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Trend indicates further headwind for banking sector
KUALA LUMPUR (Bernama) -- Bank Muamalat Malaysia Bhd has appointed Datuk Seri Tajuddin Atan as its new chairman effective tomorrow, succeeding Tan Sri Mohd Munir Abdul Majid whose tenure ends today.
KUALA LUMPUR (Bernama): The trial of former prime minister Datuk Seri Najib Razak on three money-laundering charges involving RM27mil of SRC International Sdn Bhd (SRC) funds, which was supposed to begin Tuesday (June 2), has been vacated.
CHINA’s central bank said it will temporarily purchase loans made to small businesses from some local banks, a new policy to boost the supply of lending to the real economy.
KUALA LUMPUR: RHB Islamic Bank becomes the first bank in Malaysia and the Asia Pacific region to introduce an eco-friendly recycled plastic debit card, through its collaboration with WWF-Malaysia and Universiti Malaysia Terengganu (UMT).
TOKYO: Resona Holdings Inc, Japan’s fourth-largest bank, aims to reduce costs at its branch network by at least 20%, its company president said, adding that not all big branches would remain in the same form.
ATHENS (Reuters) - Greece allowed year-round hotels to open on Monday, restarting its vital tourism sector hobbled by weeks of lockdown, although business remained quiet with international flights from its main airports only set to resume from June 15.
KUALA LUMPUR: OCBC Al-Amin Bank Bhd’s net profit in 2019 increased 28 per cent to RM164 million compared to RM129 million in the previous year.
HONG KONG (Reuters): Hong Kong had no plans to change its currency's peg to the US dollar and the Asian financial hub has not seen any "obvious" capital outflows after Washington moved to strip the city of its special status in US law, the city's finance secretary said.