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BNM's official reserve assets at US$103.911 bln as at end-July 2019

KUALA LUMPUR, Aug 30  -- Bank Negara Malaysia’s (BNM) official reserve assets amounted to US$103.911 billion, while other foreign currency assets stood at US$216.9 million as at end-July 2019.


Islamic finance is alive and kicking in Malaysia, says Governor 

KUALA LUMPUR, Aug 29 -- Malaysia’s Islamic banking industry is not phasing out of the limelight but is very much alive and kicking, gaining maturity and poised for further growth.


Bank Islam to disburse RM1 bln loans to SMEs this year

Bank Islam Malaysia Bhd, the wholly-owned banking entity of BIMB Holdings Bhd (BIMB), aims to disburse RM1 billion worth of loans to small and medium enterprises (SMEs) within the financial year ending Dec 31, 2019 compared with more than RM500 million last year.


Islamic Banking institutions urged to provide training to strengthen SME sector

Islamic banking institutions in Malaysia have been urged to provide extensive financing and entrepreneurship training to small and medium enterprises (SMEs) in order to strengthen the sector, said an economist.


BNM is continuing its long-standing efforts to broaden and deepen the Malaysian onshore market - BNM Governor

KUALA LUMPUR, Aug 28 (Bernama) -- Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah  Mohd Yunus said the bank has had encouraging discussions with global bond index provider, FTSE Russell, on the possibilities of Malaysian bonds to remain in the World Government Bond Index (WGBI).


Govt sets up special committee on Islamic Finance

PUTRAJAYA, Aug 27  -- The Ministry of Finance (MoF) has announced the establishment a Special Committee on Islamic Finance (JKKI) to promote and encourage development of Islamic Finance.


Islamic bond issuance to hit US$130 bln in 2019 -Moody's

The issuance of Islamic bonds, commonly known as  Sukuk, is set to rise six per cent to around US$130 billion (US$1=RM4.20)  this year.


Virtual banking is happening now - BNM Governor

KUALA LUMPUR, Aug 27 (Bernama) -- Virtual banking is already happening in Malaysia, although the digital bank licensing framework will be issued for industry consultation by year-end, Bank Negara Malaysia governor (BNM), Datuk Nor Shamsiah Mohd Yunus said.


Malaysia to study another offer of Samurai bond from Japan - Dr Mahathir

KUALA LUMPUR, Aug 26 (Bernama) -- Malaysia is studying another offer of Samurai bond from Japan, said Prime Minister Tun Dr Mahathir Mohamad.


SME Bank going beyond financing, to offer more digital platform services

By Rosemarie Khoo Mohd Sani

KUALA LUMPUR, Aug 25 -- Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), an agency under the Entrepreneur Development Ministry, has embarked on a digital transformation programme to offer new facilities and solutions to SMEs and their ecosystem, in a bid to transcend beyond financial services.


Islamic Banking institutions urged to provide training to strengthen SME sector
Govt sets up special committee on Islamic Finance

 
Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest

Etiqa introduces first-of-its kind insurance coverage for mental illness 
Allianz General, Anora and Solarvest ink MoU to further promote renewable energy

 
Takaful consulting can be a rewarding career

CLOSING, FRIDAY, SEP 20
US4.1680/1720
S'pore3.0297/0337
100 Yen 3.8589/8637
Sterling 5.2196/2254
Euro4.6040/6.101
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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