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Ambank, CGC sign portfolio guarantee worth RM2.15 bln since 2015

KUALA LUMPUR, Jan 18 (Bernama) — Ambank (M) Bhd and Credit Guarantee Corporation Malaysia Bhd (CGC) have signed a total of 10 tranches of portfolio guarantee (PG) worth RM2.15 billion since their strategic partnership in 2015.

60 pct of SMEs not aware of Islamic finance facilities -- BNM

KUALA LUMPUR, Jan 14 (Bernama) – Almost 60 per cent of the Small and Medium Enterprises (SMEs) are not aware of the availability of Islamic business financing facilities, said Bank Negara Malaysia (BNM) Assistant Governor, Adnan Zayla­­­ni Mohamad Zahid.

OCBC introduces onelook app for iPhone X customers

We are ever on the lookout for new ways to deliver a simpler, more secure and superior banking experience to our customers.

MIDF, Al Rajhi gets BNM's nod for merger discussions

KUALA LUMPUR, Jan 10 (Bernama) -- Malaysian Industrial Development Finance Bhd (MIDF) has received the green light from Bank Negara Malaysia (BNM) to proceed with negotiations on a proposed merger with Al Rajhi Banking & Investment Corporation (Malaysia) Bhd.

Malaysia sees total foreign outflow of RM11.65 bln

KUALA LUMPUR, Dec 31 (Bernama) -- Malaysia has seen a total foreign net outflow of RM11.65 billion from Bursa Malaysia as at Dec 28, 2018, registering the largest yearly foreign net outflow since 2015, says Malaysian Industrial Development Finance Bhd (MIDF) Amanah Investment Bank Bhd. 

Maybank's indirect subsidiary Rezan to wind up voluntarily

The liquidation of Rezan is in line with the Maybank Kim Eng Holdings Ltd Group’s continual review and rationalisation of costs.

Foreign exchange, labour shortage among main challenges: Homeritz

Fluctuations in US dollar exchange rate will have an impact on the price of imported raw materials as well as export earnings, which will in turn affect the group's profitability.

Economists say too early to institute budget review

By Sharifah Pirdaus Syed Ali

KUALA LUMPUR, Dec 24 (Bernama) -- Economists in general say it is too early to institute any budget review given the fact that crude oil prices still remain uncertain at this juncture.

RAM reaffirms RHB Islamic's AA2/Stable/P1 ratings

KUALA LUMPUR, Dec 21 (Bernama) -- RAM Ratings has reaffirmed the AA2/Stable/P1 financial institution ratings of RHB Islamic Bank Bhd, as well as the AA3/Stable rating of the Bank’s RM5.0 billion Subordinated Sukuk Murabahah Programme (2014/2034).

ABS's trainers receive certified training professional

KUALA LUMPUR, Dec 20 (Bernama) -- Asian Banking School’s (ABS) in-house trainers have been awarded the Certified Training Professional (CTP) certification from the Finance Accreditation Agency (FAA).

60 pct of SMEs not aware of Islamic finance facilities -- BNM
RAM reaffirms RHB Islamic's AA2/Stable/P1 ratings

Standardisation is key for Islamic finance growth - CBB Director

LIAM appoints Mark O' Dell as first CEO
PIDM provides financial consumer protection

AIA Public Takaful supports Race For Cover programme

100 Yen3.7507/7559
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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