KUALA LUMPUR, April 22 — CIMB Group Holdings Bhd’s (CIMB) price fell sharply during the FTSE Bursa Malaysia KLCI’s (FBM KLCI) mid-morning session, leading the selling activity among heavyweights.

KUALA LUMPUR, May 8 — Bank Negara Malaysia (BNM) is expected to extend its rate pause pending finer details on fuel subsidy rationalisation plans, keeping the overnight policy rate (OPR) at 3 per cent at the upcoming monetary policy meeting tomorrow, said CIMB Treasury and Markets Research.

KUALA LUMPUR, April 26 — CIMB Investment Bank Bhd (CIMB IB) expects the impact of the Employee Provident Fund’s (EPF) introduction of a third account, which allows for flexible withdrawals, on Malaysian Government Securities (MGS) and Government Investment Issues (GII) demand to be mitigated by strong net contributions, ample onshore liquidity, and government-linked investment company (GLIC) and government-linked company (GLC) repatriation.

KUALA LUMPUR, April 9 — Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation of the root cause leading to the incidents.

KUALA LUMPUR, Sept 1 —  CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) on 30 August 2023 has announced that the Group recorded a net profit of RM3.42 billion for the first half ended 30 June 2023, an increase of 26.2%, compared to RM2.71 billion in the first half ended 30 June 2022.

KUALA LUMPUR, Feb 11 — CIMB Group Holdings Bhd today reiterated that the processing error impacting its customers last month was related to a specific third party financial remittance service, involving a limited number of customers that undertook international to local transfers only.

KUALA LUMPUR, Jan 24 — Malayan Banking Bhd (Maybank) stated vehemently that the allegations that it will face major financial trouble owing to exposure to Genting Hong Kong are baseless.

KUALA LUMPUR, March 4 — Moody’s Investors Service said the increase in loan under repayment assistance (RA) is credit negative for Malaysian banks because a greater proportion of loans risk becoming delinquent when the facility ends on June 30, especially if economic growth remains subdued.