Stamp duty exemption to have minimal impact on property market
KUALA LUMPUR: The re-introduction of the stamp duty exemption for first-time house buyers is expected to have minimal impact on the overall property market, said RHB Investment Bank Bhd (RHB IB). In a note today, it said the ongoing market headwinds such as rising inflationary pressure and the weakening of the ringgit have continued to dampen […]
Bank stocks still offer hedge against inflation
KUALA LUMPUR: RHB Investment Bank Bhd (RHBIB) has maintained its “overweight” call on bank stocks as it believes banks still offer some degree of hedging against inflation despite rising recessionary risks. The investment bank said these stocks recorded a modest five per cent growth for year-to-date July 2022, retreating from an almost 10 per cent […]
Mobile ATM service in Asajaya, Sadong Jaya
KUCHING: RHB Bank Berhad will be rolling out its mobile automatic teller machine (ATM) service in Asajaya and Sadong Jaya districts with effect from tomorrow. “This is in answering the Sarawak state government’s initiative to expand banking services to the rural communities in Sarawak as announced by Chief Minister Datuk Patinggi Abang Johari Tun Openg […]
RHB, Shell, Visa collaborate to introduce new credit card
KUALA LUMPUR: RHB Banking Group (RHB) and Shell Malaysia are collaborating with Visa to launch the co-branded RHB Shell Visa Credit Card/-i, providing customers with the convenience, flexibility and rewards for online and offline purchases via a single credit card. In a joint statement today, the collaborators said this was a result of RHB and […]
RHB maintains ‘buy’ call on Public Bank
KUALA LUMPUR: RHB Investment Bank has reiterated its “buy” call on Public Bank Bhd (PBB) with a new target price (TP) of RM21.60 from RM20.60 previously as it will continue to command premium valuations, given its defensive qualities in the challenging economic environment. In a research note today, RHB said PBB’s credit cost guidance has […]
RHB to approve mortgage loan instantly via Loanplus
KUCHING: RHB Banking Group has entered into a partnership with Finology Sdn Bhd to enable instant online approval for mortgage loan applications through Loanplus. This platform extends the capabilities of the RHB MyHome App for property buyers, and further expands the current offerings within the RHB Homeowners Ecosystem. This collaboration is part of RHB’s digital […]
RHB launches app for SMEs
KUCHING: The first artificial intelligence (AI) powered customer self-initiated small and medium sized enterprise (SME) financing mobile application in Malaysia has been launched by RHB Banking Group (RHB). According to a statement, the RHB Financing (SME) mobile app provides added convenience and accessibility for SME customers through automation of the customer on-boarding process and adds […]
Investment opportunity for EPF members
KUCHING: RHB Asset Management Sdn Bhd (RHBAM) has launched RHBAM MyInvest for Employees Provident Fund (EPF) members to invest in RHBAM or RHB Islamic International Asset Management Bhd’s (RHBIIAM) unit trust funds under the list of EPF-Members Investment Scheme (EPF-MIS) online connected through the EPF i-Invest investment facility. Customers who are EPF members are provided […]
RHB Islamic launches first recycled debit card
KUCHING: RHB Islamic Bank Berhad has become the first bank in the country and the Asia Pacific region to introduce an eco-friendly recycled plastic debit card. The RHB Visa WWF Debit Card-i is a collaboration with WWF-Malaysia and Universiti Malaysia Terengganu (UMT). The card forms part of RHB Islamic’s initiative under its flagship initiative “Ocean […]
RHB commits RM3.5 mln to Covid-19 fight
KUCHING: RHB Banking Group has so far committed RM3.5 million to assist in the fight against Covid-19 through various channels. The assistance includes RM1 million cash contributions to Kementerian Kesihatan Malaysia Covid-19 Funds to help ensure the continuous supply of PPEs; RM1 million to Mercy Malaysia to prevent the spread of Covid-19; RM1 million which […]
