing the Payment System Act 2003, which had been abolished (PSA). In order to ensure safe, efficient, and reliable payment systems and instruments, the FSA/IFSA includes increased requirements to govern payment system operators and payment instrument issuers.Bank Negara Malaysia can efficiently conduct its supervisory duty thanks to provisions in the FSA and IFSA. In principle, this entails giving Bank Negara Malaysia the authority to set standards and issue directives in order to ensure the safety, integrity, efficiency, and dependability of payment systems and instruments.

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In my opinion, FSA and IFSA are both important on their own. In which FSA provides regulation and supervision of financial institutions, payment systems and any other entities in the same type. Apart from that, it also supervises the money market in order to promote stability in finance or any related matters. Meanwhile, IFSA also have the same objective with FSA but the difference is that IFSA promotes compliance with Shariah principles, meaning that every supervision, regulation and payments are of compliance with Shariah.

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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The Financial Services Act 2013 (FSA) and the Islamic Financial Services Act 2013 (IFSA), in my opinion, are significant because they are playing a major role in modernising the laws that govern the conduct and supervision of financial institutions in Malaysia, ensuring that these laws remain relevant and effective in order to maintain financial stability and support inclusive growth in the country.

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In my opinions, FSA and IFSA play a big role in our banking economy to ensure the fulfilment of regulations imposed by BNM. FSA provide the regulation and supervision of financial institutions, payment systems, foreign exchange market to promote financial stability. Same goes to IFSA they provide the same thing but in IFSA they all under islamic system and under shariah.

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NUR MEELNA MARLINIE BINTI ROSLAN (2020893062)

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NUR MEELNA MARLINIE BINTI ROSLAN (2020893062)

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In my view, the Financial Services Act 2013 (FSA) and the Islamic Financial Services Act 2013 (IFSA) are important because the two were established to provide for the regulation and supervision of financial institutions, payment systems and other relevant entities. Moreover, it is also introduced to provide oversight of the money market and the foreign exchange market. This shows how important the FSA and the IFSA as a revolution of the financial regulatory system in Malaysia as it marks a moderate shift away from the laissez-faire and self-regulatory approach of the previous regime towards one of increased regulation and corporate accountability.

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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In my opinion, the Financial Services Act 2013 (FSA) and the Islamic Financial Services Act 2013 (IFSA) are important. It is because the FSA and IFSA is to promote secure, efficient, and dependable payment systems and instruments, it includes improved regulations to regulate payment system operators and payment instrument issuers. The acts regulate and control the money market and foreign currency market, as well as financial institutions, payment networks, and other relevant entities. As a result of the provisions in the FSA and IFSA, Bank Negara Malaysia can effectively carry out its supervisory function.

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Mohamad Haiqal Afiq Bin Mohd Saiful(2020855394)

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Mohamad Haiqal Afiq Bin Mohd Saiful(2020855394)

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In my opinion, the FSA and IFSA can holds its own especially in the context of financial. The FSA and IFSA are imprtant so that BNM can carry out its duties more efficiently. FSA provide BNM with greater power of regulation and supervision of financial institutions to make sure the financial services providers are fair, responsible. While for IFSA, its provide BNM greater power according to shariah principles to make all the activities can be carried out with fair and equitable according to shariah.

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Both FSA and IFSA have important roles in our financial system. Both payment systems are considered systemically important, where the failure of the system may cause an impact on monetary and financial stability, which can be designated by Bank Negara Malaysia under the act. The designation provision provides the power to Bank Negara Malaysia to exercise necessary intervention powers to ensure smooth operation and functioning of the system.

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The FSA and IFSA are important acts for Malaysia where both acts have the same objective which is to promote financial stability by fostering security and soundness of financial institutions, money market and foreign exchange market integrity, business conduct of financial institutions and consumer protection.The FSA empowers the financial regulator, Bank Negara Malaysia (BNM), to exercise oversight over financial groups by introducing the Financial Holding Company (FHC) concept. BNM has the authority to approve more than one company in a group as an FHC. While the IFSA aims to strengthen the foundation for comprehensive Shariah governance and compliance. It strengthens BNM's role as a Shariah regulator, imposes stringent requirements on Shariah governance mechanisms and caters to the specifics of Islamic financial products and operations based on various types of Shariah contracts.

