China central bank to cut some sector-specific rates to boost economy
BEIJING: China's central bank announced on Thursday cuts to some sector-specific interest rates to provide an early boost to the economy, and signalled it has room this year for further reductions in banks' cash reserve requirements and for broader rate cuts.
SME Bank expects Bank Negara to hold OPR at 2.75% in 2026
KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate (OPR) at 2.75 per cent throughout 2026, while gross domestic product (GDP) is projected to grow by 4.3 per cent, said Small and Medium Enterprise Development Bank Malaysia Bhd (SME Bank).
China's central bank to conduct 900-billion-yuan outright reverse repo operation
BEIJING: The People's Bank of China, the country's central bank, announced on Wednesday that it will conduct a 900-billion-yuan ($128.35 billion) outright reverse repo operation on Thursday to maintain ample liquidity in the banking system.
S&P expects strong growth for Islamic banking sector
Malaysia's Islamic financing will account for nearly half of the banking sector's total financing by 2030 versus 42% as of the end of 2024, S&P Global Ratings says.
Maybank launches new syariah-compliant fund
Malayan Banking Bhd (Maybank) is extending its chief investment office-led (CIO) investment approach into syariah-compliant investing, as its group wealth management business surpassed RM565.21bil in total financial assets, supported by strong momentum in Islamic wealth management.
Maybank GWM financial assets hit RM565bil on Islamic wealth strong momentum
KUALA LUMPUR: Maybank Group Wealth Management's (GWM) total financial assets exceeded RM565 billion as of September 2025, underpinned by strong momentum in Islamic wealth management.
Aibim appoints Rafe Haneef as president
KUALA LUMPUR: The Association of Islamic Banking and Financial Institutions Malaysia (Aibim) has appointed MBSB Bank Bhd's group chief executive officer Rafe Haneef as president effective Jan 1, 2026.
Financial scams surge ahead of Tet
HANOI: As the Lunar New Year (Tet) approaches, financial and banking scams in Vietnam are showing a sharp upward trend, prompting banks and law enforcement agencies to issue repeated warnings.
AIBIM appoints Rafe Haneef as president
KUALA LUMPUR: Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) has appointed MBSB Bank Bhd's group chief executive officer Rafe Haneef as president effective Jan 1, 2026.
JPMorgan poised to profit from Maduro arrest
HOUSTON: The United States' involvement in Venezuela's oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country and past involvement with international trade financing.
