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Digital Banks Must Realign Strategies To Serve B40

By Fatin Umairah Abdul Hamid

KUALA LUMPUR, April 2 (Bernama) -- Digital banks in Malaysia are increasing efforts to reach the underserved B40 group, especially those in rural areas, by integrating banking services into popular platforms and offering attractive incentives to encourage usage.

WEF Highlights Malaysia’s EPF As Model For Sustainable Retirement Reform

KUALA LUMPUR, March 29 (Bernama) -- Malaysia’s approach to retirement system reform by the Employees Provident Fund (EPF) has been cited by the World Economic Forum (WEF) as a model for building long-term retirement systems in an emerging economy.  

Maybank Eyes Growth As Malaysia Assumes ASEAN Chair, Strengthens Regional Presence

KUALA LUMPUR, March 26 (Bernama) -- Malayan Banking Bhd (Maybank) will tap fully growth opportunities that arise as Malaysia assumes the ASEAN chairmanship this year, especially in areas of sustainability, transition finance, and micro, small, and medium-sized enterprises (MSMEs).

Islamic Financing To Maintain 8.0 Pct Growth In 2025 – RAM Ratings

KUALA LUMPUR, March 26 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) expects Islamic financing to expand at a steady eight per cent growth rate in 2025 despite global challenges and uncertainties.

PAMB Reaffirms Commitment To BNM interim Measures

KUALA LUMPUR, March 25 (Bernama) -- Prudential Assurance Malaysia Bhd (PAMB) has reaffirmed its commitment to Bank Negara Malaysia’s (BNM) interim measures despite recent reports that it is increasing health insurance premiums.

Selected Retail E-Payment Transactions Reach RM698.1 Bln In 2024

KUALA LUMPUR, March 24 (Bernama) – Electronic payment (e-payment) recorded high growth last year, with the total value of selected retail e-payment transactions increasing by 17 per cent to reach RM698.1 billion, according to Bank Negara Malaysia (BNM).

Bank Deposits Growth Slows To 3 Percent In 2H 2024 On Rising Costs, Debt Repayment - BNM

KUALA LUMPUR, March 24 (Bernama) -- Banking system deposits grew at a slower pace of three per cent in the second half of 2024 (2H 2024), driven by the slower growth of deposits from resident businesses, partly due to higher costs and debt repayment.

Life Insurance, Takaful Funds See Profit Decline In 2h 2024 Amid Weaker Investment, Rising Medical Payouts

KUALA LUMPUR, March 24 (Bernama) -- The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024’s RM8.4 billion due to weaker investment performance and larger net underwriting losses.

CGTN: Chinese President Highlights Yunnan's "Flower Economy", Cultural Tourism During Visit

KUALA LUMPUR, March 21 (Bernama) -- On a recent tour of southwest Yunnan Province, Chinese President Xi Jinping visited the Lijiang Modern Flower Industrial Park, an epitome of China's efforts to advance rural revitalisation.

Qube Announces Inaugural Sea Healthcare And Pharma Conference 2025 In April

KUALA LUMPUR, March 21 (Bernama) -- Qube Integrated Malaysia Sdn Bhd, the organiser of SEACare 2025, has announced the inaugural SEA Healthcare and Pharma Conference 2025 taking place from April 23 to 25 at the Malaysia International Trade and Exhibition Centre (MITEC).

RAM Ratings Maintains Stable Outlook On Malaysian Banking Sector For 2025

KUALA LUMPUR, March 21 (Bernama) -- RAM Rating Services Bhd (RAM Ratings) has maintained a stable outlook on the Malaysian banking sector in 2025 despite external pressure.

ITMAX Secures Strategic Foothold To Offer Smart City, AI Solutions In Penang – HLIB

KUALA LUMPUR, March 20 (Bernama) -- With a new contract in hand, ITMAX Bhd has secured a strategic foothold to offer its full range of smart city and artificial intelligence (AI) solutions in Penang, as the state embarks on its smart city transformation, Hong Leong Investment Bank (HLIB) said today.