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Malaysian banks take up BNM's challenge to combat climate change

An exclusive report by Farhana Poniman & Zairina Zainudin

KUALA LUMPUR, Oct 9 -- Malaysian banks are taking up Bank Negara Malaysia’s challenge to combat climate change with the adoption of a responsible lending policy as well as educating their retail and business banking customers on sustainability.


AmBank Islamic wins Best Islamic Finance SME Bank Malaysia award

KUALA LUMPUR, Oct 8 -- AmBank Islamic Bhd has been named the Best Islamic Finance SME Bank Malaysia 2019 at the Alpha Southeast Asia Best Islamic Finance Awards 2019, held in Kuala Lumpur recently.


BNM international reserves amounted to US$103.0 bln as at Sept 30 

KUALA LUMPUR, Oct 7 -- Bank Negara Malaysia’s (BNM) international reserves decreased to US$103.0 billion as at Sept 30, 2019, from US$103.5 billion as at Sept 13, 2019.


Hong Leong introduces eToken for SME, corporate customers

KUALA LUMPUR, Oct 7 -- Hong Leong Bank, in line with its digitisation roadmap, has introduced a new, secure and seamless eToken for its corporate and small and medium enterprise (SME) customers.


Fintech can make Islamic finance more competitive - Amiruddin

KUALA  LUMPUR, Oct 3 -- Financial technology (Fintech) would enable Islamic finance to attract more customers, increase efficiency, reduce costs and help the sector become more competitive, without compromising profitability, says Deputy Finance Minister Datuk Amiruddin Hamzah.


Affin Bank bags 'Best SME banking initiative for start-ups' award

KUALA LUMPUR, Oct 3 -- Affin Bank Bhd has bagged the ‘Best SME Banking Initiative for Start-Ups’ under the Banking Awards Category of the 2019 International Finance Awards by United Kingdom-based International Finance magazine.


World Financial Planning Day 2019 raises consumer control on finances, futures

Financial Planning Standards Board Ltd (FPSB) and the global community of professional financial planning bodies today celebrate the third annual World Financial Planning Day (#WFPD).


Hat-trick: BIMB Investment bags Best Islamic Asset & Fund Manager 2019 award

KUALA LUMPUR, Oct 2 -- BIMB Investment Management Bhd (BIMB Investment) has bagged the Best Islamic Asset & Fund Manager 2019 in Malaysia award for the third consecutive year at the Alpha Southeast Asia Best Islamic Finance Awards 2019 here.


ASEAN insurers should upgrade legacy systems - Malaysian Re

KUALA LUMPUR, Oct 1 (Bernama) -- Insurers in ASEAN should upgrade their legacy systems and improve their access to data to sustain their long-term competitiveness in the era of digitalisation, said Malaysian Reinsurance Bhd (Malaysian Re).


CIMB banks on renewable technology for SMEs

KUALA LUMPUR, Oct 1 -- CIMB Group Holdings Bhd has launched a financing facility for small and medium enterprises (SMEs) to buy and install equipment related to renewable energy technologies.


Petronas to collaborate with Bank Muamalat on VFP
Bank Muamalat named Khairul Kamarudin as new CEO

 
Bank Muamalat aims to have 15,000 merchants using QR scanning next year

FWD Takaful injects RM5 million for para athletes in preparation for 2020 Paralympics
Malaysia’s Lonpac Insurance Bhd has excellent credit ratings - AM Best

 
Japan non-life insurance segment has stable outlook - AM Best

CLOSING, THURSDAY, NOV 21
US4.1680/1710
S'pore3.0607/0633
100 Yen3.8404/8435
Sterling5.3946/3002
Euro4.6202/6252
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Yes
No
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