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Foreign shareholding in listed Malaysian banks is nearly at a five-year peak, even as foreign funds remain as net sellers of local equities for 21 straight weeks.
"There will come a point when no job is needed." One can beg to differ, but this is what tech billionaire Elon Musk told the then United Kingdom Prime Minister Rishi Sunak back in 2023 during a widely-reported interview.
KUALA LUMPUR: Malaysian banks will likely see moderate profit growth this year, underpinned by steady loan expansion and still-benign loan provisioning expenses.
KUALA LUMPUR: Bursa Malaysia has appointed Tan Sri Abdul Farid Alias as the new chairman, effective May 1, 2025.
Bursa Malaysia has appointed Tan Sri Abdul Farid Alias as its new chairman, effective May 1, 2025.
Indonesia's central bank conducted a "bold" intervention in the foreign exchange market on Friday, an official said, after the rupiah fell to its lowest level against the US dollar since March 2020.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
MELAKA: A bank executive has pleaded not guilty at the Ayer Keroh Sessions Court to 15 charges of soliciting and accepting bribes to assist three law firms to secure housing loan referrals from a bank between 2017 and 2021.
PETALING JAYA: The establishment of the Forest City Special Financial Zone (SFZ) in Johor is seen as a significant step toward becoming a regional financial hub, according to analysts.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) and TikTok Shop Malaysia have signed a Memorandum of Understanding (MoU) to launch the ASEAN SME Upskilling and Digitalisation Programme.
Market analysts remain confident that the sell-down in the Jakarta Composite Index (JCI) on Monday and Tuesday will not become a contagion and spread over to the FBM KLCI.
SINGAPORE: MMC Port Holdings has hired CIMB Group Holdings Bhd and Malayan Banking Bhd (Maybank) to work on a more than RM6bil (US$1.3bil) initial public offering (IPO) in Malaysia, say two sources with knowledge of the matter.
KUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed administrative monetary penalties (AMP) totalling RM1.66mil on four financial institutions for non-compliance with the Financial Services Act 2013 (FSA) and/or Islamic Financial Services Act 2013 (IFSA).
HONG KONG: China data centre operator GDS Holdings Ltd is seeking a US$3.4bil-equivalent loan for its data centre operations in Malaysia, according to sources.
PETALING JAYA: Malayan Banking Bhd has unveiled an updated version of its net-zero white paper series titled "Banking on a better tomorrow: Our commitment to net-zero", first published in May 2024.
The banking sector’s earnings are expected to see encouraging growth next year, fuelled by various factors despite downside risks.
The country’s banking sector is set to maintain a robust growth trajectory in 2025, underpinned by resilient consumer demand, supportive policies and stable economic fundamentals.
PETALING JAYA: The banking sector is seen as a "good shelter" from external challenges, say analysts.
KUALA LUMPUR: Bursa Malaysia ended at an intraday low yesterday, weighed down by persistent selling in selected heavyweights, led by the utilities, telecommunications and media, as well as financial services sectors.
South-East Asia’s second and fifth-largest banks Oversea-Chinese Banking Corp and CIMB Group Holdings Bhd are vying for a controlling stake in Bank Pan Indonesia (Panin Bank), three people with knowledge of the matter say.
