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KUALA LUMPUR, July 16 (Bernama) -- CIMB Islamic Bank Bhd and Cagamas Bhd have partnered to execute three landmark transactions totalling RM650 million comprising Malaysia's first Malaysia Islamic Overnight Rate (MYOR-i)-referenced Islamic Medium Term Notes (Sukuk), Islamic Profit Rate Swap (IPRS) and Islamic Asset Purchase Transaction.
KUALA LUMPUR, July 16 (Bernama) -- Cagamas Bhd has successfully executed Malaysia’s first Malaysia Islamic Overnight Rate (MYOR-i)-referenced Islamic Medium Term Notes (sukuk) and Islamic Profit Rate Swap (IPRS) transactions, comprising a RM300 million one-year MYOR-i sukuk and a RM100 million five-year MYOR-i IPRS.
KUALA LUMPUR, July 16 (Bernama) -- Short-term rates are expected to remain stable today, supported by Bank Negara Malaysia’s operations to absorb excess liquidity in the financial system.
KUALA LUMPUR, July 16 (Bernama) -- The ringgit extended its gains against the US dollar at Thursday's opening, supported by weaker-than-expected US economic data, an analyst said.
By Siti Noor Afera Abu
KUALA LUMPUR, July 15 (Bernama) -- Bursa Malaysia’s key index closed lower as investors locked in profits following three consecutive sessions of gains, with banking and oil and gas counters leading the decline.
KUALA LUMPUR, July 15 (Bernama) -- Bursa Malaysia trended lower at midday, weighed down by profit-taking, mainly in the banking and utilities counters.
By Siti Noor Afera Abu
KUALA LUMPUR, July 14 (Bernama) -- Bursa Malaysia extended its rally to close more than one per cent higher on Tuesday, lifted by strong buying interest in oil and gas as well as banking counters as investors positioned for potentially firmer energy prices following renewed hostilities between the United States and Iran.
KUALA LUMPUR, July 14 (Bernama) -- Bursa Malaysia ended the morning session higher, with the benchmark index gaining 0.86 per cent on sustained buying interest in banking stocks.
KUALA LUMPUR, July 14 (Bernama) -- Bursa Malaysia extended its gains in mid-morning trade on Tuesday, lifted by continued buying in plantation and utility heavyweights.
KUALA LUMPUR, July 10 (Bernama) -- RHB Bank Bhd has introduced the new RHB Sinar Credit Card-i, which features a retail transaction profit rate of 14 per cent per annum, on par with similar offerings from industry peers, and lower than the industry norm, which may reach 18 per cent per annum.
KUALA LUMPUR, July 9 (Bernama) -- AEON Bank (M) Bhd, Malaysia's first digital Islamic bank, has introduced Term Financing-i and Working Capital Financing-i, anchored by its business banking vertical, AEON Bank Biz, as it expands its business banking financing facilities.
KUALA LUMPUR, July 9 (Bernama) -- Malaysia’s banking sector is strategically positioning itself to strengthen its regional leadership in responsible artificial intelligence (AI) deployment, as the technology enters a definitive new phase in which financial industry success is no longer judged by the sheer speed of technology adoption, but by the maturity and responsibility of its implementation.
