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CIMB Urges Customers To Use Pin For Card Transactions

KUALA LUMPUR, May 31 (Bernama) -- CIMB Bank Bhd is calling on all its merchants and customers to switch to PIN (Personal Identification Number) as verification for all locally issued payment cards such as debit, credit, prepaid and charge cards transactions performed at point-of-sale (POS) terminals in Malaysia.

International Reserves Remain Usable, Says BNM

KUALA LUMPUR, May 31 (Bernama) -- The detailed breakdown of international reserves under the International Monetary Fund's Special Data Dissemination Standard (IMF SDDS) format indicates that as of end-April, the country's reserves remain usable, said Bank Negara Malaysia (BNM).

RHB Targets More Than 3 Mln Account Holders By Year-end

KUALA LUMPUR, May 26 (Bernama) -- RHB Bank Bhd is optimistic it will be able to have more than three million conventional current account and saving account (CASA) holders by end-2017, says Group Retail Banking Acting Head Nazri Othman.

BNM To Unveil New Regulatory Measures To Strengthen Banking System, Says Governor

KUALA LUMPUR, May 25 (Bernama) -- Bank Negara Malaysia (BNM) will introduce three regulatory measures to strengthen the foundations for a strong and resilient banking system in the next seven months which include employment reference check.

Maybank's Q1 Pre-tax Profit Rises 16.5 Pct To RM2.25 Bln

KUALA LUMPUR, May 25 (Bernama) -- Malayan Banking Bhd (Maybank)'s pre-tax profit for the first quarter ended March 31, 2017 rose 16.5 per cent to RM2.25 billion from RM1.93 billion recorded in the same period last year on the back of positive group community financial services, as well as, group insurance and takaful performance.

BID-IT Assists Young Entrepreneurs To Use Digital Platform

KUALA LUMPUR, May 24 (Bernama) -- SME Bank has launched the Business in Digital Programme (BID-IT) funding programme to assist young entrepreneurs aged between 20 and 35 to expand their small businesses and ventures into the digital and e-commerce platform.

BNM: Financial Institutions Close 238 Suspicious Accounts

Kuala Lumpur, May 19 (Bernama) -- Bank Negara Malaysia (BNM) is taking aggressive measures to combat illegal financial schemes as part of the central bank's zero tolerance policy on operators and investors knowingly participating in illegal financial activities.

ATM, Online Banking Safe, Ignore Ransomware Attack Rumours

KUALA LUMPUR, May 17 (Bernama) -- The electronic messages on disruption of online/Internet banking and Automated Teller Machine (ATM) services, possibly due to ransomware attacks, that have been circulating via social media are not true, said the Association of Banks in Malaysia (ABM).

BNM: Trainer Reference Manual To Help Develop Islamic Finance Talent Pool

PUTRAJAYA, May 16 (Bernama) -- A Trainer Reference Manual which uses the standard shariah code as its basis, will be developed to create a potential talent pool for the Islamic finance industry, said Bank Negara Malaysia (BNM) Deputy Governor, Shaikh Abdul Rasheed Abdul Ghaffour.

OCBC Al-Amin Launches OCBC 360-i

KUALA LUMPUR, May 15 (Bernama) -- OCBC Al-Amin Bank Bhd has launched the OCBC 360-i, a Shariah-compliant version of OCBC Bank (Malaysia) Bhd's popular high interest-bearing savings account, OCBC 360.

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BNM, Banks Have Adequate Shariah Experts
RHB Islamic To Provide e-solutions To PBT Pengerang

 
AIBIM Wants Govt To Channel Incentives For SMEs Via Islamic Banks

Takaful Malaysia, AmBank Islamic Ink Bancatakaful Partnership
Motorists Pay Lower Motor Insurance Premium After Liberalisation

 
Life Insurance Companies Announce Flood Relief Measures

CLOSING, FRIDAY, DEC 15
US 4.0780/0810
S'pore 3.0286/0313
100 Yen 3.6359/6389
Sterling 5.4763/4816
Euro 4.8100/8152
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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