Malaysia

SME Bank partners with MARC to support Malaysian SME growth

They will combine their expertise in data and business coaching.

GHL enables QR payments from ShopBack in Malaysia

The partnership is expected to benefit over 6 million shoppers in Malaysia

Malaysia’s outstanding loans up 6% in June

Business loans lifted overall growth, whilst household growth was slower.

Malaysia’s business loans slated for up to 7% growth in 2024

However, softer credit demand is seen from the household segment.

WeChat Pay Malaysia ceases e-wallet services

Payment services will cease on 1 September 2024.

Malaysia's bid for BRICS membership to spur banking overhaul

However, challenges abound when moving away from U.S. and SWIFT reliance.

Malaysia launches amended Money Services Business Act

It clarifies offenses and the punishment for illegal operators.

RHB announces 4 new senior appointments

Mohamad Bin Rastam Shahrom is the new group CFO.

How CIMB used automation to raise staff productivity

CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings. 

CIMB teams up with DHL to mitigate 20% of air shipments’ carbon emissions

CIMB will roll out the programme in its Malaysia and Singapore operations.

CIMB sets out 2030 climate targets for O&G and property portfolios

The bank will stop financing new upstream oil fields beginning January 2025.

Allianz and HSBC launch new life insurance plan

The plan comes with a premium starting from RM6,000.

Bank Negara Malaysia releases policy document on claims settlement practices

It mandates minimum standards for licensed insurers and takaful operators.

Evergreen and UBBIB sign strategic partnership, paving the way for a multimillion-dollar transformative merger

This collaboration further expands Evergreen's presence in Malaysia’s financial sector.

Malaysia float new req’s to lower costs of basic banking services

The central bank is inviting written feedback on the draft policy document.