News about bank

KUALA LUMPUR (March 16): Malaysia, which is on the verge of crossing the high-income nation threshold, needs to implement strong reforms by investing in human capital, increasing female force participation and implementing policy changes that improve productivity growth to boost the country's economic growth in the long run, according to the World Bank.

KUALA LUMPUR (March 16): Malaysia is expected to cross the high-income country threshold by 2025 under a baseline scenario, on the basis that the economy continues to expand healthily in the next few years, said World Bank.

PETALING JAYA (March 10): Tropicana Corp Bhd partners with Maybank Islamic to offer a homeownership financing solution that offers 100% financing in collaboration with Maybank Islamic’s HouzKEY program.

KUALA LUMPUR (March 5): Maybank Investment Bank Research (Maybank IB Research) said today the worst is over for the property sector as it believes the sector should continue to be driven by a better economic outlook, historically low interest rate environment and pent-up demand.

KUALA LUMPUR (March 5): Economists no longer expect another rate cut after Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 1.

KUALA LUMPUR (March 4): Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.

KUALA LUMPUR (March 3): Bukit Aman (pictured) said today that it has begun investigations into Datuk Dr Tawfiq Ayman for allegedly receiving funds linked to 1Malaysia Development Berhad (1MDB) in a Singapore bank account under his name.

KUALA LUMPUR (March 2): AMMB Holdings Bhd (AmBank) was only given "a few days" to negotiate the recently announced RM2.

KUALA LUMPUR (March 1): DAP’s Tony Pua has lauded the Ministry of Finance (MoF) for completing the RM2.

KUALA LUMPUR (Feb 23): Higher provisioning is expected to have a weakening effect on Malaysian banks' profitability in the fourth quarter of 2020 (4Q20), due to be released this week, given the need to cushion the economic and financial shocks from the Covid-19 pandemic.