The Government has good intentions in introducing property crowdfunding initiative, the first such financial innovation in the world, but proper studies need to be carried out, said the Council of Eminent Persons Chairman Tun Daim Zainuddin.

He said the peer-to-peer (P2P) home financing initiative, announced by Finance Minister Lim Guan Eng during the 2019 Budget tabling recently, was something new.

To build strong businesses, regulators need to put in place an effective oversight of business activities.

Speaking at the annual Asian Roundtable on Corporate Governance (ARCG) yesterday, Securities Commission Chairman Datuk Syed Zaid Albar says there is growing awareness amongst governments and regulators that sustainable economic growth requires a proactive regulatory approach.

Can you imagine an app that allows you to sell your old phone anytime, anywhere in less than 60 seconds, and you get paid instantly?

Sounds too good to be true, doesn’t it? But it isn’t!