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Net financing growth continues to support economic activity, says BNM

KUALA LUMPUR, March 30 (Bernama) -- Net financing through banking system loans and corporate bonds showed a growth of 7.4 per cent last month compared with 7.2 per cent in January, says Bank Negara Malaysia (BNM).

RHB Bank eyes 11 per cent loan growth for 2018 retail segment

KUALA LUMPUR, March 30 (Bernama) -- RHB Bank Bhd is eyeing a 11 per cent loan growth for its retail segment this year, an increase over the 8.9 per cent posted in 2017.

Maybank†Islamic CEO Mohamed Rafique Appointed IBFIM Chairman

IBFIM will continue to raise the skills and knowledge of the human capital in the Islamic banking industry.

BNM foils unauthorised fund transfers

We are pleased to note that all risk control measures in place were effective to curtail this incident.

Islamic financing rises 9.4 pct to RM605.5 bln in 2017

KUALA LUMPUR, March 28 (Bernama) -- Malaysia's Islamic financing grew by 9.4 per cent to RM605.5 billion in 2017 compared with a 11.8 per cent increase in 2016 amid a moderate growth of 1.3 per cent in conventional loans, said Bank Negara Malaysia (BNM).

Ringgit to end year at RM3.80 - UOB Economist

We expect the ringgit to experience some volatility in the near term but to perform better overall compared with other Asian currencies.

Ringgit strengthened 14.6 pct in 2017, most stable in region

KUALA LUMPUR, March 24 (Bernama) --The ringgit strengthened 14.6 per cent in 2017 and has been the most stable currency in the region as economic outlook remains strong, said Bank Negara Malaysia (BNM) Governor, Tan Sri Muhammad Ibrahim.

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

KUALA LUMPUR, March 24 (Bernama) -- Islamic finance must remain relevant by being involved more proactively in the global agenda to alleviate poverty and inequality, while maintaining and improving global prosperity and stability, said the Sultan of Perak, Sultan Nazrin Shah.

Retailers not permitted to impose surcharges for payments using debit, credit cards - BNM

KUALA LUMPUR, March 21 (Bernama) -- Retailers are not permitted to impose surcharges for payments using debit cards under the Payment Card Reform Framework and a similar prohibition is applied for credit card payments under the rules of international card schemes such as Visa and Mastercard under the Payment Card Reform Framework, said Bank Negara Malaysia (BNM).

BNM to launch VBI scorecard in October

The scorecard comprises†both quantitative and qualitative elements that measure the different segments in the Islamic financial sector.

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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

CLOSING, THURSDAY, APRIL 19
US 3.8890/8920
S'pore 2.9694/9728
100 Yen 3.6214/6252
Sterling 5.5204/5263
Euro 4.8103/8144
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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