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Banks cease charging fees for credit card and financing repayments
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) said its member banks will now cease charging fees for cheque and cash payments for credit card and financing repayments over the counter and at Cash Deposit Machines (CDMs).
Banks continue to extend repayment aid
KUALA LUMPUR: Malaysian banks will continue to extend repayment assistance, including an extension of existing moratorium to individuals affected by the current movement control order (MCO).
Malaysia sees La Nina pushing CPO prices above RM3,000/tonne
PUTRAJAYA: The local plantation industry is expecting crude palm oil (CPO) prices to cruise comfortably above RM3,000 per tonne if La Nina sets in, according to IOI Corp Bhd founder and executive chairman Tan Sri Lee Shin Cheng.
Non-bank lenders are beating the market
AMID weak consumer sentiment and a stagnant market for loans, it may come as a surprise that investors are placing bets on an earnings recovery for non-bank lenders. Listed non-bank lenders have outperformed the broader market this year.
Banks: Financing available to businesses
KUALA LUMPUR: The Association of Banks in Malaysia reiterates that businesses still have access to financing and there are various types available for the various sizes of business.
Bankers expect Muhammad to continue Zeti’s good work
KUALA LUMPUR: Most bankers expect the newly-appointed Bank Negara governor Datuk Muhammad Ibrahim will continue the good work of his predecessor in leading what can be considered one of the most respected central banks in the world.
Driving the financial sector forward
LOOKING at the recently launched Financial Sector Blueprint (FSB), it certainly reflects the philosophy in a Chinese proverb which goes 'When planning for a year, plant corn. When planning for a decade, plant trees. When planning for life, train and educate people.'
