Bank Rakyat Offers Flood Victims 6-month Moratorium

KUALA LUMPUR, Dec 3 (Bernama) -- Bank Rakyat has offered a flood assistance facility that includes a moratorium of up to six months to individual and business customers affected by the floods.

Malaysian Banks To Record Higher Profits In 2025 -- Economist

KUALA LUMPUR, Dec 3 (Bernama) -- Malaysia’s banking sector is projected to continue recording higher profits in 2025, supported by steady loan growth, a stable interest rate environment, and non-interest income, said an economist. 

AWS Announces Malay-language Gen-AI LLM, MaLLaM, On Its Cloud Services

LAS VEGAS, Dec 2 (Bernama) -- Amazon Web Services (AWS) today announced that Mesolitica, a Malaysian startup specialising in training large language models (LLMs), has built a Malay-language generative artificial intelligence (gen-AI) LLM called MaLLaM on its cloud services.

A Humble Business Giant: Remembering Ananda Krishnan Through The Eyes of A Friend

By Kisho Kumari Sucedaram

PETALING JAYA, Dec 2 (Bernama) -- In a world where the success of business tycoons is often accompanied by fame, grandeur, and publicity, one individual stands out for shunning the limelight despite being among Malaysia’s richest men – Ananda Krishnan.

Bursa Malaysia Ends Marginally Higher

KUALA LUMPUR, Dec 2 (Bernama) -- Bursa Malaysia closed marginally higher today as gains in plantation counters were trimmed by profit-taking activities in selected index-linked financial services heavyweights.

RHB, SME Bank, AmBank, Public Bank Launch Flood Relief Assistance To Affected Customers

KUALA LUMPUR, Dec 2 (Bernama) -- RHB Banking Group (RHB) has launched its flood relief assistance programme, offering immediate financial relief and long-term recovery support to individuals, micro, small and medium enterprises (MSMEs), available from now until Jan 31, 2025.

Maybank Launches 'Finding MAEllionaire' Campaign

KUALA LUMPUR, Nov 29 (Bernama) -- Malayan Banking Bhd (Maybank) has introduced its "Finding MAEllionaire" campaign, offering customers the chance to win RM1 million in cash.  

Remembering Ananda Krishnan

By Azman Ujang

 KUALA LUMPUR, Nov 29 (Bernama) -- Billionaire tycoon T. Ananda Krishnan, who died yesterday at age 86, hardly gave exclusive media interviews, if any, earning him the reputation of a reclusive among Malaysia's richest men.

Hong Leong Offers Six-month Payment Deferment To Customers Affected By Floods

KUALA LUMPUR, Nov 29 (Bernama) -- Hong Leong Bank and Hong Leong Islamic Bank are offering to defer payments for loans, financing facilities and credit cards for six months for affected flood customers.

RHB Bank Posts Higher Net Profit Of RM833.19 Mln In 3Q FY2024

KUALA LUMPUR, Nov 29 (Bernama) -- RHB Bank Bhd's net profit surged to RM833.19 million in the third quarter ended Sept 30, 2024 (3Q FY2024) from RM649.95 million in the same period last year, attributable to higher total income and lower expected credit losses (ECL).

Malaysia's Official Reserve Assets At US$117.59 Bln As At End-October 2024 - BNM

KUALA LUMPUR, Nov 29 (Bernama) --The official reserve assets amounted to US$117.59 billion, while other foreign currency assets amounted to US$5.7 million as at end-October 2024, said Bank Negara Malaysia (BNM). 

Hong Leong Bank Posts Higher 1Q Net Profit Of RM1.09 Bln

KUALA LUMPUR, Nov 28 (Bernama) -- Hong Leong Bank Bhd’s net profit rose 5.8 per cent to RM1.09 billion in the first quarter ended Sept 30, 2024 (1Q FY2025) from RM1.03 billion in the same period last year.