KUALA LUMPUR, Sept 23 — Ninety-eight per cent of applications for moratorium extension and targeted bank assistance have been approved, says Prime Minister Tan Sri Muhyiddin Yassin.

KUALA LUMPUR, Sept 8 — Clouded by the fragile global economic situation resulted from the Covid-19 pandemic, the Malaysian banking sector has shown a subdued performance but remains resilient and continues to generate profit.

KUALA LUMPUR, Sept 3 — Amanah Saham Nasional Bhd (ASNB) has advised Amanah Saham Bumiputera (ASB) investors taking ASB financing to contact their respective banks to obtain a lower financing rate following Bank Negara Malaysia’s reduction of the overnight policy rate (OPR).

PUTRAJAYA, June 1 — The RM1 fee waiver for Automated Teller Machine (ATM) withdrawals made through MEPS will remain in force throughout the conditional movement control order (CMCO) which is scheduled to end on June 9, said Senior Minister (security cluster) Datuk Seri Ismail Sabri Yaakob.

KUALA LUMPUR, May 27 — While digital banks are disruptors relative to traditional banks and will intensify competition, their impact will be limited in the next three years, given the regulatory restrictions on their asset size, that is, not more than RM2 billion, said RAM Rating Sdn Bhd (RAM Ratings).

PUTRAJAYA, May 8 — Borrowers and clients who wish to continue with the six-month moratorium need to inform their respective banks of their consent via the banks’ designated platforms, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, May 6 — No additional interest/profit charges will be imposed on borrowers with hire purchase loans or financing during the six-month moratorium period, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today urged financial institutions to consider abolishing the accrued interest (on hire purchase loans) or profits (on fixed-rate Islamic financing) during the six-month moratorium period.

KUALA LUMPUR, April 30 — Bank Negara Malaysia (BNM) has required banking institutions to take appropriate steps to ensure that borrowers and customers are provided with clear information on the process and changes to the terms of their agreements.

By Ida Nadirah Ibrahim SHAH ALAM, April 3 — The Federal government will waive the RM1 charge for inter-bank banking transactions at ATM machines beginning Monday (April 6). Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob said the move is to reduce the number of customers...