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Budget Deficit Target To Remain Intact - RHB Research

KUALA LUMPUR, June 30 (Bernama) -- The government is still on track to achieve its budget deficit target of three per cent of gross domestic product in 2017 (-3.1 per cent in 2016), said †RHB Research Institute Sdn Bhd†.

Affin Hwang AM Declares Income Distributions Of RM106.65 Mln For 20 Funds

KUALA LUMPUR, June 23 (Bernama) -- Affin Hwang Asset Management Bhd (Affin Hwang AM) has declared a total of RM106.65 million in distributions for 20 funds.

Affin Bank, Affin Islamic Appoint New Chairmen

KUALA LUMPUR, June 22 (Bernama) -- Affin Bank Bhd has appointed Gen (R) Tan Sri Dr Mohd Zahidi Zainuddin as non-independent non-executive Chairman with effect from today.

UOB Facilitates Business Inflows Worth RM3.1 Billion Into Malaysia

KUALA LUMPUR, June 21 (Bernama) -- United Overseas Bank Ltd (UOB), the parent company of United Overseas Bank (Malaysia) Bhd (UOB Malaysia), has facilitated business inflows worth more than RM3.1 billion into Malaysia in the last 15 months.

CCMD Signs Islamic Financing, Multi-trade Facilities With AmBank Islamic Worth RM280 Million

KUALA LUMPUR, June 20 (Bernama) -- CCM Duopharma Biotech Bhd (CCMD) has signed Islamic financing and multi-trade facilities worth RM280 million with Ambank Islamic Bhd.

Azman: Banking Sector Outlook Remains Bright

KUALA LUMPUR, June 19 (Bernama) -- The banking sector outlook remains bright as it has been progressive the past quarter, says Tan Sri Azman Hashim, Chairman of Malaysia's sixth largest bank, AMMB Holdings Bhd (AmBank Group).

Bank Muamalat Targets To Disburse RM3.0 Billion In Loans By Year-end

KUALA LUMPUR, June 19 (Bernama) -- Bank Muamalat Malaysia Bhd targets to disburse RM3 billion in financial assistance by year-end, from RM2 billion disbursed last year.

Fintech Is An Opportunity To The M'sian Banking Industry

KUALA LUMPUR, June 19 (Bernama) --Fintech is an opportunity, not a threat to the Malaysian banking industry, says HSBC Bank Malaysia.

Bank Islam Appoints Khairul CEO

KUALA LUMPUR, June 14 (Bernama) -- Bank Islam Malaysia Bhd has appointed Khairul Kamarudin as new Chief Executive Officer (CEO), effective today.

The Banker Names Maybank Islamic 'Islamic Bank Of The Year 2017 For Asia-pacific And Malaysia'

KUALA LUMPUR, June 13 (Bernama) -- Maybank Islamic Bhd has been named 'The Islamic Bank of the Year 2017 for Asia-Pacific and Malaysia' by London-based financial publication, The Banker.

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Islamic Banks eyes bigger trade financing mart share
Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

Islamic finance must be proactive to reduce poverty, inequality - Sultan Nazrin

CIMB targets RM200 mln in non-life insurance premiums this year
AAGI, MAB launch AXA SmartAid for the Visually Impaired

Credit ratings of Energas Insurance, stable - A.M. Best

US 3.9070/9100
S'pore 2.9500/9529
100 Yen 3.5824/5868
Sterling 5.4612/4674
Euro 4.7751/7792
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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