Malaysia

Malaysia's bid for BRICS membership to spur banking overhaul

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

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.

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.

Malaysian bank and GHL collab to offer interest-free plan

It will be made available to more than 7,000 merchant terminals.

Malaysia's private sector credit grows 5.4% in April

Thanks to higher growth in both outstanding loans and corporate bonds.

GHL and BSN partner to expand in-store payment choices

Shoppers at GHL stores can now enjoy up to 36 months of BSN's 0% EasyPay.