Malaysia
Citi names Hooi Wan Ng as head of markets for Malaysia
Citi names Hooi Wan Ng as head of markets for Malaysia
Ng joins from JP Morgan, where she had led the local markets and private side sales since 2011.
Public Bank's LPI Capital purchase may boost earnings, ROE
MGO is unlikely to be accepted by shareholders due to its ‘steep’ 25% price discount.
Malaysia’s Public Bank acquiring all shares of insurer LPI Capital
It will buy a 44.15% equity interest in the insurer for RM1.72b, and then extend a mandatory general offer.
Chart of the Week: Malaysia e-commerce sees rise in alternative payments
Brands such as GrabPay and ShopeePay are popular payment methods.
Malaysian central bank warns against three unauthorized financial entities
One of them is a potential clone entity.
BNM proposes roadmap for transition to the Malaysia Overnight Rate
It proposed ceasing the usage of KLIBOR by 2027 and 2028.
Malaysia, UK tout Islamic finance to bridge green funding gap
Islamic finance’s framework naturally aligns with social finance, an official said.
Malaysian banks' profitability stable with reduced intervention risks
Some asset quality deterioration is expected as fuel subsidies ease.
Maybank invests in MSME finance platform Funding Societies
It did not specify the amount invested.
Public Bank commits $229.7m financing for SMEs
Public Bank is the largest financier of SMEs in Malaysia based on market share.
Malaysian banks improve margins in Q2 as deposit costs ease
CIMB leads Malaysian banks in H1 2024 returns.
Malaysia's private loans grew 5.5% in July
Growth of working capital loans drove up the number of business loans.
CIMB logs 14% net profit growth in H1; interim dividend is 20 sen
CEO Novan Amirudin attributed this to operating income growth, amongst others.
Zurich and GXBank target online scams with new insurance
Coverage price ranges from $0.23 per month to $0.92 per month.
Malaysia’s central bank names new monetary policy committee member
Datuk Yogeesvaran Kumaraguru has been named an external member for a 2-year term.
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
This is thanks to its non-interest income growing 28.4%.
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
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