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Retailers not permitted to impose surcharges for payments using debit, credit cards - BNM

KUALA LUMPUR, March 21 (Bernama) -- Retailers are not permitted to impose surcharges for payments using debit cards under the Payment Card Reform Framework and a similar prohibition is applied for credit card payments under the rules of international card schemes such as Visa and Mastercard under the Payment Card Reform Framework, said Bank Negara Malaysia (BNM).

BNM to launch VBI scorecard in October

The scorecard comprises†both quantitative and qualitative elements that measure the different segments in the Islamic financial sector.

Affinbank, ABS collaborate on operational risk programme

KUALA LUMPUR, March 19 (Bernama) -- AFFINBANK Group (AFFIN) is collaborating with the Asian Banking School (ABS) for a customised programme on operational risk review, and scenario analysis awareness and implementation.

AmBank Islamic on track to achieve higher loans growth

KUALA LUMPUR, March 15 (Bernama) -- AmBank Islamic Bhd is on track to achieve a slightly higher loans growth than the industry's average of between four per cent and five per cent for the financial year ending March 31, 2018.

Ringgit expected to surge to 3.80 in near term - PM

IPOH, 15 Mac (Bernama) -- The ringgit is expected to surge to 3.80 against the US dollar in the near term, Datuk Seri Najib Tun Razak said.

Islamic Finance set to extend growth, says Moody's

KUALA LUMPUR, March 14 (Bernama) -- The growth of the Islamic finance sector will continue to outstrip that of conventional assets across core Islamic finance markets in coming years, as demand for Shari'ah-compliant financial instruments rises, said Moody's Investors Service(Moody's).

BNM cautions public on cryptocurrency platform

Digital currencies are not legal tender in Malaysia.

Sarawak CM Wants A Strong, Effective, Efficient Petros

KUCHING, March 7 (Bernama) -- Sarawak Chief Minister, Datuk Patinggi Abang Johari Tun Openg wants Petroleum Sarawak Bhd (Petros), to be strong, effective and efficient in performing its mandated role in the oil and gas (O&G) industry.

700 Firms Get MDV Financing Amounting To RM11.2 Billion

KUALA LUMPUR, Feb 28 (Bernama) -- Malaysia Debt Ventures Bhd (MDV) has to-date financed over 700 companies with disbursements amounting to RM11.2 billion since its inception in 2002 to enable them to complete and deliver more than 800 projects in various technology areas.

OCBC Malaysia Introduces High Net Worth Individual Category

KUALA LUMPUR, March 5 (Bernama) -- OCBC Bank (Malaysia) Bhd has introduced a distinct high net worth individual (HNWI) category to its Premier Banking platform, in aiming to attract those with assets under management (AUM) of RM3 million and above.

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AmBank Islamic on track to achieve higher loans growth
CIMB Enhances Malaysia-Singapore Cross-border Banking For Customers


Credit ratings of Energas Insurance, stable - A.M. Best
Allianz offers free GPA coverage to FinTech start-ups

A.M Best Affirms Credit Ratings Of BNZ Life Insurance

US 3.9110/9140
S'pore 2.9732/9771
100 Yen 3.7290/7333
Sterling 5.5208/5254
Euro 4.8223/8271
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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