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Father of Malaysian Islamic banking, Abdul Halim Ismail passes away

Father of Malaysian Islamic banking, Abdul Halim Ismail passes away

His dedication and pioneering spirit played an important role in shaping the journey of Bank Islam as well as leaving a lasting impact on the development of Malaysia's Islamic finance industry.
Sun Oct 20 2024
Pantau Belanjawan: Banking solutions: Bridging the financial divide for MSMEs

Pantau Belanjawan: Banking solutions: Bridging the financial divide for MSMEs

As we’ve seen, MSMEs are the backbone of our economy, and their success is crucial for economic stability and growth. Pantau Belanjawan will delve into the complexities of lending to MSMEs, the varying risk appetites of banks, and the critical need for supportive policies and systems. The key questions we must continue to address are how can we develop innovative solutions that bridge the financial gap and support the growth of MSMEs? Full discussion with Partner AC Ventures.
Tue Oct 01 2024
[COLUMNIST] BRICS' currency dilemma: A necessary quality leap beyond the dollar

[COLUMNIST] BRICS' currency dilemma: A necessary quality leap beyond the dollar

It is important to note that earlier MCC-based systems were often undermined by those in control of existing international banking system.
Mon Sep 16 2024
No need to panic about increase in cyber attacks - Teo

No need to panic about increase in cyber attacks - Teo

The Cyber Security Bill aims to defend critical infrastructure, including data centres, hospitals, banking and communication systems.
Mon Apr 01 2024
1MDB: Banking documents received by MACC not given to defence team as they were not relevant to the case - Court told

1MDB: Banking documents received by MACC not given to defence team as they were not relevant to the case - Court told

Nur Aida Arifin said the documents were received from Hong Kong and Switzerland via Mutual Legal Assistance to help investigate 1MDB case.
Mon Feb 19 2024
Vircle receives venture capital injection in its mission to financially empower school children nationwide

Vircle receives venture capital injection in its mission to financially empower school children nationwide

Vircle aims to reshape financial education and banking for children through its app.
Tue Oct 31 2023
Jho Low opened company account three months before receiving 1MDB's US$700 mln

Jho Low opened company account three months before receiving 1MDB's US$700 mln

The 47th prosecution witness said according to the banking records, 1MDB instructed Deutsche Malaysia to make this transfer (US$700 mln).
Wed Aug 30 2023
Astro secures RM400 mil term loan facility from SMBC

Astro secures RM400 mil term loan facility from SMBC

The term loan is available for multiple drawdowns and the first drawdown shall be made within 3 months from the date of the Facility Agreement.
Mon Aug 14 2023
PTPTN loan repayment discount initiative on offer until May 31

PTPTN loan repayment discount initiative on offer until May 31

PTPTN has provided various channels for borrowers to make repayments including online through the myPTPTN application and internet banking.
Fri May 26 2023
[COLUMNIST] Exploring an alternative payment settlements system

[COLUMNIST] Exploring an alternative payment settlements system

The Asean version combines the best of both worlds, i.e., both SWIFT and TARGET2.
Thu Apr 13 2023
Tengku Zafrul: ASEAN, China must cooperate to mitigate risks, unlock economic gains

Tengku Zafrul: ASEAN, China must cooperate to mitigate risks, unlock economic gains

Tengku Zafrul said the risks included "a slowdown in China's economic growth and the contagion risk of potential global banking".
Wed Mar 29 2023
Malaysian banks remain resilient, Credit Suisse incident unlikely to happen here - BNM Governor

Malaysian banks remain resilient, Credit Suisse incident unlikely to happen here - BNM Governor

Nor Shamsiah said the banking sector maintains healthy levels of capital and liquidity buffers.
Wed Mar 29 2023
Malaysia's banking system remained well-capitalised in 2H22 - BNM

Malaysia's banking system remained well-capitalised in 2H22 - BNM

The report said returns on assets and equity of the banking system correspondingly improved to 1.4 per cent and 12.4 per cent respectively.
Wed Mar 29 2023
US stocks plummet 1.6 per cent after Fed shakes markets with another rate hike

US stocks plummet 1.6 per cent after Fed shakes markets with another rate hike

The Fed raised its benchmark interest rate by another 25 basis points despite a banking crisis causing turmoil in the US financial sector.
Thu Mar 23 2023
Asian shares subdued after Fed hints at rate pause

Asian shares subdued after Fed hints at rate pause

Asian shares inched higher after the Fed Reserve hinted it could pause interest rate hikes following turmoil in the banking sector.
Thu Mar 23 2023
Abidin takes oath of office as Sungai Bakap assemblyman

Abidin takes oath of office as Sungai Bakap assemblyman

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
Fri Nov 22 2024
UPNM cadet officer charged with injuring junior, stomping on him with spike boots

UPNM cadet officer charged with injuring junior, stomping on him with spike boots

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
Fri Nov 22 2024
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Fri Nov 22 2024
Elon Musk blasts Australia's planned ban on social media for children

Elon Musk blasts Australia's planned ban on social media for children

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.
Fri Nov 22 2024
Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Trump picks Pam Bondi for US Attorney General after Gaetz withdraws

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.
Fri Nov 22 2024
Ringgit extends uptrend against greenback in early trade

Ringgit extends uptrend against greenback in early trade

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.
Fri Nov 22 2024
Lebanon's only burn unit treats toddlers after Israeli strikes

Lebanon's only burn unit treats toddlers after Israeli strikes

The hospital hallways echo with the screams of children as anxious parents await news from doctors.
Fri Nov 22 2024
AI revolutionising sports to develop world-class athletes

AI revolutionising sports to develop world-class athletes

Can a young Orang Asli child from Gua Musang, Kelantan be turned into an Olympic champion in 2036?
Fri Nov 22 2024
Selangor records 1,354 out-of-wedlock teen pregnancies from 2023 to Sept 2024

Selangor records 1,354 out-of-wedlock teen pregnancies from 2023 to Sept 2024

Anfaal Saari emphasises the seriousness of the issue, especially involving children and teenagers under 18 years old.
Thu Nov 21 2024
ICC issues arrest warrants for Netanyahu and Gallant

ICC issues arrest warrants for Netanyahu and Gallant

The International Criminal Court (ICC) has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
Thu Nov 21 2024