Towards a Cashless Society — 14 Banks Now Offer DuitNow

DuitNow, a new electronic payment service from Payments Network Malaysia Sdn Bhd (PayNet) that allows bank customers to transfer money instantly and secure...

Banking & Investment

152

1d ago

Malaysian Authorities Declare Regulatory Intentions for Crypto

As the world is increasingly embracing Blockchain technologies, Malaysia recently took a significant step towards the inclusion of Crypto and digital asset...

Banking & Investment

174

8d ago

Greatest Threat for Malaysian Banks - Property Loans

The latest report by Moody’s Investors Service has set off alarm bells over the direction of Malaysia’s financial system, after the ratings agency call...

Banking & Investment

342

9d ago

Virtual Banks Can Give Conventional Banks a Run for Their Money

The rapid emergence of virtual banks in the past decade has proven to pose existential threats to conventional banks around the world, forcing them to keep...

Banking & Investment

89

04-12-2018

Lazada to Sell Houses Online

Lazada Group will begin selling houses on its online shopping platform soon and is planning its next shopping festival, 12.12, to boost sales. As it is,...

Banking & Investment

245

29-11-2018

Airport REIT, Departure Levy Pose Potential Constraints, Says Mavcom

The proposed Airport Real Estate Investment Trust (Airport REIT) and departure levy could materially constrain the development of the Aeronautical Charges ...

Banking & Investment

188

24-11-2018

M-REIT Industry Set for More Growth

Malaysia's iconic and jewelled assets are in M-REITs. Rare an excellent proxy to the Malaysian EAL estate investment trusts (REITs) property market. ...

Banking & Investment

176

23-11-2018

Only 55% of Malaysians Pay Their Bills on Time, Says AKPK

Agensi Kaunseling dan Pengurusan Kredit (AKPK) said that only 55% of Malaysians pay their bills on time, which is 25% below world average. AKPK chief e...

Banking & Investment

276

19-10-2018

44 Banks Want to Free You From the Hassle of Memorising Account Numbers

Some of you may have gotten a potentially questionable text from your banks—that your phone number might be integrated with something called ‘DuitNow',...

Banking & Investment

253

17-10-2018

We May Have to Come Up With New Taxes, Says Dr M

Putrajaya may need to devise new taxes in order to pay off the country's huge debts, according to Prime Minister Dr Mahathir Mohamad. He said there had ...

Banking & Investment

261

10-10-2018

Are Housing Loan Approvals Showing the True Picture?

As Malaysia's central bank, Bank Negara acts to promote monetary and financial stability and ensures that we have a strong financial sector that supports t...

Banking & Investment

267

08-10-2018

House Purchases: Need for Easier Financing Schemes

Bank Negara Malaysia should work out easier financing schemes for all property buyers instead of just focusing on first time house buyers and the Bottom 40...

Banking & Investment

268

06-10-2018

Impact Banking: Putting the Impact Back Into Islamic Finance

Getting arcane structures to be technically Shariah compliant has become a huge focus of Islamic finance, but a new initiative in Malaysia attempts to make...

Banking & Investment

203

23-09-2018

Malaysia August Inflation Pace Slowest in More Than 3 Years

With consumer prices rising at its slowest pace in more than three years, Malaysia's retail inflation was lower than expected in August official data showe...

Banking & Investment

63

23-09-2018

Putrajaya Committed to Raising Minimum Wage to RM1,500 Within Five Years, Says M Kula

Human Resources Minister M Kulasegaran said that the Pakatan Harapan government is committed to its 14th general election promise of raising the minimum wa...

Banking & Investment

174

19-09-2018

Buying and Selling Property With Cryptocurrency: Mainstream by 2020

Cryptocurrency is the enigmatic online currency that takes control out of the hands of the government. It is still in its infancy and, according to one exp...

Banking & Investment

149

18-09-2018

5 Ways to Invest in Real Estate Without Ever Buying Property

10% of the top fortunes in America have been built in real estate, according to Forbes. Although major deals may require large degrees of startup capita...

Banking & Investment

612

18-09-2018

CIMB to Offer Lower Financing Rates for Hybrid Vehicles and GBI-Certified Properties

CIMB Bank Berhad and CIMB Islamic Bank Berhad have rolled out preferential financing rates for new hybrid vehicles and residential properties certified und...

Banking & Investment

180

14-09-2018

Ringgit to Exchange Cautiously Against US Dollar Next Week

There is a risk aversion at the moment following fears over the contagious effect from Argentina, Turkey and South Africa alongside the expected imposition...

Banking & Investment

175

14-09-2018

Economists: Malaysia More Insulated From Emerging Market Financial Contagion

The sharp plunge in the Argentine Peso (ARS) following the footsteps of the Turkish Lira (TRY) has raised concerns again about the risk of a contagion effe...

Banking & Investment

242

13-09-2018

Malaysia: Economy Off to a Good Start in Third Quarter

Industrial production grew by 2.6% year-on-year in July, surpassing the consensus estimate of 1.4%. With the slowdown in GDP growth, both exports and p...

