Digital banks will not affect traditional banks in Malaysia
KUALA LUMPUR: The emergence of digital banks in Malaysia does not significantly impact traditional banks, primarily due to their limited…
Banking
Bank Negara international reserves fall to US$112.8bil
KUALA LUMPUR: Bank Negara’s international reserves fell to US$112.8bil as at April 30 compared with US$113.4bil as at April 15.
UOB posts small drop in quarterly profit, confident of maintaining key margin level
SINGAPORE: Singapore's United Overseas Bank (UOB) posted a smaller-than-expected 2% drop in first-quarter profit on Wednesday and said it was…
Singapore’s MAS asks DBS to identify reasons for disruptions, The Strait Times reports
SINGAPORE's central bank is following up with DBS Bank, the banking arm of DBS Group, to identify the root cause…
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
KUALA LUMPUR: AmBank Group has announced an additional RM400mil financing under the SME Portfolio Guarantee Scheme with guarantee from Credit…
UOB Malaysia launches Masterclass to help businesses for EU’s Carbon Border Policy
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has launched the Carbon Border Adjustment Mechanism (CBAM) Supply Chain Imperatives…
UBS reports first profit since taking over Credit Suisse
ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival…
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON: Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the…
Hong Kong central bank keeps key rate unchanged, tracks Fed move
HONG KONG: The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at…