Missing RM1 mln cash bag: Police detain two security guards
KUALA LUMPUR, Nov 7 — The police have detained two security guards to assist investigations into the disappearance of a bag containing RM1 million in...
Australia to force banks to compensate scam victims
CANBERRA, July 31 — Australian banks will be forced to compensate customers who lose money to scams under new laws flagged by the government, reported...
Malaysia’s real GDP to improve to 4.5 pct on resilient domestic demand —Moody’s
KUALA LUMPUR, March 7 — Credit ratings agency Moody’s Ratings expects Malaysia’s real gross domestic product (GDP) growth to improve to 4.5 per cent in 2024 from...
Singapore bank OCBC fourth-quarter profit misses expectations, sees rates falling
SINGAPORE, Feb 28 — Singapore’s second-largest bank Oversea-Chinese Banking Corp (OCBC) said it expected interest rates to trend downwards, likely from second half of 2024,...
BNM: At least half of local banks’ new financing to be climate-friendly
KUALA LUMPUR, Dec 3 — Malaysia is expecting to see at least half of new financing by the local banks aligned with climate-supporting or transitioning activities...
Analysis: As global rates turn, banks in India and Indonesia set to win
SINGAPORE Nov 29 — As Asia’s banking sector navigates a peak in global interest rates and risks of slower growth, investors are wagering that banks...
Strong fundamentals ensure growth, resilience of banks in Malaysia
KUALA LUMPUR, Nov 28 — Malaysian banks have continued to deliver a resilient performance in 2023, anchored by the banking system’s strong fundamentals despite external headwinds...
BNM to engage with banks regarding recovery plan submissions
KUALA LUMPUR, Oct 18 — Bank Negara Malaysia (BNM) will engage with banks in the coming months regarding the first batch of submissions of their...
China tells banks to roll over local government debts — Sources
BEIJING, Oct 17 — China has instructed state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources...
Maybank net profit rises 26pct to RM4.6bln in first half of 2023
KUALA LUMPUR, Aug 30 — Malayan Banking Bhd’s (Maybank) net profit for the first half of the year ended June 30, 2023 rose 26 per...
Govt mulls allowing EPF members to use savings as collateral for bank loans — PM Anwar
KUALA LUMPUR, March 9 — The government is proposing to introduce a scheme which allows Employees Provident Fund (EPF) contributors to apply for bank loans...
Banks to implement BNM’s five key measures to fight financial scams
KUALA LUMPUR, Sept 27 — Three associations representing the local banking industry are in full support of the five key measures to combat financial scams...