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Malaysian consumers ready to adopt AI, automation in digital banking
Open Banking allows banks to share data with other organisations in order to offer new services to customers and new revenue streams for the banks. [more]

More Headlines:
Process, product innovations top two focus areas in Malaysian FSI - AIF study
RHB Islamic Bank CEO is new AIBIM President
Free online fund transfers have minimal impact on income - CIMB



Gold futures close lower
By Sharifah Pirdaus Syed Ali KUALA LUMPUR, June 18 (Bernama) -- Gold futures contract on Bursa Malaysia Derivatives closed lower today on profit-booking despite the better performance on US Commodity Exchange's (COMEX) gold market.

KLCI futures contract ends lower
KUALA LUMPUR, June 18 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended lower amid the weaker underlying cash market.

Ringgit closes lower against US Dollar
KUALA LUMPUR, June 18 (Bernama) -- The ringgit reversed its upward momentum on Thursday last week to close lower against the US dollar today, in tandem with other emerging Asian currencies as the greenback firmed to a seven-month high, dealers said.

Ministry Of Finance(MOF)
Bank Negara Malaysia(BNM)
Employees Provident Fund(EPF)
Banking Info
Financial Mediation Bureau (FMB)

GST ends on AIBIM Bank services & products
RHB Islamic Bank CEO is new AIBIM President

Islamic Financial Institutions should adopt IIFM standards

Zero GST for life, general insurance and Takaful products
Takaful Malaysia converts composite licence to single licences

Taiwan's Shinkong Insurance company gets excellent ratings

US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 [tally] 15%
 [tally] 78%
Not sure
 [tally] 7%

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