1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB Bank) have partnered with Credit Guarantee Corporation Malaysia Bhd (CGC) to offer an additional RM1.5 billion in financing through a portfolio guarantee scheme for small and medium-sized enterprises (SMEs).
1y ago
KUALA LUMPUR, Oct 1 (Bernama) -- A softer economic downturn and interest rate cuts could create favourable conditions for investing in preferred securities, particularly in electric utilities and regional banks, according to Manulife Investment Management (M) Bhd.
1y ago
KUALA LUMPUR, Oct 1 (Bernama) – OCBC Bank has appointed George Lee Lap Wah as the chairman of OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd (OCBC Al-Amin) effective today.
1y ago
KUALA LUMPUR, Sept 30 (Bernama) -- BUSINESSNEXT, a global leader in composable enterprise solutions for financial services, has partnered with New York-based MongoDB to accelerate autonomous operations powered with specialised predictive and generative artificial intelligence (Gen AI) for banking and insurance.
1y ago
KUALA LUMPUR, Sept 30 (Bernama) -- Amanah Saham Nasional Bhd (ASNB) has declared a total income distribution of RM837.89 million for Amanah Saham Malaysia 3 (ASM 3), benefitting 650,487 unitholders who currently own 17.64 billion units for the financial year ended Sept 30, 2024 (FY2024).
1y ago
JAKARTA, Sept 28 (Bernama) -- The renewal of the Local Currency Bilateral Swap Agreement (LCBSA) between Malaysia and Indonesia enables the exchange of local currencies between Bank Negara Malaysia (BNM) and Bank Indonesia (BI) with a value amounting to RM24 billion or IDR82 trillion for five years.
1y ago
SHAH ALAM, Sept 27 (Bernama) -- Bank Islam Malaysia Bhd has launched the Mastercard Inspire Credit Card-i, a new shariah-compliant credit card designed for young professionals.
1y ago
KUCHING, Sept 27 (Bernama) -- The state government will not interfere in the business operations of Affin Bank, despite becoming its largest shareholder, said Sarawak Premier Tan Sri Abang Johari Tun Openg.
1y ago
KUALA LUMPUR, Sept 27 (Bernama) -- The Sarawak state government, through its wholly-owned subsidiary, SG Assetfin Holdings Sdn Bhd, has finalised the share purchase agreement (SPA) of Affin Bank shares from Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd.
1y ago
By Karina Imran
KUALA LUMPUR, Sept 26 (Bernama) -- Bursa Malaysia closed marginally lower on Thursday on profit-taking after previous strong gains, bucking the regional trend, an analyst said.
1y ago
KUALA LUMPUR, Sept 26 (Bernama) -- Absolute poverty increased from 2019 to 2022, especially among urban households, rising to 4.5 per cent in 2022 from 3.8 per cent in 2019, according to a Khazanah Research Institute (KRI) report.