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In my opinion, The FSA and IFSA are very important because they strengthened provisions to regulate payment system operators and payment instrument issuers in order to promote safe, efficient and reliable payment systems and instruments. While, IFSA promote financial stability and compliance to Shariah and further strengthen the regulation of Islamic financial institutions

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Read the news via the link given above. Share any one lesson that you can learn from the article which is relevant with chapter 4. Thank you.

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DFIs offer a variety of specialized financial products and services tailored to the demands of key important industries. Despite holding special responsibilities to develop and promote vital sectors of the country, it is necessary to analyze loan applications as severely as commercial banks do in order to prevent non-compliance.

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As we know, DFIs is a specialized financial institution that established by government. It is useful because it helps to promote the investments whether in specific needs of targeted strategic sectors, such as agriculture, small and medium businesses, infrastructure, maritime, export-oriented industries, and capital-intensive and high-technology industries.

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DFI in general is a specialised institution that supplies a set of specialised financial products and services fit to the demands of the important industries such as banking institutions. They complement said institution and act as a channel that connects the gaps in the supply of financial products. However, in bearing such responsibilities come with consequences in which businesses such as loan applications are to be handled seriously in order to avoid any problems that might become a national case problems.

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Development financial institutions (DFIs) is a specialized financial institutions established by the government which is categorized under non-bank financial institutions (NBFI). The functions of DFIs is to provide a span of specialized financial services and products to suit the specific needs of the targeted strategic sectors. Few examples of the functions are to provide medium and long-term loans, to participate in equity capital and also to act as issuing house for public share issues.

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Development financial institutions DFIs are specialized institutions established by the government to provide a range of specialized financial products and services. On the other hand, it is beneficial because it supports the promotion of strategic sectors such as agriculture, entrepreneurs, infrastructure, maritime, export-oriented industries, and capital-intensive and high-technology industries. Therefore, while playing a stronger complementary and developmental role in supporting the nation's socio-economic objectives, DFIs must look into the commerciality and creditworthiness of loan applicants, as well as the projects engaged as a lender.

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Development Financial Institutions (DFIs) is institution that is specialized to promote investment in certain industries. Even if only (DFIs) as a non-bank financial institution, it must make scrutiny in allowing any business such as loan applications to prevent any problems in future. This is to show the same compliance like commercial bank do.

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SITI NUR ZULAIKHA BINTI LUKE (2018434718)

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SITI NUR ZULAIKHA BINTI LUKE (2018434718)

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In setting the country's economic recovery strategy, the Ministry of Finance (MOF) is of the view that the Development Financial Institutions (DFIs) plays a strategic and important role in the country's efforts to restore and preserve business capacity that provides various employment opportunities and supports. Development Financial Institution (DFIs) is specialized financial institutions under non-bank financial institutions (NBFI), that have own objective to complement the banking institutions’ role.

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DFIs provide a wide range of specialized financial products and services that are tailored to the needs of key sectors. Despite having particular obligations to develop and promote critical sectors of the country, it is necessary to scrutinize loan applications with the same rigout as commercial banks to avoid non-compliance.

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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Development financial institutions (DFIs) is specialized financial institution established by the government under non-bank financial institution (NBFI). DFIs offer variety specialised financial products and services to suit the specific needs of the targeted strategic sectors. However, it is necessary to take a serious look in the scrutiny of loan applications just like commercial banks to avoid non-compliance.

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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Development Financial Institutions (DFIs) are specialized financial institutions formed by the government with a specific mandate to develop and promote important industries considered strategic to the country's overall socioeconomic development goals. DFIs, as specialized institutions, offer a variety of specialized financial products and services to meet the specific needs of the selected strategic sectors. Despite the fact that they provide a wide range of specialized financial products and services, they must look for their business operation frequently, such as closely examining the commerciality and credit worthiness of loan applicants in order to reduce non compliance. This is to avoid any future issues that could affect them.

