Rajiv MenonFinance
Bursa Malaysia Climbs to 1,635 as Financial Counters Lead Early Trade
Financial stocks lifted the benchmark index by 5.01 points as softer US payroll figures cooled interest rate expectations in early morning trade.
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Wei ZhangFinance
Bursa Malaysia Opens Higher Before Trimming Gains to 1,666.81
Early morning bargain hunting lifted Malaysian equities before the benchmark index eased 0.13 point as consumer staples and energy counters diverged.
Wei ZhangFinance
Maybank Unveils Ambitious ‘ROAR30’ Five-Year Strategy, Aims for 14% ROE
Maybank, a Malaysian-based banking corporation, has recently unveiled its ambitious five-year strategy plan, dubbed “ROAR30”. The roadmap, which extends until 2030, outlines significant financial targets, including a return on equity (ROE) aim of 13-14…
Sarah ChenFinance
Maybank Reports 4% Increase in H1 Net Profit, Reaching $1.23 Billion
In an intriguing juxtaposition of regional economic trends, Maybank’s financial results for the first half of 2025 reveal a complex landscape for loans across Asia. While activities in Malaysia and Singapore showcased robust growth, Indonesian lending…
Wei ZhangGeneral
Maybank IB lifts AirAsia outlook on reopening of major markets
While the Thai operations of AirAsia Group Bhd continue to drag on the earnings of the low-budget airline group, the falling rate of Covid-19 infections in the region offers optimism for a longer-term recovery, says Maybank Investment Bank Research. Thai…
Rajiv MenonFinance
Ex-Maybank Private Wealth Head Resurfaces
Maybank’s former head of private wealth has reemerged at a rival Southeast Asian private bank. Khoo Lin-Wein was named head of wealth at Vietnam’s Techcombank, sources based in Hanoi said. Founded in 1993, Techcombank is one of the largest joint-stock banks…
Aiko TanakaFinance
Maybank CFO to Head Malaysia Sovereign Wealth Fund
He takes over from Shahril Ridzuan who will be departing to pursue his personal interests. Malaysia’s Khazanah Nasional has appointed veteran banker Amirul Feisal Wan Zahir as managing director, effective 16 July, it said in a statement on Tuesday. Zahir, 51,…
Rajiv MenonFinance
Maybank Kim Eng Appoints Singapore Chief
He replaces Harmeet Singh Bedi, who left after six years at the firm in 2020 for Prime US Reit, a Singapore real estate investment trust. Maybank Kim Eng, the fully owned investment banking arm of Malaysia-headquartered Maybank, has appointed Aditya Laroia as…
Rajiv MenonFinance
Maybank Sued for Loan Pullback
Malayan Bank Berhad – better known as Maybank – is reportedly being sued for effectively thwarting a Manhattan-based proper project after allegedly reneging on a loan agreement. American real estate developer Sharif El-Gamal said that the Malaysian lender and…
Minjun ParkFinance
Maybank Posts Q1 Profit Growth
The bank’s improved quarterly performance was the result of the sale of some liquid assets and fixed income instruments, which raised net fee-based income. Malaysia’s largest lender recorded a profit of RM2.05 billion ($470 million) for the first quarter of…
Sarah ChenFinance
ING and Maybank Top Creditors To Troubled Commodity Trader
ING and Malayan Banking Bhd (Maybank) were the top creditors of Singapore commodity trader Agritrade International, which was last month placed under interim judicial management. Malaysia’s Maybank tops the list of secured lenders to Agritrade with $118…
Maria SantosFinance
Broking Pressures Prompt Cuts at Maybank Kim Eng
The job cuts are part of a broader review that also affects Maybank Kim Eng’s regional institutional sales and research, and Hong Kong investment banking and advisory businesses. Maybank Kim Eng (KE), the investment banking arm of Maybank, is restructuring…
Rajiv MenonFinance
Maybank Extends Avaloq Partnership
The Swiss banking software company will help the bank to create a better customer experience for its affluent clients with performance calculation and a suite of wealth products and services. Avaloq has won more business in Southeast Asia, with Maybank Group…
Aiko TanakaFinance
Maybank Kim Eng, PhillipCapital Among DDoS Targets
Disruptions caused by the cyberattack on the trading houses lasted from 30 minutes to the whole morning session on October 24. Maybank Kim Eng and PhillipCapital spokespersons have confirmed their brokerages were among those that faced disruptions last…
Wei ZhangFinance
Maybank Kim Eng To Launch Trading Capabilities for Southeast Asia
Maybank Kim Eng, Maybank’s investment banking arm, announces its selection of Australian-headquartered fintech firm, Iress, as the software provider for online trading and market data. Iress’ ViewPoint will be rolled out progressively to Maybank Kim Eng’s…
Rajiv MenonFinance
Maybank Considering Digital Banking License
Maybank Singapore is considering to apply for one of the five digital banking licenses to be unveiled in Singapore. The final decision depends on having a value proposition. Maybank Singapore is in talks with its head office in Malaysia on the matter, and the…