logo
Bank Rakyat charts new course

Bank Rakyat charts new course

The Star20-07-2025
BANK Kerjasama Rakyat Malaysia Bhd, or more commonly known as Bank Rakyat, has never been the typical commercial bank.
Established in 1954 under the Cooperative Ordinance 1948, it began as a small cooperative banking initiative meant to serve rural Malaysians and civil servants.
Cancel anytime. Ad-free. Full access to Web and App.
RM 13.90/month
RM 9.73 /month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
RM 12.39/month
RM 8.63 /month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Malaysia to roll out regulatory reforms, other measures following US tariff deal
Malaysia to roll out regulatory reforms, other measures following US tariff deal

New Straits Times

time4 hours ago

  • New Straits Times

Malaysia to roll out regulatory reforms, other measures following US tariff deal

KUALA LUMPUR: Malaysia will roll out three key follow-up actions — an exporter outreach programme, regulatory reform and a nationwide supply chain mapping initiative — following the recent tariff renegotiation agreement with the United States which reduced tariffs on Malaysian goods from 25 per cent to 19 per cent. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the agreement, effective Aug 1, was achieved after "months of intense but thorough as well as methodical negotiations". "Most importantly, we achieved this without conceding on our red lines in key areas," he said in his keynote address at The Edge Malaysia Centurion Club Awards 2025 here today. Tengku Zafrul said those red lines included foreign equity limits in strategic sectors, legal safeguards in digital companies, halal standards and many other areas. But the key point, he added, is that the negotiation package was a all-of-nation offer, not just the government, but all (Malaysians and Malaysian companies). With the tariff deal in effect, Tengku Zafrul said the government is focusing on three key areas, starting with an outreach programme to support industry players and exporters. "Some of you in this room may be impacted, but again we will engage the whole exporters' ecosystem — not just the multinationals, but all the small and medium enterprises that are supporting the major exporters," he said. Secondly, he said the government aims to accelerate industrial reforms by cutting bureaucracy and reviewing regulations to eliminate overlaps, outdated provisions and irrelevant processes. "Thirdly, we need to strengthen the resilience of our supply chain by fortifying specific industries' role in the global supply chain," he said. Tengku Zafrul said Malaysia is making good progress on a supply chain mapping project, which aims to identify every player involved in the economic activities of key industrial sectors. Meanwhile, he said Malaysia's mid-cap companies — defined as listed companies with a market capitalisation of between RM100 million and RM1 billion — remain critical to the country's growth ambition under the New Industrial Master Plan (NIMP) 2030. "For me and for our ministry, we view this award such as Centurion as one of the private sector's contributions to Malaysia's journey towards becoming a high-income, sustainable and globally competitive nation. "As of March 31, there are 519 such Centurions. And this speaks volumes about the vibrancy of Malaysia's mid-cap sector — a sector that is equally critical to our national economic aspirations," he said.

Preserve national unity and peace for independence, urges Ewon
Preserve national unity and peace for independence, urges Ewon

The Sun

time6 hours ago

  • The Sun

Preserve national unity and peace for independence, urges Ewon

PENAMPANG: Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick has called on Malaysians, particularly in Sabah, to uphold the true meaning of independence by preserving unity, well-being, and peace. He emphasised that harmony and stability are crucial for sustainable national development and sovereignty. 'This all starts with cooperation, unity, and harmony because if the people are at odds with one another, unable to cooperate or be in harmony, how can national sovereignty be defended?' Ewon said after launching the Sabah Kembara Merdeka Jalur Gemilang 2025 convoy. The event, organised by the Sabah Information Department, involves 20 vehicles and 60 participants covering 2,500 kilometres across 75 locations in 20 days. The convoy began in Penampang and will conclude in Tuaran on Aug 23. Ewon encouraged Sabahans to join the 'One House, One Jalur Gemilang' initiative by displaying the national flag at their homes. He also highlighted the relevance of this year's National Day theme, 'Malaysia MADANI, Rakyat Disantuni,' aligning it with the 13th Malaysia Plan's goals of uplifting the people's dignity. 'I hope this theme reaches the grassroots. I am confident that the people understand what the government is doing, which is not only to care for them but also to champion and uplift their dignity,' he said. - Bernama

Nine in 10 Malaysians read scam alerts from banks, says banking industry
Nine in 10 Malaysians read scam alerts from banks, says banking industry

Sinar Daily

time7 hours ago

  • Sinar Daily

Nine in 10 Malaysians read scam alerts from banks, says banking industry

Commissioned by the banking sector and conducted by Rakuten Insight between March and April 2025, the survey gathered responses from 1,000 individuals nationwide. 05 Aug 2025 08:16pm Photo for illustration purpose only. - 123RF photo KUALA LUMPUR - Nine in 10 Malaysians actively read scam-related alerts, with satisfaction levels rising to 73 per cent, according to a survey released by the Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM). The survey reflects a growing awareness of scams and rising public trust in the financial sector's protective measures, driven by the ongoing #JanganKenaScam national awareness campaign, the two associations said in a joint statement today. Commissioned by the banking sector and conducted by Rakuten Insight between March and April 2025, the survey gathered responses from 1,000 individuals nationwide. According to the survey, 92 per cent of users recognised the risks of installing unsolicited Android Package Kit (APK) files, 85 per cent could identify fake short message service (SMS) messages, 79 per cent avoided suspicious links, 82 per cent would contact their bank if compromised, and 77 per cent would freeze their cards via mobile or online banking. ABM chairman Datuk Khairussaleh Ramli said the campaign has played a key role in improving public awareness and emphasised the need to move beyond education and towards behavioural readiness. "We are seeing a positive shift in public awareness and trust, but we also recognise that scammers exploit fear and urgency to bypass rational thinking. From the survey, we saw that 71 per cent of respondents feared losing money if scammers' instructions were not followed, as the primary factor in scam cases,' he said. According to the statement, Malaysians are also showing increased confidence in their banks' protection measures, with 76 per cent of respondents expressing satisfaction with their banks' overall effectiveness in safeguarding against scams, a 13 per cent rise from the previous survey. Meanwhile, three in five respondents found their banks to be helpful after a scam had occurred, suggesting that post-incident support is becoming a trusted part of the response. It also said social media remains the most common source of scam awareness, particularly on Facebook and Instagram, with seven in 10 Malaysians now actively sharing scam warnings within their networks, especially via WhatsApp, which reflects a growing culture of community-based vigilance. AIBIM president Datuk Mohd Muazzam Mohamed said the results indicate that their awareness efforts are yielding positive outcomes, but they must not become complacent. "Scammers are constantly evolving their tactics, and our response must adapt in tandem. We want to equip Malaysians not only with information, but also with practical instincts and tools they can rely on in moments of uncertainty,' he said. - BERNAMA More Like This

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store