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DFIs is a specialized financial institution  that the government creates with a specific mandate to develop and promote key sectors. The DFIs are very important to be strong, effective and efficient in performing their roles because they will contribute to the development and growth of the targeted sectors and at the same time it will help in economic growth. Hence, in that situation it is necessary to DFIs rigorous the lending standards and not arbitrarily in approving loan applications before doing scrutiny to avoid any problems in the future.

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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DFIs are also urged to look into the commerciality and credit worthiness of loan applicants, as well as the projects involved as a lender, according to the article. Despite the socioeconomic characteristics of the loans, DFIs must maintain compliance and follow a rigorous process similar to commercial banks.

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Read the following news article. Briefly explain one lesson you can learn from this news article - relate it with Chapter 5.

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Malaysian capital markets remain vibrant, gross funds raised increased 16.3% to RM163b as at July 2021

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KUALA LUMPUR (Oct 29): Malaysia’s capital markets remained vibrant, with gross funds raised increasing by 13.4% to RM163 billion as at the end of July 2021 from a year ago, according to the Economic Outlook 2022 Report published by the Ministry of Finance (MoF) on Friday.Fundraising activities in th…

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NUR HAFIZAH BINTI ABDUL LADIP (2020820358)

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NUR HAFIZAH BINTI ABDUL LADIP (2020820358)

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Malaysia’s capital markets remained vibrant, with gross funds, fund raising, raised were mainly used to finance infrastructure projects, new business activities and working capital. Meanwhile, the public sector raised and the capital bond inflows which resulted in foreign holdings. Yields for MGS and corporate bonds raised in Malaysia were generally higher.

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A lesson that I can learn from the news article that relate with chapter 5 is about the capital market that help Malaysia to raise funds. For the bond market, many investors in public sector buy securities in government until it raised RM63.8 billion, rebounding by 40.2% in 2021 compared to 2020. In this case, we can see that the in bond market, many investors want to trade debt securities that called bonds. For the profit in raise funds, it could be used to make other projects such as infrastructure projects, new business project activities and working capital project.

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Nur Meelna Marlinie Binti Roslan (2020893062)

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One lesson that I learned from the news article is how the capital market is functioning. One of the functions can be seen in the article which is to enable the government to raise funds from investors to finance their public development programs. The news article states that the fundraising activities in the capital markets saw an improvement and the funds raised were mainly used to finance infrastructure projects, new business activities and working capital which can be related with the function stated.

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The lesson I brought away from the article relating to Chapter 5 was how Malaysia's stock market raises funding. As can be seen, many public sector investors bought government securities till they reached billion money in 2021, a 40.2 percent increase over 2020. As a result, we can observe that many investors are interested in trading debt instruments, often known as bonds. Profits are utilised to fund infrastructure initiatives, working capital projects, and other projects.

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One lesson that I learned from the article is one of the capital market's functions is to allow the government to raise funds from investors to support public development projects. For example, according to the article, the funds raised were mostly utilized to fund infrastructure projects, new business activities, and working capital.

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A lesson that i have learnt from this article is that capital market and bond market has sucessfully managed to fulfill their roles to raise government funds. As an example, capital markets improvement of 43.1% to RM65.6 billion while bond markets raised a total of 63.8 billion with an increas e of 40.2% in 2021 compared to 2020. As a result, I can see that these financial markets can really benefit the government if used properly.

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One lesson that I can learn from the article is that capital markets and bond markets are very helpful to raise funds in the private sector and the public sector. The funds that have been raised will be used to finance infrastructure projects, new business activities and working capital. Hence, the financial markets are very useful to the government to raise funds from their investors to finance their public development programs.

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The lesson I have learnt from this article is that capital markets are very useful for economic development which is, the funds raised are capable of generating profits as well as helping in financing development expenditure and stimulus packages till the end of July 2021. In addition, these funds are mainly used to finance infrastructure projects, new business activities and working capital.

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SITI NUR ZULAIKHA BINTI LUKE (2018434718)

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SITI NUR ZULAIKHA BINTI LUKE (2018434718)

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One lesson I can learn from this relevant news article in chapter 5 is the capital market. In the capital market is further divided into 3 other markets, namely the equity market, bond market and derivatives market. Capital markets also refer to places to trade long -term securities such as bonds, common stock, preferred stock and derivative securities. Not only that, this markets are where savings and investments are channeled between suppliers or institutions with capital to lend or invest to those in need. Capital markets are composed of primary and secondary markets. The most common capital markets are the stock market and the bond market. For example, in this news article is Malaysian capital market gross funds increased at the end of July 2021.

