Page 16 - Malayan Banking News Today

Slowing global economy, Fed rate hikes among concerns

Rise reflects confidence in continued economic growth

KUALA LUMPUR: Bursa Malaysia Bhd has appointed Tan Sri Abdul Farid Alias as an independent non-executive director effective July 8.

KUALA LUMPUR: Bursa Malaysia Bhd has appointed former Malayan Banking Bhd group president and chief executive officer Datuk Seri Abdul Farid Alias (pic) its independent non-executive director with effect from today.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and RHB Banking Group are revising their reference rates after Bank Negara raised the overnight policy rate (OPR) to 2.25% from 2% on Wednesday.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has expanded its mobile bus banking service to cover two new routes in rural Pahang, namely Lepar Hilir and Kuala Pahang, bringing the number of routes to 10, effective July 4, 2022.

Companies may decide to hold back on recession fears

KUALA LUMPUR: Bursa Malaysia erased early gains to end flat yesterday, following a choppy trading session amid cautious investor sentiment on concerns over inflation.

Asian currencies fell on Wednesday, highlighting the pressure wrought by a stronger dollar as the Federal Reserve races ahead with interest rate hikes. The Philippine peso slumped to its lowest level in more than 16 years while South Korea’s won slid to the weakest since July 2009. Hong Kong’s de…

Poor valuation among factors for FBM KLCI exclusion