Various
Ant International to Create Over 500 Jobs with New Malaysian Center
Ant International, a digital payment and financial technology provider, announced plans to open a new Digital Business Centre in Malaysia by 2025. The facility, which will be located in The Exchange 106 at the Tun Razak Exchange financial and business
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EPF Divests Shares in Affin Bank, No Longer a Major Shareholder
The Employees Provident Fund (EPF) has divested three million shares in Affin Bank, relinquishing its status as a substantial shareholder, according to The Edge Malaysia. Financial details concerning the transaction’s value remain undisclosed. Prior to this sale, EPF held 121.91 million
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CIMB Group CEO Dato’ Abdul Rahman Resigns, Poised to Take Helm at PNB
CIMB Group announced that Dato’ Abdul Rahman Ahmad will resign as Group CEO effective 30 June 2024, concluding a four-year tenure. The group said that it had a robust succession plan is in place and will announce Dato’ Abdul Rahman’s
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BNM Orders CIMB and Maybank to Explain Recent Service Disruptions
Bank Negara Malaysia (BNM) has ordered CIMB and Maybank to deliver a comprehensive account of the root causes behind the recent service outages, which disrupted banking operations and inconvenienced customers. The regulatory body is taking a strict stance on ensuring
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Rohit Nambiar Resigns as Group CEO of Tune Protect
Rohit Nambiar, the Group Chief Executive Officer of Malaysian insurer Tune Protect has resigned from his position citing personal reasons, according to a filing with Bursa Malaysia. Rohit, whose career spans over two decades, has held significant roles in the
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Ex-AmBank CEO Datuk Sulaiman Tahir to Lead Bank Pembangunan as New Chairman
Bank Pembangunan Malaysia has appointed Datuk Sulaiman Mohd Tahir as its chairman and independent non-executive director, effective 20 March 2024, according to The Star. Sulaiman is recognised for his extensive senior leadership experience in the financial sector of Malaysia, which
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Here Are 5 Key Takeaways from BNM’s 2023 Annual Report Released Today
Bank Negara Malaysia (BNM) had unveiled its Annual Report 2023 today, offering insights into the major advancements and regulatory measures undertaken within the financial sector over the past year. The AR 2023 details BNM’s key initiatives in fulfilling its mandates
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Khazanah Appoints Datuk Hisham Hamdan as New Chief Investment Officer
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, announced that Datuk Hisham Hamdan has been appointed as the new Chief Investment Officer (CIO), effective 6 March 2024. Datuk Hisham Hamdan, who has been with Khazanah since April 2011, previously
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AEON Bank CEO Raja Teh’s Blueprint to Meet Digital Natives’ Needs
In the banking industry, where change is rapid and impactful, Raja Teh Maimunah Raja Abdul Aziz stands out as the Chief Executive Officer of AEON Bank. Her journey offers insight into the evolving nature of banking, marked by an increasing shift
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SFA Initiative ‘Project Tapir’ Connects Singaporean Fintechs with Malaysian VCs
The Singapore Fintech Association (SFA) has initiated Project Tapir, a collaborative effort with Malaysian venture capital firms Artem Ventures and OSK Ventures International Berhad (OSKVI). The partnership seeks to support Singaporean fintech companies in their expansion into Malaysia. The aim
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