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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One lesson that I learned from the news articles is allowing the government to obtain funds from investors to support public development initiatives is one of the capital market's duties. The funds obtained were largely used to support infrastructure improvements and new company operations.

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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Lesson that I have learn from this chapter is capital market helps government to raise funds from investors to finance their public development programs. According to the article, the funds obtained can be provided to improve infrastructure projects, new business activities, and working capital. Other than that, fundraising operations in the capital market are also improving in both the private and public sectors.

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In my opinion both are important.In order to ensure safe, efficient, and reliable payment systems and instruments, the FSA/IFSA includes increased requirements to govern payment system operators and payment instrument issuers.Its main goals are to promote financial stability and Shariah compliance, as well as to increase Islamic financial institution regulation. The IFSA 2013 intends to promote consumer protection and increase public confidence in Takaful by doing so.

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In my opinion both are important.In order to ensure safe, efficient, and reliable payment systems and instruments, the FSA/IFSA includes increased requirements to govern payment system operators and payment instrument issuers.Its main goals are to promote financial stability and Shariah compliance, as well as to increase Islamic financial institution regulation. The IFSA 2013 intends to promote consumer protection and increase public confidence in Takaful by doing so.

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Nur Syariqah Elieyana (2020895872)

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DFIs are specialised development organisations that are often majority owned by national governments. DFIs invest in low- and middle-income nations' private sector projects to encourage job creation and long-term economic growth.

Nur Syariqah Elieyana (2020895872)

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What I learned from this article is that the capital market is crucial because it allows the government to raise funds from investors to fund public development programmes. The money raised was mostly used to finance infrastructure improvements and new business ventures.

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Why Central Banks around the world want to use Central Bank Digital Currencies (CBDCs)? Explain ONE possible impact if BNM decide to implement the use of CBDCs for international settlements.

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KUALA LUMPUR (Sept 2): Bank Negara Malaysia (BNM) said it will be joining forces with the Bank for International Settlements (BIS) Innovation Hub, Reserve Bank of Australia (RBA), Monetary Authority of Singapore (MAS) and South African Reserve Bank (SARB) to test the use of central bank digital currencies (CBDCs) for international settlements.

In a statement, BNM said the project, dubbed Project Dunbar, aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs, which will allow financial institutions to transact directly with each other in the digital currencies issued by participating central banks.

It said this will eliminate the need for intermediaries and also reduce the time and cost of transactions.

"Project Dunbar brings together central banks with years of experience and unique perspectives in CBDC projects and ecosystem partners at advanced stages of technical development of digital currencies.

"With this group of capable and passionate partners, we are confident that our work on multi-CBDCs for international settlements will break new ground in this next stage of CBDC experimentation and lay the foundation for global payment connectivity," said BIS Innovation Hub Singapore centre head Andrew McCormack.

BNM assistant governor Fraziali Ismail, meanwhile, said the multi-CBDC platform explored under the project has the potential to "leapfrog the legacy payment arrangements" and serve as the foundation for a more efficient international settlement platform.

"We hope the project will spur greater public-private collaboration to enable fast and frictionless cross-border payments, combining both the benefits of distributed ledger technology and the efficiency of a common platform," he said.

Those in the project will be working with multiple partners to develop technical prototypes of different distributed ledger technology platforms.

BNM said the project will also explore different governance and operating designs that enable central banks to share CBDC infrastructure, benefiting from the collaboration between public- and private-sector experts in different jurisdictions and areas of operation.

Project Dunbar will be exploring the international dimension of CBDC design, it said, and support the efforts of the Group of Twenty (G20) road map for enhancing cross-border payments.

The project expects to publish its results in early 2022, which will inform the development of future platforms for global and regional settlements.

Technical prototypes of the shared platforms, which will be developed in collaboration with different technology partners, will be demonstrated at the Singapore FinTech Festival in November 2021.

