Bank Negara: Malaysia records 11.5bil e-payment transactions in 2023
KUALA LUMPUR: Electronic payment (e-payment) adoption among Malaysians continued to increase in 2023 to 11.5 billion transactions compared to 9.5…
Category: Banking
Bank of Japan scraps radical policy, makes first rate hike in 17 years
TOKYO: The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy…
Singaporean bank UOB aims to double private wealth assets by 2026
SINGAPORE: Singaporean lender United Overseas Bank (UOB) is planning to double its private wealth assets under management over the next couple…
Hong Leong Islamic Bank launches halal business financing solution
KUALA LUMPUR: Hong Leong Islamic Bank (HLISB) has introduced an integrated Islamic banking solution that helps businesses, especially SMEs, operate…
BOJ chief Ueda slightly tones down optimism on economy
TOKYO: Bank of Japan Governor Kazuo Ueda said on Tuesday the economy was recovering but also showing some signs of…
ECB to hold rates and take baby steps towards first cut
FRANKFURT: The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps…
Bank Negara’s international reserves down to US$114.3bil
KUALA LUMPUR: Bank Negara’s international reserves amounted to US$114.3bil as at Feb 29, down from US$115.4bil as at Feb 15.
Fed’s Kashkari sees two rate cuts at most this year
MINNEAPOLIS Federal Reserve Bank President Neel Kashkari on Wednesday signaled that stronger economic data since the start of the year…
Banks expect net interest margins to face pressure
Some banks are expecting net interest margins (NIMs) to face some pressure as deposit rates may take time to normalise…