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Tekun Nasional and Public Gold formalise partnership

KUALA LUMPUR, July 13 (Bernama) -- The National Entrepreneurial Group Economic Fund†(TEKUN Nasional) and Public Gold Marketing Sdn Bhd (Public Gold) have partnered to broaden the†latter's gold product distribution channel through Ar-Rahnu†TEKUN.

BNM, DBP promote usage of national language in financial sector

KUALA LUMPUR, July 12 (Bernama) --The central bank together with Dewan Bahasa dan Pustaka (DBP) recently organised the 10th ''Pertandingan Pidato antara Institusi Kewangan Piala Gabenor Bank Negara Malaysia'' to enhance, promote and implement the usage of the national language in the financial industry.

Kenanga expects BNM to maintain 3.25 pct OPR until year end

KUALA LUMPUR, July 12 (Bernama) --Kenanga Investment Bank Bhd expects Bank Negara Malaysia (BNM) to hold its Overnight Policy Rate (OPR) at 3.25 per cent until the end of the year on supportive economic growth.

Bank Negara Malaysia maintains OPR at 3.25 pct

KUALA LUMPUR, July 11 (Bernama) -- Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 3.25 per cent after the two-day Monetary Policy Committee (MPC) meeting which ended today.

BMMB targets 5-10 pct increase in gold savings account deposit this year

KUALA LUMPUR, July 10 (Bernama) --†Bank Muamalat†Malaysia Bhd†(BMMB) targets a 5 to 10 per cent increase in its gold savings account deposit this year, representing†an increase of RM110 million†compared to RM90†million last year.

Bank Rakyat forges cooperation to promote education Financing-I

KUALA LUMPUR, July 9 (Bernama) -- Bank Rakyat signed a Memorandum of Understanding (MoU) with Universiti Malaysia Pahang (UMP), AKATI Consulting (M) Sdn Bhd, Admal Aviation College and Kolej Poly-Tech MARA (KPTM) for prospective students to finance their higher education studies.

BNM expected to keep OPR at 3.25 pct

KUALA LUMPUR, July 9 (Bernama) --Standard Chartered Global Research (StanChart) expects the Bank Negara Malaysia (BNM) to keep the overnight policy rate on hold at 3.25 per cent at the fourth Monetary Policy Committee meeting on July 11 and maintain a neutral stance.

As-Salihin's portal beneficial to consultants and agents

PETALING JAYA, July 5 (Bernama) -- In keeping with the times and a paperless movement, Islamic estate planning company, as-Salihin Trustee Berhad, launched the Islamic Estate Planner (IEP) portal today which will help consultants and agents put together documents and submit client applications with ease.

Hong Leong Bank allocates RM115 mln for digital expansion

KUALA LUMPUR, July 4 (Bernama) -- Hong Leong Bank Bhd has allocated RM115 million or 50 per cent of its capital expenditure (capex) to improve the bankís offerings on the digital platform in the financial year ending June 30, 2019.

Maybank Islamic wins Islamic Bank of the year award

KUALA LUMPUR, July 3 (Bernama) -- Maybank Islamic Bhd has been named the Asia-Pacific winner of The Banker's Islamic Bank of the Year in 2018, on top of recognition and accolades in the country awards category for Malaysia.

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Maybank Islamic wins Islamic Bank of the year award
GST ends on AIBIM Bank services & products

 
RHB Islamic Bank CEO is new AIBIM President

AmGeneral eyes 2-3 pct growth in premium in FY19
LIAM seeks govt support on insurance penetration

 
LIAM urges more operator participation to help B40

MIDDAY, MONDAY, JULY 16
US 4.0470/0500
S'pore 2.9655/9688
100 Yen 3.5973/6010
Sterling 5.3574/3626
Euro 4.7285/7324
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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