[ KUALA LUMPUR: Here is a recap of the recent corporate announcements that could draw investor interest. Malayan Banking Bhd has obtained a summary judgement at the High Court against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on … Read more
[ KUALA LUMPUR: Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation of the root cause leading to the incidents. The central bank said in a statement on Tuesday night that both banks were also required to provide corrective and preventive measures undertaken to avoid a … Read more
[ KUALA LUMPUR: Malayan Banking Bhd (Maybank) is poised to capitalise on identified business growth in key areas of Group Community Financial Services, Group Global Banking and Group Insurance and Takaful in the home markets. In its annual report 2023 filed with Bursa Malaysia, Maybank said the focus will cut across fund-based and fee-based income, … Read more
[ KUALA LUMPUR: The government has urged the country’s banking industry to remain competitive in dealing with the concurrent three Cs phenomenon in postnormal times — complexity, chaos and contradictions. Prime Minister Datuk Seri Anwar Ibrahim said that given the financial industry’s vital role in supporting the national economy, banks need to have a strong … Read more
[ KUALA LUMPUR: Malayan Banking Bhd (Maybank) aims to disburse around RM18 billion of small and medium enterprises (SME) financing in 2024, representing a 13 per cent growth to further accelerate its customers’ transition to a more viable future. Group chief executive officer for community financial services Datuk John Chong said the bank mobilised close … Read more
[ KUALA LUMPUR: Companies that could be in the spotlight following recent announcements include Kerjaya Prospek, Maybank, Eversendai, JcbNext, EPMB, PGF Capital and Meta Bright, said Apex Securities Research. Kerjaya Prospek Group Bhd has bagged a contract worth RM170.94 million from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd, for the … Read more
[ KUALA LUMPUR: Malayan Banking Bhd (Maybank) is offering flood relief assistance to ease the financial burden faced by individuals, small and medium enterprises (SME), and other non-retail Maybank customers affected by the floods. The list of assistance includes deferment of financing/loan repayment, a reduction in monthly instalments, or an extension of repayment tenure. In … Read more
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