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More Information Security Experts Needed, Says CyberSecurity Malaysia
KUALA LUMPUR, Feb 9 (Bernama) -- Although Internet banking cybercrimes are still at a manageable level, the country still needs to produce more information security experts, according to CyberSecurity Malaysia.

Maybank Expects OPR To Rise 50 To 70 Basis Points
KUALA LUMPUR, Feb 9 (Bernama) -- Maybank expects the overnight policy rate (OPR) to increase between 50 and 70 basis points this year in line with signs of an improving economy, its president and chief executive officer, Datuk Seri Abdul Wahid Omar said.

Bank Negara Raids STG For Suspected Illegal Deposit Taking
KUALA LUMPUR, Feb 9 (Bernama) -- Bank Negara Malaysia has commenced investigations into Semangat Teknologi Gagah Sdn Bhd (STG) and its related companies on suspicion of conducting illegal deposit taking.

Maybank's H1 Pre-Tax Profit Up 38.8 Per Cent To RM2.55 Billion
KUALA LUMPUR, Feb 9 (Bernama) -- Malayan Banking Bhd's (Maybank) pre-tax profit for the first half year ended Dec 31, 2009 rose 38.8 per cent to RM2.556 billion from RM1.842 billion in the previous corresponding period.

Time For Asian Currencies To Start 'Roaring'
KUALA LUMPUR, Feb 9 (Bernama) -- It is about time for Asian currencies, especially the Chinese Yuan that has been pegged to the US Dollar, to start "roaring" as the region takes charge in leading the global economic recovery.

HLBB Cannot Maintain Offer To EONCap As Board Has Rejected It
KUALA LUMPUR, Feb 8 (Bernama) -- Hong Leong Bank Bhd (HLBB) says it is unable to consider the request to maintain its RM4.9 billion acquisition offer for EON Capital Bhd (EONCap) from two major shareholders.

Mastercard Registers Double Digit Growth For APMEA Region
KUALA LUMPUR, Feb 8 (Bernama) -- MasterCard Incorporated, a payment solutions developer and marketer, has posted a strong full year result for the Asia Pacific, Middle East and Africa (APMEA) region.

OSK-UOB Unit Trust Increases Fund's Size
KUALA LUMPUR, Feb 8 (Bernama) -- OSK-UOB Unit Trust Management Bhd has increased the size of the OSK-UOB Energy Fund to 600 million units.

OCBC Opens First Islamic Branch In Southern Region
JOHOR BAHARU, Feb 8 (Bernama) -- OCBC Bank (Malaysia) Bhd's Islamic banking subsidiary OCBC AI-Amin Bank Bhd officially opened its first branch in the southern region today, consolidating OCBC's position as a leading banking partner to individuals and businesses in Johor.

EPF Dividend For 2009 Expected To Be Higher
PUTRAJAYA, Feb 7 (Bernama) -- The Employees Provident Fund (EPF) dividend for 2009 is expected to be higher compared to the 4.5 per cent paid out in the previous year.

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Malaysia Needs Vibrant Stock Market For Islamic Finance Growth
Bank Muamalat Willing To Help Bankrupt Parking Attendant

 
CIMB Principal Launches Islamic Global Commodities Equity Fund

 

EON Bank Expects 90 Per Cent Growth In Bancassurance Business This Year
Prudential Eyes Increase In Number Of Agents

 
Takaful Industry To See Steady Growth

CLOSING, TUESDAY, FEB 9
US 3.4340/4390
S'pore 2.4154/4241
100 Yen 3.8339/8407
Sterling 5.3526/3624
Euro 4.7090/7169
Source: Bank Negara Malaysia

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