MALAYSIA’s central bank made an unexpected move to raise its benchmark interest rate on Wednesday (May 11), which came as a surprise to economists who feel the move could hurt market sentiment and slow down the pace of economic recovery.
THE Islamic banking market in South-east Asia is set to post a compound annual growth rate of 8 per cent over the next 3 years, said S&P Global Ratings.
Malaysia’s central bank is likely to maintain its historical low benchmark interest rate at the end of its third monetary policy meeting of the year on Wednesday (May 11) to support the country’s economic growth, analysts told The Business Times.
DEMAND for Singapore Savings Bonds (SSBs) has risen to the highest it has been since July 2019, as yields continue on an upward trend.
AZALEA Asset Management, an indirect subsidiary of Temasek Holdings, is launching a new series of bonds back by 38 private equity (PE) funds.
JAMES Henry O’Sullivan, a 47-year old British national linked to the Wirecard scandal, has been charged with 2 more counts of abetting the falsification of documents.
MALAYSIA telco Axiata Group and utilities provider YTL Power are unlikely to see material contributions from their digital banking units in the initial years, although their new digital bank licences should offer them another value creation avenue, Maybank said on Thursday (Apr 5).
GRAB likely has an advantage over its other digital bank competitors in Malaysia given its e-wallet share in the country, Maybank said on Sunday (May 1).
RHB on Wednesday (May 4) downgraded UOB to “neutral” from “buy” and lowered its target price to S$32.70 from S$38.10 as it expects headwinds to moderate growth for the bank’s FY2022.
National Australia Bank (NAB) said on Monday (May 2) that it had entered into an agreement with Australia’s financial crime regulator to address concerns around suspected serious breaches of anti-money laundering and counter-terrorism laws at the lender.
Skip to toolbar