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Lim tells banks to be more flexible in lending

KUALA LUMPUR, March 19 (Bernama) -- "Be flexible, unless you prefer windfall tax," says Finance Minister Lim Guan Eng to the banks today.


Agrobank eyes loan growth of RM1.2 bln for FY19

KUALA LUMPUR, March 15 (Bernama) — Agrobank, formerly known as Bank Pertanian Malaysia Bhd, targets loan growth of RM1.2 billion for the financial year ending Dec 31, 2019 (FY19).


BIMB invest aims to increase global shariah equity fund to RM1 bln this year

KUALA LUMPUR, March 13 (Bernama) -- Bank Islam Malaysia Bhd’s unit, BIMB Investment Management Bhd (BIMB Invest) aims to increase the size of its global shariah-environmental, social and governance (ESG) equity fund, BIMB-Arabesque i Global Dividend Fund 1 (BigDF1), to RM1 billion this year from RM800 million at present.


Alliance Islamic Bank aims to maintain double-digit growth

By Sharifah Pirdaus Syed Ali

KUALA LUMPUR, March 10 (Bernama) -- Alliance Islamic Bank Bhd (AIS) expects to maintain its double-digit growth for the financial year ending March 31, 2019, (FY19) and sustain the momentum into FY20.


CIMB embarks on new 5-year plan to future proof business

KUALA LUMPUR, March 8 (Bernama) -- CIMB Group is embarking on its next transformational growth phase under a five-year blueprint called “Forward23” which aims to capture the opportunities of the evolving banking landscape and future proof its business.


Ringgit to weaken to 4.15 level against US Dollar

KUALA LUMPUR, March 6 (Bernama) – The ringgit is expected to weaken to 4.1500  against the US dollar by year-end as the local note is vulnerable to China’s economic growth, said an analyst.


Bank Negara maintains OPR at 3.25 pct

The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM), at its meeting today, has decided to maintain the Overnight Policy Rate (OPR) at 3.25 per cent.


Bank Muamalat targets 450,000 M-Jannah members in 2019

Bank Muamalat Malaysia Bhd aims to register 450,000 members of M-Jannah, a 24-hour Muslim funeral arrangement, nationwide this year.


Financial institutions' sterling performance boosts investor confidence

By Harizah Hanim Mohamed

KUALA LUMPUR, March 1 (Bernama) -- The sterling performance of Malaysia’s commercial banks and financial institutions in 2018, with some hitting record profits, is a shot in the arm to boost confidence in corporate earnings growth as the sector plays an important role in the financial system and the economy. 


PIAM expects slower growth in 2019

KUALA LUMPUR, Feb 28 -- The General Insurance Association of Malaysia (PIAM) expects the general insurance industry growth this year to be slower or almost similar to its 2018 pace at 1.5 per cent following lack of catalysts moving forward.


Alliance Islamic Bank aims to maintain double-digit growth
King's scholarship programme opens for application

 
Instill investor confidence to sustain growth, says Wahid Omar

Takaful protection value to hit RM400 bln by year-end
Life Insurance records moderate growth in 2018 - LIAM

 
Zurich appoints Mukesh as ZTMB CEO effective March 1

CLOSING, TUESDAY, MAR 19
US4.0750/079
S'pore3.0170/0204
100 Yen3.6613/6659
Sterling5.4079/4149
Euro4.6268/6321
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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