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Malaysian banks well placed to manage weakening economy, outlook stable

KUALA LUMPUR, May 22 (Bernama) -- Moody's Investors Service says that its outlook for the Malaysian banking system remains stable, as strong loss-absorbing buffers should mitigate a potential rise in credit costs and moderating profitability over the next 12 to 18 months. 


Bank Muamalat fetes underprivileged and physically challenged children

KUALA LUMPUR, May 18 (Bernama) -- Some 210 underprivileged and physically challenged children from non-governmental organisations (NGOs) today joined Bank Muamalat ‘Breakfast & Furious 6’ event held at the Sime Darby Convention Centre, here today.


Ringgit to fall to RM4.20 against the US dollar next week

By Mohd Khairi Idham Amran

KUALA LUMPUR, May 18 (Bernama) -- The ringgit is expected to depreciate to RM4.20 against the US dollar next week on lack of trading due to the public holidays.


Ringgit rose 1.4 pct against US dollar in 1Q 2019 - BNM

KUALA LUMPUR, May 16 (Bernama) -- The ringgit rose 1.4 per cent against the US dollar in the first quarter of 2019 (1Q19), driven mainly by non-resident portfolio inflows at RM13.5 billion, said Bank Negara Malaysia (BNM).


Impact from OPR cut just temporary, says BIMB CEO

BIMB Holdings Bhd (BHB) expects the impact from the recent cut in the overnight policy rate (OPR) to be temporary.


Bank Muamalat lowers base rate, base financing rate

KUALA LUMPUR, May 14 (Bernama) -- Bank Muamalat Malaysia Bhd is reducing its base rate (BR) and base financing rate (BFR) by 25 basis points from 4.06 and 7.06 per cent annually to 3.81 and 6.81 per cent annually, respectively.


RHB Bank aims to disburse up to RM2 bln personal financing this year

KUALA LUMPUR, May 14 (Bernama) – RHB Bank Bhd is aiming to disburse up to RM2 billion in personal financing to eligible borrowers this year.


BNM's decision to cut OPR due to external factors : Research houses

KUALA LUMPUR, May 8 (Bernama) -- Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3.0 per cent yesterday, was due to external factors that have dampened global trade and investments, said research houses of banks.


Ez-Zakat Muamalat facilitates zakat obligation

KUALA LUMPUR, May 7 (Bernama) -- Bank Muamalat Malaysia Bhd has launched the Ez-Zakat Muamalat, a facility to calculate and deduct zakat automatically on savings and current accounts to assist Muslim depositors in fulfilling their obligation.


Bank Rakyat allocates RM200 mln for OGSE vendors

KUALA LUMPUR, May 7 (Bernama) -- Bank Rakyat today announced a RM200 million allocation to assist small and medium enterprises (SMEs) in the oil and gas service and equipment (OGSE) sector through a vendor financing programme. 


Bank Muamalat fetes underprivileged and physically challenged children
Ez-Zakat Muamalat facilitates zakat obligation

 
Use Bank Islam SnapNPay for fast wakaf contribution

Hong Kong’s health insurance sector needs further development - AM Best
Insurance Associations to raise awareness of Perlindungan Tenang

 
Public Mutual launches PB Global Technology and Healthcare Fund

OPENING, THURSDAY, MAY 23
US4.1900/1930
S'pore3.0358/0384
100 Yen3.8032/8070
Sterling5.3004/3058
Euro4.6723/6765
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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