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BNM joins forces with Australian, Singapore, South African central banks to test central bank digital currencies

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Bank Negara Malaysia (BNM) said it will be joining forces with the Bank for International Settlements (BIS) Innovation Hub, Reserve Bank of Australia (RBA), Monetary Authority of Singapore (MAS) and South African Reserve Bank (SARB) to test the use of central bank digital currencies (CBDCs) for international settlements.

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Central Banks around the world want to use Central Bank Digital Currencies (CBDC) because it helps to reduce the cost and time of transactions to financial international needs. One of the possible impact if BNM decide to implement the use of CBDCs for international settlements is many projects can be done easily, organized and systematic. Hence, our country can appreciate the advanced technology, where our country now use the technology as a priority. It means our country is not outdated.

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Central Banks around the world want to use Central Bank Digital Currencies (CBDCs) because the CBDC platform under the Project Dunbar has the potential to serve as the foundation for a more efficient international settlement platform. Moreover, the project may spur greater public-private collaboration to enable fast and frictionless cross-border payments which combine both the benefits of distributed ledger technology and the efficiency of a common platform.

One possible impact if BNM decides to implement the use of CBDCs for international settlements is that BNM can share the CBDC infrastructure, benefiting from the collaboration between public and private-sector experts in different jurisdictions and areas of operation.

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Mohd Khuzairil Bin Mohd Syukri (2020820332)

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Mohd Khuzairil Bin Mohd Syukri (2020820332)

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The reason to why Central Banks around the world use Central Bank Digital Currencies (CBDCs) is to allow financial institutions to transact directly with each other in the digital currencies while eliminating the need for intermediaries and also reduce the time and cost of transactions.
A possible impact if BNM decide to implement CBDCs for international settlement is that it enables central banks to share CBDC infrastructure and BNM will get benefit from the collaboration between public- and private-sector experts in different jurisdictions and areas of operation.

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The reason why Central Banks around the world want to use Central Bank Digital Currencies ( CBDCs) is that the project, dubbed Project Dunbar, aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs, which will allow financial institutions to transact directly with each other in the digital currencies issued by participating central banks.
The possible impact if BNM decides to use CBDCs for international settlement is that it will spur greater public-private collaboration, allowing for fast and frictionless cross-border payments while also combining the benefits of distributed ledger technology and the efficiency of a common platform. Therefore, this project will eliminate the need for intermediaries while also reducing transaction time and cost, which is a beneficial move.

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Nur Hafizah binti Abdul Ladip (2020820358)

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Nur Hafizah binti Abdul Ladip (2020820358)

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Central Banks around the world want to use Central Bank Digital Currencies (CBDCs) because  this will eliminate the need for intermediaries and also reduce the time and cost of transactions. One possible impact if BNM decide to implement is it will enable fast and frictionless cross-border payments, combining both the benefits of distributed ledger technology and the efficiency of a common platform in our country.

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Development financial institutions (DFIs) in Malaysia must assess loan applications as rigorously as commercial banks. DFIs are also reminded to look into the commerciality and creditworthiness of loan applicants, as well as the projects involved as a lender.  DFIs are specialized institutions established by the government to suit the specific needs of targeted strategic sectors, such as agriculture, infrastructure, and high-tech industries. With the enactment of the DFIA, has been selected under the regulatory purview of Bank Negara Malaysia.

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The reason why central bank around the world use central bank digital currencies (CBDC's) because it required to ensure financial stability  and safe efficient payment. It is also reduce the cost and time of transaction.

One of the impact if BNM decice to implement CBDCs for international settlement is central bank will get the benefits by sharing the CDBCs infrastucture and their modern technology.

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Central around the world want to use CBDC as they intend to develop a prototype sharing platform for cross -border transactions. This will allow financial institutions to transact directly with each other in digital currencies issued by participating central banks. One possible impact if BNM decides to implement the use of CBDC is that they can eliminate the need for intermediaries and also reduce transaction time and costs. Projects implemented by BNM will also be able to explore different governance and operational designs that enable central banks to share CBDC infrastructure, and benefit from collaboration between public and private sector experts in different jurisdictions and areas of operation.

