Malaysia
Malaysian banks’ asset quality strong but profits to stay flat in 2024
Malaysian banks’ asset quality strong but profits to stay flat in 2024
A sustained currency depreciation may affect import-reliant sectors, an analyst warned.
Malaysia warns against four unauthorised companies
They have similar names to companies authorised by BNM but are not related to them.
Alliance Bank lowers fixed deposit rates
The counter rate for 1-month fixed deposits is now just 2.65% from 2.75%.
Ant International to build Malaysia digital business centre and is hiring 500 roles
The centre is expected to move in at The Exchange 106 by 2025.
CIMB’s Dato’ Abdul Rahman Ahmad to step down as group CEO
CIMB has not named a successor yet.
Maybank issues apology following digital and payment service disruption
Customers were temporarily unable to make online and retail payments on 5 April.
Malaysian authorities probing service outages in two local banks
The banks are required to give a full explanation of what led to the incidents.
GXBank's Raya campaign offers 5% daily interest on savings pockets
The campaign will run from 10 April to 9 May.
Malaysian banks’ loan ratio at 1.6% in Feb
Loan loss coverage is at 120% of impaired loans, central bank data showed.
Maybank inks MOU with fintech Doxa for supply chain financing
Services include digitisation of documents and other payment solutions.
Malaysia’s GX Bank outlines brand purpose of financial inclusion and literacy
It focuses on individuals with a median household income of RM3,000 and gig workers.
CIMB Securities appoints Stephen Hagger as independent chairperson
It also welcomed three new directors to its board.
Allianz Life, HSBC Malaysia unveil two new investment-linked funds
Its fund manager is BlackRock.
CIMB Islamic, PETRONAS inks deal for Islamic commodity derivatives
This is PETRONAS’ first venture towards Shariah-compliant derivatives.
Public Bank net profits up 8.7% in 2023; 10 sen interim dividend proposed
Total dividend is 19 sen per share for 2023, to be paid out on 22 March.
RHB Bank net profit rise in 2023; net credit costs to rise in 2024
Net interest margin is expected to be “flattish” in 2024 at 1.9%.
CIMB net profit up 28.3% in 2024; special dividend proposed
The 7 sen special dividend is separate from the annual dividend of 36 sen per share.
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