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Malaysia Issues Commercial Bank Licence To ICBC Of China
KUALA LUMPUR, Nov 20 (Bernama) -- Prime Minister cum Minister of Finance Datuk Seri Najib Tun Razak has approved the issuance of a commercial bank license to Industrial and Commercial Bank of China Ltd (ICBC), the largest commercial bank in the People's Republic of China.

Maybank Targets RM100 Million For 1Malaysia Momentum Structured Deposit
KUALA LUMPUR, Nov 19 (Bernama) -- Malayan Banking Bhd (Maybank) has launched a capital protected investment plan called 1Malaysia Momentum Structured Deposit (M3), with a target fund size of RM100 million.

Bank Rakyat Allocates RM13 Billion For Aslah Personal Financing-i
KUALA LUMPUR, Nov 19 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has set aside an allocation of RM13 billion for its Aslah Personal Financing-i next year, its chief executive officer, Datuk Kamaruzaman Che Mat said.

Bank Negara Appoints Norzila Abdul Aziz As Assistant Governor
KUALA LUMPUR, Nov 19 (Bernama) -- Bank Negara Malaysia has announced the appointment of Norzila Abdul Aziz as an Assistant Governor, effective Nov 1.

World Bank Projects 5.6 GDP Growth For Malaysia In 2011
KUALA LUMPUR, Nov 18 (Bernama) -- The World Bank has projected a 5.6 per cent gross domestic product (GDP) growth for Malaysia in 2011 and 5.9 per cent growth in 2012.

RHB Capital's3rd Quarter Pre-tax Profit Down 8.69 Per Cent Y-O-Y To RM446.246 Million
KUALA LUMPUR, Nov 18 (Bernama) -- RHB Capital Bhd has reported that its pre-tax profit for the third quarter ended Sept 30, 2009 fell 8.69 per cent to RM446.246 million from RM488.732 million in the corresponding quarter last year.

Credit Tips-Off Agency Bill 2009 Tabled In Parliament
KUALA LUMPUR, Nov 18 (Bernama) -- Amid myriad of reactions and protests from various quarters on the actions of credit reference agencies, particularly Credit Tips Off Sdn Bhd (CTOS) exposing information of people intending to take bank loans, the Credit Tips-Off Agency Bill 2009 was finally tabled in Parliament Wednesday.

Tabung Haji, IDB Cooperate For Qurban Activities
MECCA, Nov 18 (Bernama) -- The cooperation between Tabung Haji and the Islamic Development Bank (IDB) based in Jeddah will facilitate Qurban (sacrifice) activities for Malaysian pilgrims during Hari Raya Aidil Adha at the end of the month.

WIBC To Look For Strategies To Focus On New Economic Realities
KUALA LUMPUR, Nov 18 (Bernama) -- As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, more than 1,200 industry decision-makers from over 50 countries including Malaysia, are preparing to meet in Bahrain at the 16th Annual World Islamic Banking Conference (WIBC 2009).

BSN Expects Customer Base To Grow By 10 Per Cent
KUALA LUMPUR, Nov 17 (Bernama) -- Bank Simpanan Nasional (BSN) expects its customer base to grow by 10 per cent from 7.5 million with the launch of Internet banking services next year, general manager and chief executive officer Datuk Adinan Maning said Tuesday.

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Bank Muamalat Bags Language Prize In Conjunction With National Language Month
Help Ensure Nation's Position As Leading Takaful Provider Remains Intact: Ahmad Husni

 
MAA Takaful Wins "Most Outstanding Takaful Product" Award

 

STMB To Restructure Its Indonesia Unit
Takaful Insurers Urged To Keep Premium Rates Low To Create Better Demand

 
Takaful IKHLAS Volunteers Provide Humanitarian Aid To Padang Quake Victims

CLOSING, FRIDAY, NOV 20
US 3.3840/3870
S'pore 2.4348/4430
100 Yen 3.8065/8103
Sterling 5.6141/6204
Euro 5.0405/0460
Source: Bank Negara Malaysia

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