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UOB To Expand Operations In Vietnam

KUALA LUMPUR, July 21 (Bernama) -- United Overseas Bank Ltd (UOB), the parent company of United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is expanding its support for businesses and consumers in Vietnam and its regional clients investing in the country.

Ambank Bags Seven Awards At The Asset Triple A Islamic Finance Awards 2017

KUALA LUMPUR, July 20 (Bernama) --AmBank Group bagged seven awards at the recent "The Asset Triple A Islamic Finance Awards 2017", held on July 11.

Co-opbank Persatuan Aims†high To†Complement Banking Industry

By Siti Zafirah Mohamad Kamal

KUALA LUMPUR, July 14 (Bernama) -- Koperasi Co-opbank Persatuan Malaysia Bhd (Co-opbank Persatuan) which has 20 branches under its wing, has set a strategy to be more visible by emphasising the role of co-operative bank in complementing other financial institutions in the banking industry.

Bank Islam Wins 'Best Islamic ESG Bank' Award

KUALA LUMPUR, July 13 (Bernama) -- Bank Islam Malaysia Bhd has won the ?Best Islamic Environmental, Social and Governance (ESG) Bank' at the recent The Asset Triple A Islamic Finance Awards 2017 here.

Bank Muamalat Eyes RM250 Million Gold Bar Sales In FY18

KUALA LUMPUR, July 12 (Bernama) -- Bank Muamalat Malaysia Bhd is targeting to sell 580 kilogramme (kg) of physical minted gold bars worth RM250 million through its latest product, Muamalat Gold-i (MGi) Account, for its financial year (FY) ending March 31, 2018.

Belt And Road Initiative To Give Important Financial Implications For Investors -- HSBC

KUALA LUMPUR, July 11 (Bernama) -- China's Belt and Road Initiative, which focuses on physical infrastructures like railway lines, ports and highways, has important financial implications for investors in Malaysia, said HSBC Bank (M) Bhd.

MBSB-AFB Merger To See Smaller M'sian Islamic Banks Face Stiffer Deposit Competition: Moody's

SINGAPORE, July 11 (Bernama) -- If the merger between Malaysia Building Society Bhd (MBSB) and Asian Finance Bhd (AFB) is successful, competition for deposits among smaller Islamic banks in Malaysia will intensify, says Moody's Investors Service.

BNM Monetary Policy Likely To Remain Unchanged

KUALA LUMPUR, July 10 (Bernama) --Bank Negara Malaysia (BNM) is expected to leave the country's monetary policy unchanged, said an analyst.

Budget Deficit Target To Remain Intact - RHB Research

KUALA LUMPUR, June 30 (Bernama) -- The government is still on track to achieve its budget deficit target of three per cent of gross domestic product in 2017 (-3.1 per cent in 2016), said †RHB Research Institute Sdn Bhd†.

Affin Hwang AM Declares Income Distributions Of RM106.65 Mln For 20 Funds

KUALA LUMPUR, June 23 (Bernama) -- Affin Hwang Asset Management Bhd (Affin Hwang AM) has declared a total of RM106.65 million in distributions for 20 funds.

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Affin Bank, Affin Islamic Appoint New Chairmen
CCMD Signs Islamic Financing, Multi-trade Facilities With AmBank Islamic Worth RM280 Million

 
Bank Islam Appoints Khairul CEO

AmMetLife Takaful Gets BNM Nod For Appointment Of Noor Azam As CEO
Syarikat Takaful Malaysia Posts Higher Q2 Pre-tax Profit

 
Allianz Stops RM5.6 Mln Of Fake Insurance Claims

CLOSING, TUESDAY JULY 25
US 4.2800/2840
S'pore 3.1431/1472
100 Yen 3.8399/8446
Sterling 5.5696/5761
Euro 4.9879/9934
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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