Malaysia
Malaysia’s outstanding loans up 6% in June
Business loans lifted overall growth, whilst household growth was slower.
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.
Malaysia raids 12 premises for suspected financial offences
A total of 92 bank accounts were frozen.
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.
Malaysia unveils policy for the disposal and purchase of impaired loans
The policy aims to provide a larger pool of buyers for the market, the central bank said.
Kenanga Investment Bank names ex-Citi banker as iindependent non-exec director
Angeline Ong Su Ming spent two decades working in Citigroup.
Boost Bank launches digital app for underserved Malaysians
Deposits are protected for $53,234.
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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