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BNM expected to keep OPR at 3.25 pct

KUALA LUMPUR, July 9 (Bernama) --Standard Chartered Global Research (StanChart) expects the Bank Negara Malaysia (BNM) to keep the overnight policy rate on hold at 3.25 per cent at the fourth Monetary Policy Committee meeting on July 11 and maintain a neutral stance.

As-Salihin's portal beneficial to consultants and agents

PETALING JAYA, July 5 (Bernama) -- In keeping with the times and a paperless movement, Islamic estate planning company, as-Salihin Trustee Berhad, launched the Islamic Estate Planner (IEP) portal today which will help consultants and agents put together documents and submit client applications with ease.

Hong Leong Bank allocates RM115 mln for digital expansion

KUALA LUMPUR, July 4 (Bernama) -- Hong Leong Bank Bhd has allocated RM115 million or 50 per cent of its capital expenditure (capex) to improve the bank’s offerings on the digital platform in the financial year ending June 30, 2019.

Maybank Islamic wins Islamic Bank of the year award

KUALA LUMPUR, July 3 (Bernama) -- Maybank Islamic Bhd has been named the Asia-Pacific winner of The Banker's Islamic Bank of the Year in 2018, on top of recognition and accolades in the country awards category for Malaysia.

Maybank Islamic wins Islamic Bank of the year award

KUALA LUMPUR, July 3 (Bernama) -- Maybank Islamic Bhd has been named the Asia-Pacific winner of The Banker's Islamic Bank of the Year in 2018, on top of recognition and accolades in the country awards category for Malaysia.

Ambank Group introduces preloaded card to help hardcore poor buy essential goods

KUALA TERENGGANU, July 2 (Bernama) -- The Ambank Group will introduce preloaded cards worth RM100 each to be given to selected hardcore persons to help them buy essential goods each month.

Maybank cancels DRP due to softer market, to pay RM3.5 bln dividend

KUALA LUMPUR, July 2 (Bernama) -- Malayan Banking Bhd (Maybank) announced today that its Board of Directors has resolved to exercise its right not to proceed with the implementation of the 16th Dividend Reinvestment Plan (DRP) given the current softer equities market which has also affected its share price.

Moody's: Malaysia's borrowing profile stable with rising use of domestic sukuk
Khairul Kamarudin resigns as BIMB Holdings CEO

 
BNM, DBP promote usage of national language in financial sector

Moody's: Malaysia's borrowing profile stable with rising use of domestic sukuk
Khairul Kamarudin resigns as BIMB Holdings CEO

 
BNM, DBP promote usage of national language in financial sector

CLOSING, TUESDAY, AUG 14
US 4.0950/1000
S'pore2.9795/9851
100 Yen3.6909/6964
Sterling5.2330/2410
Euro4.6699/6769
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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