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Financial markets faced selling pressure in May: BNM

On the domestic front, sentiments remained cautious as investors awaited greater policy clarity post-election.

RHB launches total online solution for SMEs

KUALA LUMPUR, June 26 (Bernama) -- RHB Bank Bhd is the first financial institution in Malaysia to offer a total cloud-based all-in-one digital business solution for small and medium enterprises (SMEs) following the expansion of its RHB SME e-Solution digital business solution.

Malaysian consumers ready to adopt AI, automation in digital banking

Open Banking allows banks to share data with other organisations in order to offer new services to customers and new revenue streams for the banks.

Process, product innovations top two focus areas in Malaysian FSI - AIF study

About 90 per cent of leaders in the Malaysian FSI agree that innovation is important for the sustainability of their organisations, while around 48 per cent said their companies were quick to innovate to gain first-mover advantage.

CIMB holds first meeting between Guan Eng, fund managers

KUALA LUMPUR, June 8 (Bernama) -- CIMB Group Holdings Bhd yesterday hosted its inaugural meeting between Finance Minister Lim Guan Eng and top Malaysian fund managers.

Al Rajhi Bank eyes RM3.5 mln in Takaful contributions by year-end

We are seeing momentum coming through, with two insurance products launched in the market earlier this year and another one which management has signed off and obtained regulatory approval to launch.

RHB Insurance eyes RM5 mln in premiums in 12 months

KUALA LUMPUR, June 5 (Bernama) -- RHB Insurance Bhd, a general insurance provider for retail and corporate customers, is targeting premiums of RM5 million from 10,000 policy holders over the next 12 months by leveraging on the launch of its RHB Insurance Mobile App.

HSBC, ING Bank execute first blockchain transaction

KUALA LUMPUR, June 5 (Bernama) --HSBC and ING Bank have successfully executed the first live trade finance transaction via blockchain for a shipment of soybeans from Argentina to Malaysia.

GST ends on AIBIM Bank services & products

KUALA LUMPUR, June 1 (Bernama) -- Effective today, the country's Islamic financial institutions have zero-rated the Goods and Services Tax (GST) on banking products and services, the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said in a statement.

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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

OPENING, WEDNESDAY, JULY 18
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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