Money

Standard Chartered, Public Bank reduce base rate following OPR cut

by BERNAMA / pic by BLOOMBERG
Standard Chartered Malaysia and Standard Chartered Saadiq are bringing down their base rate to 2.27% and base ...

Bank Islam revise downwards BR, BFR effective July 10

by BERNAMA / pic by MUHD AMIN NAHARUL
Bank Islam Malaysia Bhd is revising its Base Rate (BR) by 25 basis points from 2.77% to 2.52% per annum, while ...

HLB and HLIB lower interest rate effective July 10

by BERNAMA / pic by MUHD AMIN NAHARUL
Hong Leong Bank (HLB) and Hong Leong Islamic Bank will be reducing its base rate (BR), Islamic base rate (IBR), ...

Banks’ dividend payout ratio to drop up to 35%

by ASILA JALIL/ pic by TMR FILE
LOCAL banks’ impaired loans are expected to grow after the six-month loan moratorium ends in September which could lead ...

Consumers risk bankruptcy if loan moratorium not extended

by ASILA JALIL/ pic by TMR FILE
CONSUMERS adversely affected by the Covid-19 pandemic risk facing serious financial issues including bankruptcy if a ...

Ringgit could hit 4.00 by year-end

Optimism in the oil market and rising FDI into Malaysia will help restore the ringgit’s strength hereon
by DASHVEENJIT KAUR/ pic by BLOOMBERG HIGHER ...

Malaysia leads e-wallet usage in South-East Asia

by BERNAMA/ pic by MUHD AMIN NAHARUL
MALAYSIA leads other countries in South-East Asia in the usage of mobile/digital wallets (e-wallet) at 40%, ahead ...

Additional FMI platforms connected to EPF’s i-Invest

by BERNAMA/ pic by TMR FILE
THE Employees Provident Fund (EPF) has connected five additional platforms from six Fund Management Institutions (FMIs) to ...

Non-business tax payers reminded to submit tax return forms by June 30

by BERNAMA/ pic by MUHD AMIN NAHARUL
NON-BUSINESS tax payers are reminded to submit their Income Tax Return Forms (BNCP) for the assessment year of ...

Banks’ asset quality a concern as bad loans seen rising come October

by NUR HANANI AZMAN/ pic by TMR FILE
BANKS’ asset quality remains a concern for the near term, as impaired loans are expected to increase once the ...

EPF allocated more funds for external fund managers in 2019

A total of RM132.4b had been channelled to the external fund managers in 2019, an increase of 12.6% compared to RM117.6b the previous year
by ALIFAH ...

Ringgit will be under pressure due to geopolitical concerns: Ambank

by BERNAMA/ pic by BLOOMBERG
THE ringgit’s movement may come under pressure as the dollar strengthened on the back of geopolitical concerns involving ...