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RHB Appoints New Group Chief Economist

KUALA LUMPUR, Jan 17 (Bernama) -- Dr Arup Raha has been appointed Chief Economist and Head of Research at RHB Banking Group, replacing Lim Chee Sing, who retired in June last year.

Bank Muamalat Joins Global Alliance For Banking On Values

KUALA LUMPUR, Jan 15 (Bernama) -- Bank Muamalat Malaysia Bhd (BMMB) has become a member of The Global Alliance for Banking on Values (GABV), a network of the world's leading value-based banks. 

Maybank Islamic Partners MAIPk To Improve Perak Socio-economy

KUALA LUMPUR, Jan 5 (Bernama) -- Maybank Islamic Bhd has signed a Waqf Development Fund joint-venture agreement with Perak Islamic Religion and Malay Customs Council (MAIPk) to develop the state's waqf (endowment) boat project.

RAM Ratings Withdraws AmBank Islamic's Issue Rating

KUALA LUMPUR, Jan 5 (Bernama) -- RAM Ratings recently received confirmation that AmBank Islamic Bhd had fully redeemed and cancelled its RM2 billion Subordinated Sukuk Musyarakah Programme (2011/2026).

Ram Ratings Reaffirms Maybank Islamic's AAA/Stable/P1 Ratings

KUALA LUMPUR, Jan 5 (Bernama) -- RAM Ratings has reaffirmed Maybank Islamic Bhd's financial institution ratings at AAA/Stable/P1.

BNM Acquires Land From Govt For Rm2 Billion

KUALA LUMPUR, Jan 4 (Bernama) -- Bank Negara Malaysia (BNM) has acquired 22.58 hectares of land from the government, for RM2 billion, to be utilised for the relocation of the Global Islamic Finance University and the International Shari’ah Research Academy for Islamic Finance.

BNM: International Reserves As At End-Nov Remains Usable

KUALA LUMPUR, Dec 29 (Bernama) -- The detailed breakdown of international reserves under the International Monetary Fund's Special Data Dissemination Standard (IMF SDDS) format indicated that as of end-November, the country's reserves remained usable, said Bank Negara Malaysia (BNM).

BNM International Reserves At US$102.2 Billion

KUALA LUMPUR, Dec 22 (Bernama) -- Bank Negara Malaysia's (BNM) international reserves amounted to US$102.2 billion (RM431.6 billion) as at Dec 15, 2017 compared with US$101.9 billion (RM430.4 billion) as at Nov 30, 2017.

AmBank Eyes 15 Pct Contribution From Priority Segment

KUALA LUMPUR, Dec 8 (Bernama) -- AmBank (M) Bhd aims to grow the share from its priority banking segment to 15 per cent of total retail contribution by 2019, from the current 5-10 per cent.

International Reserves At US$101.9 Bln As Of Nov 30, 2017

KUALA LUMPUR, Dec 7 (Bernama) -- Bank Negara Malaysia's (BNM) international reserves amounted to US$101.9 billion (RM430.4 billion), as at Nov 30, 2017 compared with US$101.5 billion (RM429 billion) recorded on Nov 15, 2017.

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RAM Ratings Withdraws AmBank Islamic's Issue Rating
Ram Ratings Reaffirms Maybank Islamic's AAA/Stable/P1 Ratings

 
BNM Acquires Land From Govt For Rm2 Billion

MSIG Insurance Introduces Pet Insurance Plans
Jirnexu Expects Digital Insurance To Contribute 25-30 Pct To Its Growth

 
RAM Ratings Reaffirm Malaysian Reinsurance's AA2/stable/P1 IFS Ratings

OPENING, THURSDAY, JAN 18
US 3.9625/9655
S'pore 2.9888/9917
100 Yen 3.5596/5629
Sterling 5.4754/4811
Euro 4.8303/8351
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 Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
 

 
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