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A lesson that I learned from the article is Capital Market is important in raising their funds to Malaysia because it can help the government to support and improve our country as well as their new business activities and according to the article there are many investors who want to trade debt securities.

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The usage of central bank digital currencies (CBDCs) by central banks around the world is essential to ensure financial stability and safe, efficient payment. This project will also look into possible governance and operating models that would allow central banks to share CBDC infrastructure, utilising the expertise of public and private sector specialists from various jurisdictions and regions of operation.

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Central Banks around the world want to use Central Bank Digital Currencies (CBDCs) because  to develop prototype shared platforms for cross-border transactions using multiple CBDCs, which will allow financial institutions to transact directly with each other in the digital currencies issued by participating central banks. Possible impact if BNM decide to implement the use of CBDCs for international settlements is this project will explore different governance and operating designs that enable central banks to share CBDC infrastructure, benefiting from the collaboration between public- and private-sector experts in different jurisdictions and areas of operation.

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One lesson I have learn from this news article is The financial, insurance, real estate and business services sector dominated the total corporate bond issuance at, while the utilities sector for electricity, gas and water came in second at and followed by the construction sector. The funds raised were mainly used to finance infrastructure projects, new business activities and working capital.

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Central Banks around the world want to use CBDCs because CBDCs are a tool that can help to enhance safety and neutrality in digital payments, can reduce time and the cost of moving money around the financial system and can reduce dependency on cash.

One possible impact if BNM decides to implement the use of CBDCs for international settlement is to enable fast and frictionless cross-border payments, combining both the benefits of distributed ledger technology and the efficiency of a common platform.

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Central banks all around the globe desire to adopt Central Bank Digital Currencies (CBDC) because it lowers transaction expense and risks for financial international purposes. One of the likely consequences if BNM decides to employ CBDCs for international settlements is that many projects will be smoother, more structured, more systematic. As a result, our country can appreciate superior technology, and our country today prioritises technology. It implies that our country is not obsolete.

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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The use of central bank digital currency (CBDCs) by central banks around the world is essential to ensure financial stability and security. The CBDCs will allow financial institutions to transact directly with each other in digital currencies issued by participating central banks.
With the use of CBDCs will eliminate the need for intermediaries and also reduce transaction time and costs. CBDCs various platforms have the potential to “accelerate legacy payment arrangements” and serve as the foundation for more efficient international settlement platforms.
Oone possible effect of BNM’s decision to implement the use of CBDC for international solutions is to enable fast and frictionless cross-payment of brides, combining both the benefits of distributed ledger technology and the efficiency of a shared platform.

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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NUR ALIA AMIRA BINTI AMIRUDIN (2020472852)

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CBDCs can deter illegal activities because they are stored digitally and do not require serial numbers to be tracked. A central bank can easily trace money across its territory using cryptography and a public ledger, prohibiting criminal activities and unlawful CBDC transactions.

If BNM decides to employ CBDCs for international settlements, one probable effect is that CBDC platforms would allow financial institutions to interact directly with one another in BNM's digital currencies, removing the need for intermediaries and reducing transaction time and cost.

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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NUR SYAIMA BALQIS BINTI RAMLI (2020855658)

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A lesson that I learned from this news article is Capital markets help governments raise funds from investors to fund public development programs. The funds raised are used primarily to finance infrastructure projects, new business activities and working capital.

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Watch this video and give your opinion on why some people go to illegal money lender instead of borrowing money from banks. Give your suggestion on how to solve the problem of loan sharks and illegal money lending activities in Malaysia and how to encourage people to use credit facilities from banks.

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The Dangers of Loan Sharks and Illegal Money Lending

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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NUR IRDINA IZATY BINTI MAT ZAIN (2020835418)

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Central Banks around the world want to use Central Bank Digital Currencies (CBDCs) because it will enable financial institutions to conduct direct transactions in digital currencies issued by participating central banks and also will eliminate the need for intermediaries while simultaneously reducing transaction time and cost. Moreover, the project will also explore different governance and operating designs that enable central banks to share CBDC infrastructure, benefiting from the collaboration between public- and private-sector experts in different jurisdictions and areas of operation.

