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OCBC appoints new chairman
Last update: 03/04/2018

Kuala Lumpur, April 3†(Bernama) --†OCBC Bank (Malaysia) Bhd and†OCBC Al-Amin Bank Bhd have appointed veteran banker Tan Ngiap Joo as the new chairman, effective March 30, 2018.

In a statement today, OCBC†said he has†taken over from Datuk Ooi Sang Kuang, who maintained†his post as†Chairman of the parent company,†Oversea-Chinese Banking†Corporation Ltd (OCBC†Ltd), based in Singapore.

It also said Tan was a long-serving former senior executive of OCBC Ltd in Singapore prior to his retirement in December 2007†.



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US 4.0530/0600
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100 Yen 3.5867/5939
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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?

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