Corruption
Court Rejects DNAA Bid in Abu Sahid, Wife’s CBT and Money Laundering Case
Sessions Court rejects DNAA bid by Abu Sahid and wife, ordering prosecution to proceed with CBT and money laundering trial.
Category: Banking and Finance
Economy and Business
CIMB Retains BUY As Indonesian Franchise Supports Upside
CIMB retains its BUY call with a revised RM10.00 target price, supported by resilient earnings, improving asset quality, strong dividends and embedded optionality.
Singapore
Singapore Bank Stocks Surge on Strong Earnings and Rising Interest Rates
Singapore bank stocks soar on strong earnings, dividends, and higher interest rates, reinforcing investor confidence and driving record valuations.
Business News
Indonesia Consumer Confidence Slips for Third Month
Indonesia’s consumer confidence eased for a third consecutive month in July, signaling softer domestic demand despite sentiment remaining firmly in optimistic territory.
Banking and Finance
RHB and Bursa Malaysia Expand Investor Outreach in Melaka
RHB and Bursa Malaysia host investor outreach in Melaka, highlighting capital market growth, digital innovations, and state’s economic momentum.
Banking and Finance
Maybank to Fully Own Etiqa in RM4.83 Billion Deal
Maybank will acquire the remaining stake in Etiqa for RM4.83 billion, strengthening its insurance business, boosting earnings, expanding cross-selling opportunities, and reinforcing long-term growth…
Business News
Peak Sale Periods Are Stress-Testing Malaysia’s Payment Experience
In Malaysia's e-commerce sector, major promotional campaigns like 11.11 and 12.12 highlight the importance of a smooth payment experience. As digital payment usage rises,…
Banking and Finance
Hong Leong and AmBank maintain strong growth prospects
HL Bank and ABMB maintain BUY ratings, with strong loan growth, dividend yields, and defensive positioning despite sector challenges.
Property and Construction
Australia’s Property Boom Faces Sharp Downturn Amid Tax Changes
Australia’s property boom falters as tax changes drive price falls, rents rise, and analysts warn affordability gains may be short-lived.
SME
Improving SME Financing Access Seen as Crucial to Sustaining Growth Momentum
Efforts to improve financing for SMEs are crucial for economic growth and resilience in Malaysia.
Money and Investment
Wise Links with PayNet to Expand DuitNow QR Payments Across Malaysia
Wise's integration with PayNet enhances digital transactions in Malaysia, promoting convenience, efficiency, and financial inclusion.
Business News
Fiuu Secures JCB Direct Acquiring Licence to Expand Regional Payment Capabilities
Fiuu has secured a JCB Direct Acquiring licence, strengthening card acceptance across Malaysia, Singapore and the Philippines while supporting regional merchant growth.
Stocks and Markets
CIMB GROUP: Revisiting old flame?
CIMB is favored for its attractive yields, as Malaysian banks show potential for re-accumulation due to valuation gaps.
Banking and Finance
FBM KLCI Retreats as Banking Profit-Taking Offsets Broader Market Strength
FBM KLCI slipped on banking profit-taking despite broad market gains, with technology and energy stocks leading sectoral advances.
ASEAN
CIMB Launches Private Wealth to Strengthen Affluent Banking Across ASEAN
CIMB launched Private Wealth to provide affluent ASEAN clients with personalised advisory, investment and legacy planning solutions across the region.
Business News
CIMB, Cagamas Complete Malaysia’s First MYOR-i Benchmark Islamic Capital Market Transactions
Four Malaysian companies received six approvals for ARM technology, enhancing local innovation and positioning in the semiconductor market.