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Malaysians unable to keep up with EPF spending guide: iMoney

KUALA LUMPUR, April 4 (Bernama) -- Malaysians are unable to keep up with the Employees Provident Fund’s (EPF) "Belanjawanku Expenditure Guide", with the challenges lying in low incomes and high housing costs, said

Malaysia mulls integrating halal industry, Islamic trade finance

KUALA LUMPUR, April 3 (Bernama) -- The halal industry and Islamic or shariah trade finance need to be integrated in order to increase the Islamic global trade activity.

Malaysia still lacks licensed financial planners -FPAM

KUALA LUMPUR, April 3 (Bernama) -- Malaysia still lacks licensed financial planners who can help members of the public make the right financial decisions.

Malaysia to see first neo bank by 2020

By Niam Seet Wei and Aishah Mohmad Afandi

Financial technology (fintech) industry players are optimistic that Malaysia will be able to kick off its virtual banking revolution and set up its first neo or virtual bank in the third quarter of 2020 at the soonest.

Islamic financing to expand capacity for halal industry

KUALA LUMPUR, March 27 (Bernama) -- The Islamic banking industry is expected to increasingly leverage on programmes to further expand its capacity in financing the halal industry, says Bank Negara Malaysia (BNM).

BNM's monetary stance expected to tilt towards easing : Kenanga

KUALA LUMPUR, March 21 (Bernama) -- With the US Federal Reserve (US Fed) having signalled that there would be no interest rate hikes this year due to slower economic growth, Bank Negara Malaysia’s (BNM) monetary stance is expected to tilt towards easing, said Kenaga Investment Bank Bhd.

SmartStream, Cassini help financial institutions comply with Uncleared OTC derivatives

KUALA LUMPUR, March 20 (Bernama) -- SmartStream Technologies has partnered Cassini Systems to help financial institutions comply with BCBS-IOSCO margin requirements for Uncleared Over-the-Counter (OTC) derivatives.

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.

Malaysia remains global leader in Islamic capital market
Malaysia mulls integrating halal industry, Islamic trade finance

Alliance Islamic Bank aims to maintain double-digit growth

Allianz new motorcycle plus covers both motorcycle & rider
Anusha re-elected LIAM president for second consecutive term

More than RM300 million worth of unclaimed insurance benefits - BNM

100 Yen3.6898/6949
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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