Banking & Investment

136

13-09-2018

90% of Affordable Home Loans Are Rejected, So Here's How Loanplus Aims to Help

From 2016 to early 2017, only 24% of new property launches were in the range of approximately RM250k, which indicates an undersupply of affordable homes, a...

Banking & Investment

212

12-09-2018

Singapore Leads Outbound APAC Investment - CBRE

According to CBRE's latest infographic, Asia Pacific's outbound investment trends are being led by Singapore. CBRE Executive Director for Capital Market...

Banking & Investment

133

10-09-2018

Malaysia Central Bank Holds Rate Amid Subdued Inflation

Malaysia's central bank maintained its benchmark interest rate on the back of low inflation and tempered economic growth expectations for the year. This mo...

Banking & Investment

146

07-09-2018

OCBC Malaysia Banks on Cautious but Continued Growth

Despite the expectation of this year to be a challenging one for banks nationwide, OCBC Bank (Malaysia) Bhd (OCBC Malaysia) remains optimistic about the fu...

Banking & Investment

151

06-09-2018

Bank Negara's International Reserves at RM104.5bil as of July 31

Bank Negara Malaysia's international reserves amounted to US$104.5 billion as at July 31 this year. This was a marginal 0.096 percent lower than the US$...

Banking & Investment

257

08-08-2018

Better Recognition Will See Cryptocurrencies Grow

Industry players mooted that with better recognition from regulators, the cryptocurrency industry will see a more positive growth. Bank Negara Malaysia ...

Banking & Investment

227

05-07-2018

Banks Waive Fee for Instant Interbank Fund Transfer

In line with Malaysia's central bank policy, banks are now offering free Instant Interbank Fund Transfer (IBFT). Last December, Bank Negara announced i...

Banking & Investment

259

03-07-2018

Government Looking to Replace Ringgit Notes With New Ones

The government is looking to replace the current currency notes with new ones to combat corruption. Prime Minister Tun Dr Mahathir Mohamad said in an in...

Banking & Investment

368

27-06-2018

Banks Exercise Considerable Flexibility in Granting Housing Loans, With Three in Four Loans Approved

In slamming reports that banks are too strict with housing loans, Bank Negara Malaysia clarified that financial institutions exercise "considerable flexibi...

Banking & Investment

300

25-06-2018

Maybank Mulls Demolishing Jalan Pantai Branch Building

Malayan Banking Berhad (Maybank) has temporarily halted plans to renovate its Kota Kinabalu branch at Jalan Pantai due to structural issues and is consider...

Banking & Investment

2,074

29-05-2018

Maybank Islamic Opens Rent-to-Own Scheme to Secondary Market

Maybank Islamic Bhd's Rent-to-Own (RTO) scheme, HouzKEY has been expanded to include properties in the secondary market to cater to customers' demand for a...

Banking & Investment

284

21-05-2018

Maybank MaxiHome Ezy Offers Lower Monthly Repayments

In a bid to help first-time buyers get up the property ladder, Maybank introduced a new affordable housing loan scheme, in which it offers RM10 billion wor...

Banking & Investment

271

08-05-2018

Maybank Revises Base Rate Upwards to 3.25 Percent

Maybank will be revising upwards its base rate (BR) to 3.25 percent per annum from three percent per annum and base lending rate to 6.90 percent per annum ...

Banking & Investment

301

31-01-2018

Putrajaya Proposing Lower House Loan Interest Rate, Even as BNM Hikes OPR

Putrajaya said today it will submit a proposal to Bank Negara Malaysia (BNM) proposing a lower mortgage interest rate, in a bid to reduce the overall finan...

Banking & Investment

929

26-01-2018

First Syariah Alternative to Securities Borrowing and Lending Launched

Bursa Malaysia yesterday launched the world's first syariah-compliant alternative to Securities Borrowing and Lending (SBL). Chief executive officer Dat...

Banking & Investment

334

370d ago

Declining MGS Yields in May Makes REITS More Appealing

Real estate investment trusts (REITs) are on track to see marginal earnings recovery this financial year, as a decline in Malaysian Government Securities (...

Banking & Investment

545

08-06-2017

Ringgit Extends Gains Against US$ Early Wednesday

The ringgit extended Tuesday's gains to open higher against the US dollar on Wednesday as more investors shifted their interest towards emerging currencies...

Banking & Investment

783

03-05-2017

Foreign Purchases Slow but Steady on Bursa

MIDF Amanah Investment Sdn Bhd (MIDF Research) observed that foreigners took their foot off the pedal as the amount purchased in the open market – e...

Banking & Investment

460

18-04-2017

Rise in Property Loan Approval Is Not Sustainable

There are hundred of new launches and properties in the market. Hence, making these properties attainable requires strong monetary backing from the financi...

Banking & Investment

639

30-03-2017