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Corporate : banking

APAC Banking Sector Remains Mostly Resilient Amid US Tariff Risks - Fitch Ratings

KUALA LUMPUR, April 17 (Bernama) --  Fitch Ratings is maintaining its mostly neutral outlook for the banking sector across several Asia Pacific (APAC) economies, including Malaysia, noting that they are more resilient to a higher United States (US) tariff regime.

Hibiscus Petroleum Signs RM439 Mln Islamic Financing Deal With Brunei Banks

KUALA LUMPUR, April 17 (Bernama) -- Hibiscus Petroleum Bhd, through its wholly owned subsidiary Simpor Hibiscus Sdn Bhd, has signed a long-term US$100 million (RM439 million) Islamic syndicated financing agreement with Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank.

EXIM Bank Strengthens Malaysia’s Global Trade With RM87.80 Mln Financing For Pertama Ferroalloys

KUALA LUMPUR, April 17 (Bernama) -- Export-Import Bank of Malaysia Bhd (EXIM Bank) has strengthened Malaysia’s global trade with the signing of a US$20 million (RM87.80 million) supplier financing facility agreement with Pertama Ferroalloys Sdn Bhd to support the expansion of the company’s production capacity in Bintulu, Sarawak.

Affin Shareholders Approve All AGM Resolutions, Proposes Bonus Issue Amid Strong FY2024 Performance

KUALA LUMPUR, April 16 (Bernama) -- Shareholders of Affin Group approved all ten resolutions tabled at the bank’s 49th Annual General Meeting (AGM) today.

Bank Rakyat Declares 17 Pct Dividend For FY2024, Posts RM1.82 Bln Profit

KUALA LUMPUR, April 16 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has announced a dividend distribution of 17 per cent, amounting to RM486.32 million for the financial year ended Dec 31, 2024 (FY2024).

Bank Muamalat's Unit Launches New Shariah-compliant Gold Investment Fund

KUALA LUMPUR, April 16 (Bernama) -- Bank Muamalat Malaysia Bhd’s wholly-owned subsidiary Muamalat Invest Sdn Bhd has launched a new Shariah-compliant gold investment fund, the Muamalat-i Gold Fund (MiGOLD).

CIMB’s Visa Debit Card First In Malaysia To Offer Transport-related Benefits

KUALA LUMPUR, April 16 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have introduced Malaysia’s first transport-related debit card benefits via the CIMB Visa Debit Card.

Bank Rakyat Names Ahmad Shahril CEO

KUALA LUMPUR, April 15 (Bernama) -- Bank Rakyat has appointed Ahmad Shahril Mohd Shariff as chief executive officer (CEO), effective April 9, 2025.

Maybank Expands QR Payment Access To Cambodia Via MAE App

KUALA LUMPUR, April 15 (Bernama) -- Malayan Banking Bhd (Maybank) customers travelling to Cambodia can now make instant KhmerQR retail payments via the MAE mobile application at a low currency conversion fee.

Maybank Launches Global Access For Seamless, Shariah-compliant International Banking

KUALA LUMPUR, April 14 (Bernama) -- The Maybank Group has launched Maybank Global Access, a solution that seamlessly integrates a Shariah-compliant multi-currency account called the Global Access Account-i with the Maybank Global Access Mastercard World debit card.

Palm Oil Stock Level Likely To Increase Further This Month

KUALA LUMPUR, April 11 (Bernama) -- Palm oil stock level will likely rise further in April 2025 on the back of weak crude oil prices, an absence of festive-driven demand and natural cyclical patterns.

Singapore's Black Group Acquires LifeBank To Boost Distribution Of Healthy Ageing Solutions

SINGAPORE, April 10 (Bernama) -- Singapore-based Black Group Investment Holding has acquired LifeBank Stem Cells, a distributor of stem cell banking and cellular therapy solutions, underscoring its commitment to expanding its network in support of healthy longevity and active ageing.