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5 stories mentioning KLSE:MAYBANK

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Asia

Malaysian Shares End in Green Despite Downbeat Job Data

Malaysian shares extended gains to end in the green on Thursday, amid a mixed regional performance. The investor sentiment was positive despite a higher-than-expected unemployment rate in the country.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 0.57 points to end 0.03% higher at 1,679.53. The day range was between 1,674.65 and 1,680.53.In economic news, Malaysia's unemployment rate rose by to 3% in April from 2.9% in March, the Department of Statistics Malaysia said. The figure exceeded the 2.9% forecast by Trading Economics.In local news, Malaysia is looking for alternative crude oil sources as the war in Iran fuels a global energy supply squeeze, Reuters reported Wednesday, citing the country's economy minister. Any new imports, however, must be compatible with the country's refinery systems.Malaysia's palm oil inventories rose 5.2% in May to 2.43 million tons from 2.31 million tons a month earlier, according to preliminary data released by the Malaysian Palm Oil Board.In corporate news, Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported. The lender's shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:MAYBANK
Asia

Market Chatter: Maybank Rebuffs Bloomberg Report of Being Under Investigation in Indonesia

Malayan Banking (KLSE:MAYBANK) pushed back against a Bloomberg News report that some of its bankers were being questioned by Indonesian authorities in connection with a probe involving the Salim Group, saying it was not the subject of any investigation, Reuters reported Thursday.The bank said personnel at its Indonesian unit had been asked to provide information as witnesses to assist authorities in accordance with applicable laws, according to the news outlet.Maybank said it remains committed to governance, compliance and integrity standards, but declined to comment further because the matter is ongoing, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:MAYBANK
Asia

Market Chatter: Indonesia Investigates Malayan Banking on Financial Irregularities with Salim Group

Indonesian authorities on Wednesday questioned Malayan Banking's (KLSE:MAYBANK) staff over suspected financial irregularities with Salim Group's palm-oil-manufacturing subsidiary Salim Ivomas Pratama (IDX:SIMP), Bloomberg News reported Wednesday, citing people familiar with the matter.The bank is suspected of understating the actual amount of export inflows into the group, the report said.Authorities will investigate if some goods are invoiced below their ​market price to hide profits and lower ​taxes, the report said.Maybank Indonesia has relatively limited exposure to Salim Ivomas Pratama, with outstanding loans of about 150 billion rupiah, according to the report.However, the bank has a long banking relationship with the broader Salim Group. It remains unclear whether regulators have also questioned other banks associated with the group, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^JKSEIDX:SIMPKLSE:MAYBANK
Asia

Market Chatter: Maybank Facilitates MYR20 Billion in Johor-Singapore Zone Financing

Malayan Banking Berhad (KLSE:MAYBANK) has facilitated about 20 billion ringgit in financing and investments linked to the Johor-Singapore Special Economic Zone over the past few years, Bloomberg reported Tuesday, citing an interview with Group Chief Executive Khairussaleh Ramli.The financing has spanned corporate, mid-sized business, and consumer banking segments, while the lender has also helped establish nine family offices in Johor, according to the report.Ramli said the special economic zone is expected to support further growth in investment and cross-border business activity between Malaysia and Singapore, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KLSE:MAYBANK
Asia

Malayan Banking Closes MYR1.2 Billion Islamic Debt Issue

Malayan Banking (KLSE:MAYBANK) completed the issuance of 1.2 billion ringgit worth of Subordinated Sukuk Murabahah under its sukuk program, according to a Wednesday Malaysian bourse filing.The issuance comprised three tranches with tenures of 10, 12, and 15 years, carrying initial profit rates of 3.78%, 3.87% and 3.95% per annum, respectively.The lender will use the proceeds to fund Shariah-compliant investments, support Islamic business activities of the bank's subsidiaries and overseas branches, as well as other Islamic financing activities.

KLSE:MAYBANK