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Headline News

E-wallet race heats up

Early adopter: A man scans a QR code with his smartphone to purchase a drink from a vending machine in Guangzhou. China has been one of the earliest adopters of such a trend using mobile phones fitted with scannable quick-response codes which facilitate such transactions. — Bloomberg (85-0)

Digi and CIMB launch wireless card payment terminals

PETALING JAYA: Digi Telecommunications Sdn Bhd has teamed up with CIMB Group Holdings Bhd to roll out its wireless payment terminals, where businesses can easily accept credit and debit card payments securely anytime, anywhere. (1-0)

Solid banking performance

KUALA LUMPUR: Moody’s Investors Service says its six rated Malaysian banks showed a solid performance in 2017, with additional improvements likely in some areas in 2018, while asset quality will benefit from stronger macroeconomic conditions. (9-0)

Malaysian banks face risk on commercial real estate loans, says Moody’s

2018-03-12 themalaymailonline
The commercial real estate sector in Malaysia was a key concern for potential asset quality weakness, the credit rating agency said. — Ahmad ZamzahuriKUALA LUMPUR, March 12 — Malaysian banks face risks on their commercial real estate loans in 2018, although their overall asset quality is expected to remain stable on improving macroeconomic conditions and slower formation of new nonperforming loans, Moody’s said in a report. (3-0)

Moody’s sees Malaysian banks continuing solid performance in 2018

2018-03-12 themalaymailonline
The six banks in the report are Malayan Banking Bhd,CIMB Group Holdings Bhd, Public Bank Bhd, RHB Bank Bhd, Hong Leong Bank Bhd and AmBank (M) Bhd. — AFP picKUALA LUMPUR, March 12 — Moody’s Investors Service says its six rated Malaysian banks showed solid performance in 2017, with additional improvements likely in some areas in 2018. (9-0)

SE Asia stocks: Rise as pace of US rate hikes seen slowing after jobs data

2018-03-12 themalaymailonline
Malaysian shares rose about 0.7 per cent, with CIMB Group Holdings Bhd, up 1.4 per cent, contributing the most to the index gains. — Reuters picSINGAPORE, March 12 — South-east Asian stock markets rose today, tracking Asian peers, after chances of the US Federal Reserve hiking interest rates four times this year dimmed (1-0)

Moody's sees banks asset quality stabilise, profits improve

Moody's said the asset quality and profitability of the six banks generally improved in 2017, while their capitalisation and funding remained adequate. (9-0)

Treasury Pulse

DONALD Trump’s whole tariff fiasco heightened the volatility of the US dollar as it fluctuated between the week’s low of 89.618 and high of 90.179. (1-0)

Mixed fortunes for billionaire owners as stocks struggle to hold gains

KUALA LUMPUR: Billionaire bankers and palm oil planters continue to see their wealth grow year-to-date, as the share price of their flagship companies outperformed the broader stock market rise, fuelled by strong earnings outlook. (29-0)

CIMB launches 1-Minute Home Financing InstaApproval

2018-03-06 themalaymailonline
CIMB has launched the 1-Minute Home Financing InstaApproval where consumers will get a faster, secure, paperless applications for home loans. — Reuters picKUALA LUMPUR, March 6 — CIMB Group Holdings Bhd launched its 1-Minute Home Financing InstaApproval today, promising loan approvals within a 60 seconds of the full submission of documents. (5-0)

Digital banking hits South-East Asia

A NEW breed of digital-only banks are hitting South-East Asia. They are following the success of European digital pursuits by banking giants such as BNP Paribas in France and Virgin Money in the United Kingdom, which have invested heavily in technology to take on traditional high-street banks. (7-0)

Banks take cautious stance

LOCAL banking groups wrapped up financial year 2017 (FY17) on an overall strong note but most are anticipating challenging times ahead, if some of their key targets set for this year are anything to go by. (10-0)

CIMB looks to change with times

WITH just one year to go for CIMB Group Holdings Bhd ’s T18 programme, which seeks to strengthen the foundation of the banking group, the results of the sweeping revamp strategy are working. (1-0)

South-east Asia stocks subdued, US rate hike fears prompt risk aversion

2018-03-01 themalaymailonline
Singapore shares fell as much as 1 per cent to their lowest in more than a week. — Reuters picSINGAPORE, March 1 — South-east Asian stock markets were subdued today as Wall Street's slide overnight and revived fears of a rise in US interest rates dented risk appetite. (17-0)

CIMB sees loan growth improving

“Moving forward, we think the worst is over for CIMB and we are optimistic about 2018 in achieving our T18 targets, on the back of continued momentum in Malaysia and the expectation of further improvement in loan growth and asset quality across Indonesia, Thailand and Singapore,” Tengku Zafrul said (1-0)