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Bank Islam reduces rates by 25 basis points

KUALA LUMPUR, Jan 25 -- Bank Islam Malaysia Bhd will revise its Base Rate (BR) and Base Financing Rate (BFR) following Bank Negara Malaysia’s (BNM) decision to reduce the Overnight Policy Rates (OPR) by 25 basis points to 2.75 per cent from three per cent. 


RHB lowers base rate and base lending rate by 25 basis points

KUALA LUMPUR, Jan 24 — RHB Banking Group has revised its Base Rate (BR) and Base Lending Rate (BLR) downwards by 25 basis points effective 29 Jan 2020, in line with the reduction in the Overnight Policy Rate (OPR) by Bank Negara Malaysia.


Kenanga Investment Bank issues maiden put warrant

KUALA LUMPUR, Jan 20 -- Kenanga Investment Bank Bhd (Kenanga) is issuing latest batch of 12 structured warrants, including the only single-stock put warrant currently on the market.


Bank Islam eyes 15 pct rise in foreign remittance volume via swift gpi service

KUALA LUMPUR, Jan 19 -- Bank Islam Malaysia Bhd aims to achieve at least a 15 per cent increment in foreign remittance volume within the next 12 months with the implementation of the SWIFT Global Payment Innovation (gpi) service.


HSBC Malaysia expects its business banking to be growth engine

KUALA LUMPUR, Jan 16 -- HSBC Bank Malaysia Bhd expects to achieve significant growth for its business banking segment via facilitating small and medium enterprises (SME) with a new enhanced proposition.


Maybank IB upgrades construction sector to 'positive'

KUALA LUMPUR, Jan 14  -- Maybank Investment Bank Bhd’s research arm, Maybank IB Research has upgraded its view on Malaysia’s construction sector to 'positive’ on the expectation of a pick up in job awards this year.


Ringgit to strengthen towards 4.00 vs US dollar by end-2020 - economists

KUALA LUMPUR, Jan 9 -- The ringgit is expected to strengthen further towards 4.00 versus the US dollar by end-2020, despite negative headwinds and near-term volatility.


Domestic demand to support Malaysia's 2020 growth - Alliance DBS

KUALA LUMPUR, Jan 6 -- While external headwinds and uncertainties remain, Alliance DBS research sees Malaysia’s 2020 growth to be supported by domestic demand - private expenditure, and the manufacturing and services sectors.


Preparing financial institutions on climate change impact - BNM

KUALA LUMPUR, Jan 5  -- Climate change is fast becoming a material source of structural change that has or may have a significant impact on the financial system and the wider economy.


BNM to issue up to 5 digital bank licences

KUALA LUMPUR, Dec 27 -- Up to five licences may be issued to qualified applicants to establish digital banks to conduct either conventional or Islamic banking business in Malaysia.


Bank Islam eyes 15 pct rise in foreign remittance volume via swift gpi service
Malaysia eyes opportunity to send Islamic banking graduates to work abroad

 
Islamic finance set to be greater contributor to planet, people, prosperity - Sultan Nazrin

Etiqa urges policyholders to update beneficiary details
Capital Life Insurance Company Limited credit ratings withdrawn - AM Best

 
Zurich Malaysia partners DoctorOnCall for digital healthcare services

CLOSING, TUESDAY, JAN 28
US4.0840/0870
S'pore3.0052/0076
100 Yen3.7526/7557
Sterling 5.3210/3258
Euro4.4985/5035
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
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