AmBank (M) Berhad (AmBank) continues to step up its digital strategy by opening up its wide merchant network to accept Digi’s vcash QR code as an additional payment service. This ‘e-payment partnership’ with Digi Telecommunications Sdn Bhd (Digi) takes on a two-pronged approach. Firstly, AmBank’s merchant point-of-sale (POS) terminals will be enabled to accept vcash QR code transactions. What this means is that vcash users can pay for their transactions via Digi’s vcash mobile app. vcash users only need to scan the QR code to pay.

Secondly, Digi will be signing up small and mid-sized enterprise (SME) merchants under the Master Merchant programme with AmBank. This will translate to more merchants accepting vcash payments, while growing AmBank’s merchant base.

Labuan International Business and Financial Centre (Labuan IBFC) won the best Asian Domicile award at the inaugural Asia Captive Review Awards 2018 held on Aug 1.

The Awards recognise and reward service providers, captive owners and risk management professionals for their exceptional services and approaches to captive insurance in the Asia region while the Asian Domicile category is awarded to the jurisdiction that demonstrates the highest standards of regulation, accessibility, efficiency and commitments in promoting the captive insurance business in the region.

CIMB Thai Bank, as the sole financial advisor and Krungthai Bank, as the co-lender, recently celebrated the success of Singha Estate Plc.’s (“Singha Estate”) USD 310 million hotel acquisition deal. The collaboration is a testament of Singha Estate’s confidence in CIMB Thai and Krungthai Bank’s financial and business management excellence.

Singha Estate CEO said the deal is part of the company’s strategic investment approach of Smart M&A, which was another step by the company towards becoming a full-fledged premier property development and investment holding company.