News & Events

Malaysia’s Sunway Healthcare made a strong debut on the stock market, with its shares jumping 28% on the first day after raising $732 million in the country’s biggest IPO in nearly a decade. The stock opened above its offer price and closed significantly higher, reflecting strong investor demand.

The company is one of Malaysia’s leading private healthcare providers, which operates major hospitals, including Sunway Medical Centre in Kuala Lumpur. Its successful listing has helped Malaysia lead Southeast Asia in IPO proceeds this quarter.

The strong performance stands out against a mixed trend in other Asian markets, where some recent listings have struggled due to global uncertainties.

Read the original article here: https://www.msn.com/en-us/money/other/sunway-healthcare-jumps-28-on-debut-after-malaysias-biggest-ipo-in-almost-a-decade/ar-AA1YTGwO?ocid=BingNewsVerp

Mastercard is buying a London crypto startup called BVNK for up to $1.8 billion—the biggest stablecoin deal ever. About $300 million of that is tied to future milestones, with the purchase wrapping up by year-end.

BVNK, started in 2021, helps businesses handle payments, international transfers, and treasury stuff using stablecoins. The deal came after rocky on-off talks where Coinbase almost snapped them up for $2 billion last November, but it fell through.

Read the original article here: https://www.msn.com/en-us/money/other/mastercard-to-acquire-crypto-startup-bvnk-for-up-to-1-8-billion-in-largest-stablecoin-deal-to-date/ar-AA1YPK4H?ocid=BingNewsVerp

Pakistan has passed the Virtual Assets Act 2026, with the Senate approving it on February 27, the National Assembly on March 3, and President Asif Ali Zardari signing it into immediate effect. This creates the Pakistan Virtual Assets Regulatory Authority (PVARA) with full power to license, regulate, and supervise exchanges, custodians, brokers, and token issuers nationwide, enforcing compliance and market conduct standards.

Binance and HTX received No Objection Certificates to begin AML registration (local subsidiaries needed for full licenses); unlicensed activity risks 5 years in jail or Rs. 50M fines, plus bans on manipulation/insider trading and FATF-aligned AML/CTF rules.

It includes a Shariah Advisory Committee for Islamic compliance. The government is also pursuing a Bitcoin reserve, allocating 2,000 MW surplus power for mining/AI data centers, and inked an MOU with Trump-linked World Liberty Financial for stablecoin cross-border payments.

Read the original article here: https://blockonomi.com/pakistan-enacts-virtual-assets-act-2026-sets-crypto-rules/