
Bitget Partners With University Of Zurich Blockchain Center, Providing Opportunities And Scholarships For Students
The scholarship initiative, part of Bitget's broader $10M Blockchain4Youth (B4Y) program, aims to make high-impact blockchain education more accessible to bright, motivated students, presenting them with wider opportunities. Deep Dive into Blockchain (DDiB) is the University of Zurich's flagship international summer school, hosted by the Faculty of Business, Economics, and Informatics in collaboration with the Global Student Experience and organized by the UZH Blockchain Center under the academic leadership of its chairman, Prof. Dr Claudio J. Tessone. The three-week program offers an immersive, interdisciplinary exploration of blockchain from academic, technological, legal, and economic perspectives.
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The Sun
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- The Sun
BNPL transactions surge to 102.6 million in 1H 2025
KUALA LUMPUR: The volume of 'buy now, pay later' (BNPL) transactions in Malaysia surged to 102.6 million in the first half of 2025, up from 83.8 million in the second half of 2024. Deputy Finance Minister Lim Hui Ying highlighted concerns over rising consumer risks, particularly among low-income groups with limited financial literacy. The total value of BNPL transactions increased by 31 per cent, reaching RM9.3 billion in 1H 2025 compared to RM7.1 billion in 2H 2024. Active BNPL accounts also rose from 5.1 million at the end of 2024 to 6.5 million by June 2025. To address these risks, the government is establishing the Consumer Credit Commission (SKP) under the Consumer Credit Act. Lim stated, 'The commission will regulate currently unregulated sectors through a licensing and registration framework.' The Consumer Credit Bill 2025 aims to protect consumers by ensuring responsible lending practices and promoting a fair credit industry. Lim added, 'This bill reflects the government's commitment to a safer credit ecosystem.' - Bernama


Daily Express
an hour ago
- Daily Express
No compromise on Bumi policy during US tariff talks, says Anwar
Published on: Monday, July 21, 2025 Published on: Mon, Jul 21, 2025 By: FMT Reporters Text Size: Prime Minister Anwar Ibrahim today said that the US must respect certain boundaries during the ongoing negotiations on reducing the tariff imposed on Malaysian products. (Bernama pic) PETALING JAYA: Malaysia will not compromise on its Bumiputera policy during ongoing tariff negotiations with the US, said Prime Minister Anwar Ibrahim. Anwar said that while Malaysia valued its trade and investment ties with the economic superpower, Putrajaya remained firm that there must be clear boundaries or 'red lines' in the negotiations. Advertisement 'The Cabinet has discussed this multiple times, but we have our position, we have our red lines – and we're prepared to face the risks,' he said, reported Berita Harian. 'What is that red line? Do not interfere with our national policies. 'They (US) say the Bumiputera policy is discriminatory. We say it's not. Malaysia stands by the policies we have adopted… This is our red line,' he said during the monthly assembly of the Prime Minister's Department in Putrajaya. Anwar, who is also the finance minister, added that procurement and opportunities for local companies must be protected during negotiations with the US. He said Malaysia was committed to safeguarding its national interests while continuing to strengthen trade relations with other countries, including China and Asean member nations, to expand market access. 'We must continue to trade and engage constructively with all countries, but no country should be allowed to impose conditions that put pressure on us,' he said in a Bernama report. Negotiations between Malaysia and the US have been ongoing following the announcement of a 25% tariff on Malaysian goods earlier this month. The tariff is expected to take effect on Aug 1. The Office of the US Trade Representative (USTR) previously cited Malaysia's halal import rules and Bumiputera equity requirements as barriers leading to the 24% tariff initially imposed on April 2. In its 2025 National Trade Estimate (NTE) Report on Foreign Trade Barriers, the USTR said that Malaysia's halal standards exceeded international norms, requiring dedicated halal-only facilities and involving complex registration processes, which raised costs and delay exports. The report also highlighted investment barriers, particularly the requirement for 30% Bumiputera ownership in foreign-owned firms and restrictions in sectors such as oil and gas, media, and public procurement. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia

Barnama
an hour ago
- Barnama
BNPL Transactions Hit 102.6 Million In 1h 2025
BUSINESS KUALA LUMPUR, July 21 (Bernama) -- The volume of 'buy now, pay later' (BNPL) transactions has increased from 83.8 million in the second half (2H) of 2024 to 102.6 million in the first half (1H) of this year. Deputy Finance Minister Lim Hui Ying said the surge in BNPL transactions exposes consumers to risks, especially those in the low-income group and with poor financial literacy to the risk of unmanageable debts. The total value of BNPL transactions rose 31 per cent from RM7.1 billion in 2H 2024 to RM9.3 billion in 1H 2025. Meanwhile, the number of active BNPL accounts also increased from 5.1 million at the end of last year to 6.5 million as of end-June this year. 'To address this issue in protecting the interests of credit consumers, a statutory body known as the Consumer Credit Commission (SKP) will be established under the Consumer Credit Act,' Lim said when tabling the Consumer Credit Bill 2025 for the second reading in the Dewan Rakyat today. She said the commission, which will come under the Ministry of Finance, will regulate business sectors that are currently not regulated by any party via a licensing and registration framework. Lim said the Consumer Credit Bill is tabled as part of the government's effort to establish comprehensive legislation to protect credit consumers and restructure the nation's credit industry landscape. The bill was drafted to tackle two main issues: the presence of unregulated industry players and inconsistencies in credit sector oversight by various authorities. 'The bill's main objective is to protect the interests of credit consumers in the country by regulating all credit businesses and credit service businesses, ensuring proper conduct and responsible lending practices by industry participants as well as promoting a fair, efficient, and transparent credit industry,' she said.