Banks contend with higher loan-to-deposit ratios

PETALING JAYA: Amid earnings that hit another new quarterly high, local banks are being confronted with higher loan-to-deposit ratios (LDR). Analysts pointed out that the sector’s LDR rose to 95.2% in June from 93.6% in March, which could likely result in a widespread increase in deposit competition. CIMB… Source link

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Foreign currencies in demand – MSN

PETALING JAYA: The strengthening of the ringgit has seen a strong demand from the public for foreign currencies, says the Malaysian Association of Money Services Business. Its president Datuk Seri Jajakhan Kader Gani said the rising ringgit has translated to an increasing interest from the public in foreign currencies. Among the top three purchases are the Japanese yen, Chinese yuan and Thai… Source link

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Hilton Unveils All-Inclusive Wedding Packages at KLPJ Wedding Fair, Business News

Exclusive 20% off wedding packages and RM300,000 in cashback & prizes KUALA LUMPUR, Malaysia, Sept. 25, 2024 /PRNewswire/ — Hilton Properties across Malaysia are set to showcase their exceptional wedding offerings at the KLPJ Wedding Fair, happening from September 27 to 29 at the MidValley Exhibition Centre. Themed “Weddings at Hilton,” this event invites… Source link

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JustMarkets Won Best Broker Award at UF Awards APAC 2024, Business News

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 September 2024 – A multi-asset global broker JustMarkets has been awarded the Best Broker at the UF Awards APAC 2024. This is the second time the company has won in this category within the past year, confirming its leading status across the whole Asian-Pacific region.   JustMarkets APAC Malaysia 2024 Best Broker The Best… Source link

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Kakitangan.com signs MoU with Talentvis Academy 

Enables businesses to bridge the skills gap & succeed in a competitive market Aims to offer SMEs training solutions, empower employees with in-demand skills In a move to address the growing need for upskilled workforces, Malaysian HR and payroll system Kakitangan.com has partnered with Talentvis Academy, a leading training provider in Southeast Asia. This collaboration aims to… Source link

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KLDX and KOPETRO Forge Strategic Partnership to Democratise Private Market Investments, Promoting Financial Inclusion & Wealth Generation

Kuala Lumpur, 25 September 2024 — KLDX, Malaysia’s leading digital securities exchange, has entered into a landmark partnership with Koperasi Kakitangan Petronas (KOPETRO) to accelerate financial inclusion by expanding access to Shariah-compliant private market assets. The strategic partnership was formalised in a signing ceremony, representing a major milestone in transforming… Source link

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MCMC and MIDA collaborate to develop 5G readiness assessment framework for SMEs in Malaysia

Sectors readiness include location, investment, skills/talent, services Collaboration to promote and accelerate the adoption of 5G technology The Malaysian Communications and Multimedia Commission (MCMC), in collaboration with the Malaysian Investment Development Authority (MIDA), organised a Workshop on the Implementation of the Industry Readiness Assessment Framework for 5G… Source link

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MCMC, MIDA Collaborate To Develop 5G Readiness Assessment Framework For SMEs

PUTRAJAYA, Sept 25 (Bernama) — The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Investment Development Authority (MIDA) organised a workshop on the Implementation of the Industry Readiness Assessment Framework for 5G Services in Malaysia. The one-day workshop, held here yesterday, aimed to develop a framework to assess the readiness of key economic… Source link

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