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Headline News

Maybank targets 100m debit card transactions in 2018

2018-02-22 themalaymailonline
Maybank is leader in the debit card business with a 37.4 per cent market share. — File picKUALA LUMPUR, Feb 22 — Malayan Banking Bhd (Maybank) aims to increase its debit card transactions to 100 million from 65 million last year. (2-0)

Malaysia’s about to get real for foreign insurers

2018-02-22 themalaymailonline
Malaysia will require overseas insurance firms to jettison at least 30 per cent of their domestic businesses via strategic stake sales or local initial public offerings by the end of June in order to comply with new foreign ownership rules. — Reuters pic HONG KONG, Feb 22 — What’s long been one of the most attractive markets for insurers in Asia is turning ugly. (4-0)

Malaysia's About to Get Real for Foreign Insurers - Bloomberg

2018-02-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (7-0)

Diary Malaysia 2018 corporate earnings

KUALA LUMPUR: Following is a list of release dates for the quarterly earnings of some top Malaysia-listed companies. (42-0)

Recalcitrant Zuma Shakes Traders' Conviction on Rand's Direction - Bloomberg

2018-02-13 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)

KWAP targets ‘sustainable‘ firms

Chief executive officer Datuk Wan Kamaruzaman Wan Ahmad(pic) said KWAP has invested more than RM2bil of its AUM into ESG-related assets. (16-0)

Malaysia ETFs in Focus on Interest Rate Hike

2018-01-29 zacks
Malaysia’s central bank, Bank Negara Malaysia, hiked its key interest rate for the first time since July 2014. The move was largely expected, as 16 out of 20 economists surveyed by Bloomberg predicted this hike. (34-0)

Malaysia stocks hit near three-year high as Philippines, Indonesia retreat

2018-01-29 themalaymailonline
An index of the country’s 45 most liquid stocks fell 0.4 per cent. Malaysian shares extended gains into a third session, rising as much as 0.6 per cent, and hit their highest since late April 2015. — Bernama picBENGALURU, Jan 29 — Philippine and Indonesian shares came off record peaks to trader slightly lower today, while Malaysia climbed to a near three-year high, supported by gains in financials. (11-0)

Fishing in troubled waters

The Ng family, which traces its roots to Melaka but is now based in Hong Kong, is at odds with an array of international bankers seeking to recover some US$1.7bil (RM6.58bil) through exposure to China Fishery. At least one banker has lost his job. Others were reprimanded because of lapses in the due diligence process. (19-0)

Bank Negara moves to signal low interest rate days are over

AllianceDBS Research chief economist Manokaran Mottain said the hike will directly increase the base financing rate by as much as 25bps and deposit rates by as much as 20bps. “For the banking industry, the rate hike means higher margins from variable rate products,” he said in a report. (90-0)

Malaysian banks gain on rate hike news

2018-01-25 themalaymailonline
Share prices of major local financial institutions rise after Bank Negara Malaysia announces a 25 basis point increase to its overnight policy rate. — Reuters file picKUALA LUMPUR, Jan 25 — Stocks of major local financial institutions rose after Bank Negara Malaysia announced a 25 basis point increase to its overnight policy rate, with some hitting historic highs. (6-0)

Wahid confident of Malaysian stock market performance

“2017 has been a good year for Malaysia overall. The effect has been felt in the stock market,” Wahid said on the sidelines of Invest Malaysia 2018 after taking part in a panel discussion on “Policies, Capital Markets and the Role of Corporate Malaysia for a Sustainable Future”. (6-0)

SC: Only 7of top 100 listed companies have all-male board members

The SC said in a statement that the seven remaining companies were Affin Holdings Bhd, Alliance Bank Bhd, Batu Kawan Bhd, Fraser & Neave Holdings Bhd, Genting Plantations Bhd, Genting Malaysia Bhd and UOA Development Bhd. Currently, the SC and the 30% Club Malaysia have been actively engaging the companies. (15-0)

Moody's assigns A3 to Maybank's HK$ senior notes due 2023

SINGAPORE: Moody's Investors Service has assigned an A3 long-term foreign currency senior unsecured debt rating to Malayan Banking Bhd 's HK$701mil fixed rate notes. The rating agency said on Thursday the notes, issued under the bank's US$15bill multicurrency medium term note (MTN) programme will mature in January 2023. “The outlook on the A3 debt rating is stable, in line with the stable outlook on Maybank's ratings,” it said. (2-0)

Old deal resurfaces

while private equity funds are not exactly the flavour of Bank Negara. That probably leaves only the local financial players as the favourites to land the stake. (8-0)