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In my opinion, some  people go to illegal money lender instead of borrowing money from banks because they are in a state of desperation and lack of disclosure about the credit facilities provided by the bank. My suggestion to solve the problem of loan sharks and illegal money lending activities in Malaysia is to do exhibitions and promotional activities to promote the credit facilities that offered by any banks in public places. In addition, the government need to tighten the laws regarding illegal money lending. Hence, government also can spread the benefits on using credit facilities from banks through media social and give a guarantee that these credit facilities is safe.

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Mohd Khuzairil Bin Mohd Syukri (2020820332)

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Mohd Khuzairil Bin Mohd Syukri (2020820332)

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In my opinion, a portion of people who goes to an illegal money lender is because they want to get quick cash money to pay off for something they need without having to do any paperwork of sorts. To Overcome loan sharks and these illegal activities government needs to take action by holding a campaign or some promotional activities that can prevent more victims to be in contact with those who do the illegal activities. In addition to that, they can use those campaigns to promote the usage of credit facilities.

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I think some people borrow money from illegal money lenders because they are desperate to use the money to get on with life. In addition, they also do not think long about what will happen in the future. They do not first investigate the background of the money lender. As a result, they end up in debt from illegal money lenders and this causes them to be physically or mentally harassed if they are unable to pay the money. In conclusion, the government should take action by advertising to the people to always be wise in managing money and not to do any loans other than the bank.

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In my opinion, some people go to illegal money lenders because they believe that is the easy way to get money immediately without any legal requirement needs to be met, as they would in a bank if they desperately need money.
My suggestion for resolving the problem of loan sharks and illegal money lending activities in Malaysia is for our ministry of law to tighten our country's laws to eradicate their activities. Thus, the government and banks must work together to promote more about the credit facilities that banks offer, as well as conduct a campaign to protect people from falling into the trap of borrowing illegal money.

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Some people, in my opinion, resort to an illegal money lender because they want rapid cash money to pay off whatever they need without having to do any paperwork. To avoid this occurrence, the government should take action by implementing this change or engaging in promotional activities that would prevent more people from coming into contact with people who engage in illegal lending activities. Furthermore, they can use those advertisements to encourage people to use credit.

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Nur Meelna Marlinie Binti Roslan (2020893062)

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Some people go to an illegal money lender instead of borrowing money from banks because the illegal money lender does not bother with the consumer's creditworthiness. They will still lend money even if the credit score is poor, unlike banks who will automatically reject lending money to them. Other than that, the process of borrowing money from loan sharks is easier than banks and does not require many documents.

Suggestion on how to solve the problem of loan sharks and illegal money lending activities in Malaysia is by implementing a financial educational approach. This approach will help people to have better insight into the dangers of illegal lending and would increase knowledge and understanding of accessing alternative forms of finance.

One way to encourage people to use credit facilities from banks is by focusing on educating people on the benefits of using credit facilities from banks. When people understand and know that using credit facilities from banks is the best option, they will surely choose banks over other options.

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In my opinion why some of people goes to illegal money lender because the procedures of borrowing money from the illegal money lender is more easier than bank.My suggestion to solve this situation is  by  always do a promotion activities to let people know about the benifits if we loan from bank.In instance, banks should do more commercial via online because nowadays people more likely to know some issues through online sector.

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SITI NUR ZULAIKHA BINTI LUKE (2018434718)

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SITI NUR ZULAIKHA BINTI LUKE (2018434718)

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Some people, in my opinion, employ illegal money lenders instead of taking out bank loans because they require money right now to make a life. Making a loan through a bank necessitates following the bank's procedures, which takes a lengthy time to receive permission from the bank. Not only that, but it's possible that a small number of people are still unaware of the dangers of taking out loans from these illicit money lenders. Asking for family support, managing finances well and in an organised manner, being frugal, and increasing income are some approaches to handle the problem of money borrowing. This is one of the ways that these illicit money lenders operate: by instilling faith in persons or parties in need of money that they can assist them in resolving their difficulties. The government is in charge of spreading or providing information on the benefits and simplicity of obtaining credit from banks in order to assist those who are in need of money but are unaware of how to use credit.