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DUBAI: Dubai’s biggest bank is seeking to raise 6.45 billion dirhams (US$1.76bil) from a rights share offering as it expands abroad and courts more foreigners to its stock.
KUALA LUMPUR: Malaysia's high level of stable core customer deposits supports the banking system but S&P Global Ratings cautions competitive pressure is likely to remain in the home market.
KUALA LUMPUR: Standard Chartered Malaysia has appointed Manish Gupta as its head of commercial banking, with effect from Oct 1.
KUALA LUMPUR: RAM Ratings has adopted a more conservative outlook for the Malaysian economy and expects GDP to expand by 4.5% in 2020, which is lower than the government's forecast of 4.8%.
KUALA LUMPUR: BNP Paribas Malaysia Bhd has appointed Anthony Lo as its new CEO, effective Oct 1, 2019.
Central bank is buying assets for sole purpose of fine-tuning liability side of its balance sheet
HO CHI MINH CITY/HONG KONG/SINGAPORE: Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others.
KUALA LUMPUR: Armed with a new attire and a new coach, national rifle shooter Mohd Ezuan Nasir Khan is all fired up to earn an Olympic Games ticket at the Asian Championships in Doha, Qatar, from Nov 3-11.
PETALING JAYA: Hong Leong Bank Bhd has approved nearly RM300mil in financing for renewable energy (RE) projects as of August this year out of its RM500mil commitment over four year
KUALA LUMPUR: Malayan Banking Bhd (Maybank) and the National Bank of Cambodia will work together to boost cross-border payment and remittance between both countries