Bank Negara’s international reserve rose to RM320.7bil (US$87.8bil) on March 31 from RM314bil (US$90.6bil) as at March 13.

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Professor Dr. M. Kabir Hassan of the New Orleans University has in regard that a three-tier system is needed in Islamic banking to further strengthen the industry.

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It is reported that many bankers in the US & Europe can expect lower or zero bonus this year due to the recent financial crisis. The bail out of many of these blue-chip financial institutions has led to government clamping down on high pay and huge bonus.

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Bank Negara has cut its rates from 3.5% to 3.25%. This signals that the risk of inflation has decreased but an economic slow down is expected. This also means that the Ringgit will depreciate further.

According to the fresh report from The Edge today, Tune Money, the internet-based seller of financial products backed by Datuk Tony Fernandes has accumulated losses more than RM10 million. Did this trigger the recent departure of the previous CEO Tengku Zafrul?

So why did it fail? I see a few reasons:

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Watched the live telecast on Bloomberg last night where the CEOs of the Big Three automakers were being grilled by the senators…

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After only a few weeks of the launched of FundSupermart in Malaysia, PhillipCapital has introduced another online unit trust portal for Malaysians called eUnitTrust. Lets do a quick comparison between the two…

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