Malaysia

Malaysia's automotive loan guidelines pulls down car sales

New guidelines for automotive loan borrowers will be discussed following the 25 % drop in sales of new motor vehicles last month, says Proton.

Malaysia's automotive loan guidelines pulls down car sales

New guidelines for automotive loan borrowers will be discussed following the 25 % drop in sales of new motor vehicles last month, says Proton.

Higher education loans in Malaysia to be coursed through Maybank or Bank Islam

All loan applicants under the PTPTN must open an account with the SSPN through Maybank or Bank Islam.

CIMB Niaga boss sees bankers profiting in Indonesia's golden years

CIMB Niaga's president director Arwin Rasyid says Indonesia is in its “golden years” and lenders will benefit.

Malaysia's Finance Ministry, banks boost aid to rural entrepreneurs

Malaysia's Finance Ministry along with banks have created a finance cluster to help traders and entrepresenurs in Rural Transformation Centres  expand businesses.

Bank Muamalat starts repositioning with new Temerloh branch

Bank Muamalat started its repositioining program of upgrading and reocating branches with its 57th branch in Temerloh.

China's micro-lenders up 64 %, lends $30.7B

China's micro-credit sector experience massive growth with encouragement from the government.

CIMB's keeps focus on Asean amid RBS acquisition plan

CIMB Group’s Asian expansion plan will not be significantly impacted by its purported acquisition of Asian assets of the RBS.

Bank Islam's junior scheme well received in Sabah, Sarawak

Bank Islam elicited encopuraging response in Sabah and Sarawak for its Al-Awfar Junior savings account for young customers.

Simpanan hopes to sustain 10% growth for Islamic account savers

Bank Simpanan Nasional hopes to sustain the 10 percent growth last year for its Islamic banking product account savers.

Bank Negara, Fatwa clarifies issues on forex trading

Bank Negara Malaysia clarified that only licensed banks can buy and sell of foreign currency in Malaysia.

AMMB enjoys 19th month of consecutive profit growth

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.

Malaysian intitutions alerted against US FATCA

Malaysian financial institutions were asked to make an impact assessment on the proposed FATCA regulations.

HSBC opens 58th Malaysian branch--the first in Sabah-Sarawak

HSBC opened its first branch in the Sabah-Sarawak area at Inanam, expanding the total Malaysian branch network to 58 location.

HSBC elated with progress in Malaysia

HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.

CIMB's non-interest income to surpass expectations: HwangDBS Vickers

A research group forecasts CIMB Group's non-interest income for financial year 2012 to be better-than-expected.

Malaysia, China renew currency swap agreement

Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion.

Malaysian and Thai central banks in joint push for financial stability

Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai government and central bank debt securities with it.