MBSB Bank provides RM29.6mil financing to Bisajuta for Sabah infrastructure projects
KUALA LUMPUR: MBSB Bank Bhd has provided RM29.6 million in financing facilities to Sabah-based contractor Bisajuta Sdn Bhd to support four public infrastructure projects.
Citi appoints Yik Ping Chong as Malaysia commercial banking head
KUALA LUMPUR: Citi has appointed Yik Ping Chong as head of Citi Commercial Bank (CCB) Malaysia, effective immediately.
Maybank, Asian Banking School collaborate on wealth advisory certification
KUALA LUMPUR: Malayan Banking Bhd (Maybank) and the Asian Banking School (ABS) have signed a memorandum of understanding (MoU) to explore the development of a professional certification framework for wealth advisory in Malaysia.
Melvin Ooi joins Bank Islam as group chief technology officer
KUALA LUMPUR: Bank Islam Malaysia Bhd has appointed Melvin Ooi as group chief technology and transformation officer (GCTTO), further strengthening the group's leadership capabilities in technology, innovation and enterprise transformation.
Hong Kong Monetary Authority raises interest rates, tracking Fed move
HONG KONG: The Hong Kong Monetary Authority on Thursday raised its base interest rate charged via the overnight discount window by 25 basis points to 4.25%, tracking a hike by the U.S. Federal Reserve.
Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation
WASHINGTON: The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration's inability so far to control inflation.
Alliance Bank named Malaysia’s Best Bank for SMEs by Euromoney
PETALING JAYA: Alliance Bank Malaysia Bhd has been named Malaysia's Best Bank for SMEs at the Euromoney Awards for Excellence 2026.
Banks expected to remain resilient amid mounting 2H pressures
The local banking sector is expected to remain resilient in the second half of financial year 2026 (2H26) despite a more challenging operating environment, with higher-for-longer global interest rates, market volatility and tighter domestic funding conditions likely to keep pressure on margins, says CIMB Research.
Maybank Indonesia begins operating as integrated financial group
JAKARTA: PT Bank Maybank Indonesia Tbk (Maybank Indonesia) has begun operating as an integrated financial group, bringing together its banking and other financial services under a single ecosystem.
ECB’s Kazaks sees growing case for more tightening
FRANKFURT: The European Central Bank (ECB) may need to gradually raise interest rates further to curb inflation before an Iran war-driven rise in fuel costs starts seeping through to wages and other prices, ECB policymaker Martins Kazaks says.
