Malaysia

Malaysia’s card payment market value to grow 15.2% in 2022

A perfect storm for card adoption is brewing in the country.
5 hours ago

Malaysia’s card payment market value to grow 15.2% in 2022

A perfect storm for card adoption is brewing in the country.
5 hours ago

Instarem enables real-time payments to Malaysia

Workers can save money from foreign exchange fees and transportation costs.

Public Bank net profits down 8.6% in Q1 as one-off tax bites

The operating environment remains challenging, the bank’s founder said.

Maybank adopts cautious outlook amidst geopolitical tensions, volatility

The Malaysia lender saw its Q1 profits fall compared to the same period last year.

Malaysia’s new digital banks fated to remain niche in medium term

Regulatory limits and competition make it unlikely to break into the mainstream until 2026.

Malaysia’s Public Bank raises lending rate by 0.25%

The new base rate will be 2.25%, and base lending rate at 5.72%   Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.   The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.   The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.   The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May. 

RHB, Boost secure Malaysian digital bank license

Boost will own 60% of the digital bank whilst RHB will own 40%.

RHB appoints Mohd Rashid Mohamad as new group CEO

He formerly served as managing director of group wholesale banking.

Malaysia’s Islamic banks headed for more growth: Moody’s

Government support pushes the sector to an upward trajectory.

Maybank appoints Dato’ Khairussaleh Ramli as group president and CEO

He rejoins Maybank from RHB, where he served as group managing director.

UOB Malaysia puts into motion strategic initiatives to accelerate digital agenda

Since 2018, the Bank has embarked on a digital transformation journey to deliver seamless customer experience and frictionless banking.

Malaysia’s Kenanga Investment Bank appoints non-independent non-executive director

Choy Khai Choon also serves as independent non-exec chairman at Zurich Life.

RHB Malaysia earns its 9th Domestic Foreign Exchange Bank of the Year trophy at the 2021 ABF Awards

The multinational regional financial services provider was recognised for its hassle-free digital FX platform assisting customers with simple, seamless, and convenient transactions.

Maybank launches programme to help Malaysian halal SMEs go overseas

The products are now available at Eccellente by HAO Market in Singapore.