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Affinbank, ABS collaborate on operational risk programme

KUALA LUMPUR, March 19 (Bernama) -- AFFINBANK Group (AFFIN) is collaborating with the Asian Banking School (ABS) for a customised programme on operational risk review, and scenario analysis awareness and implementation.

AmBank Islamic on track to achieve higher loans growth

KUALA LUMPUR, March 15 (Bernama) -- AmBank Islamic Bhd is on track to achieve a slightly higher loans growth than the industry's average of between four per cent and five per cent for the financial year ending March 31, 2018.

Ringgit expected to surge to 3.80 in near term - PM

IPOH, 15 Mac (Bernama) -- The ringgit is expected to surge to 3.80 against the US dollar in the near term, Datuk Seri Najib Tun Razak said.

Islamic Finance set to extend growth, says Moody's

KUALA LUMPUR, March 14 (Bernama) -- The growth of the Islamic finance sector will continue to outstrip that of conventional assets across core Islamic finance markets in coming years, as demand for Shari'ah-compliant financial instruments rises, said Moody's Investors Service(Moody's).

BNM cautions public on cryptocurrency platform

Digital currencies are not legal tender in Malaysia.

Sarawak CM Wants A Strong, Effective, Efficient Petros

KUCHING, March 7 (Bernama) -- Sarawak Chief Minister, Datuk Patinggi Abang Johari Tun Openg wants Petroleum Sarawak Bhd (Petros), to be strong, effective and efficient in performing its mandated role in the oil and gas (O&G) industry.

700 Firms Get MDV Financing Amounting To RM11.2 Billion

KUALA LUMPUR, Feb 28 (Bernama) -- Malaysia Debt Ventures Bhd (MDV) has to-date financed over 700 companies with disbursements amounting to RM11.2 billion since its inception in 2002 to enable them to complete and deliver more than 800 projects in various technology areas.

OCBC Malaysia Introduces High Net Worth Individual Category

KUALA LUMPUR, March 5 (Bernama) -- OCBC Bank (Malaysia) Bhd has introduced a distinct high net worth individual (HNWI) category to its Premier Banking platform, in aiming to attract those with assets under management (AUM) of RM3 million and above.

CIMB Enhances Malaysia-Singapore Cross-border Banking For Customers

KUALA LUMPUR, March 4 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have introduced the Cross-Border Solutions, which enables customers with CIMB accounts in Malaysia and Singapore to enjoy seamless and efficient cross-border banking experience.

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Maybank Islamic wins Islamic Bank of the year award
GST ends on AIBIM Bank services & products

RHB Islamic Bank CEO is new AIBIM President

Pacific Prime†wins two top insurance awards
AmGeneral eyes 2-3 pct growth in premium in FY19

LIAM seeks govt support on insurance penetration

US 4.0530/0600
S'pore 2.9686/9748
100 Yen 3.5867/5939
Sterling 5.3131/3235
Euro 4.7238/7327
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 Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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