Malaysia

Strong income drives CIMB to a 26.2% net profit growth in H1

An interim dividend of 17.5 sen per share has been proposed.

Maybank’s first half profits surge 26% YoY

Its further expansion was dampened by a contraction in net fund-based income.

Alipay+, Malaysia’s PayNet ink deal for smooth digital payments

This further expands the regional cross-border digital payment plan of Alipay+.

Public Bank posts 18% YoY net profit growth for 1H 2023

Its overseas operations accounted for 7.8% of the overall earnings.

MUFG closes $50m Islamic green trade finance facility for Sime Darby Motors

Proceeds will be used for working capital needs related to EVs.

Public Bank ties with PRO-NET, bolster presence in NEV industry

The bank commits NEV lending to reach RM33b by 2025.

Malaysia’s Public Bank extended $2.6b 'affordable home' loans in 2022

The bank has given out RM67b in commercial loans to Malaysian SMEs.

Malaysia’s Curlec by Razorpay launches payment gateway

Curlec targets RM10b in annualised gross transaction value by 2025.

Malaysia's Public Bank funds $262,000 to eco-schools programme

The programme aims to promote climate education in schools using a project-based learning approach.

Alipay+ payments now accepted across 2,400 7-Eleven Malaysia stores

Users of AlipayHK, GCash, Kakao Pay, and TrueMoney can now use their mobile wallets in these stores.

CIMB emphasises promise of SME assistance

CIMB has granted over RM1.0b ($210m) in financial payment SME relief assistance 

Maybank's asset quality, profitability to remain stable: Moody's

Despite the sluggish economic growth, the bank’s problem loan ratio is predicted to stay at 1.5%. 

How experts see the digital battleground of banks, payment firms

Industry leaders gather at 2023 Asian Banking and Finance Forum in Kuala Lumpur to discuss digital disruption, financial inclusion, and future trends.

Kenanga Investment Bank commemorates 50 years

Clients can anticipate the Wealth SuperApp launch.