AmBank Group today announced the appointment of Tan Sri Md Nor Yusof as the new Chairman who succeeds, Tan Sri Azman Hashim who has confirmed his retirement from AMMB Holdings Berhad on 29 April 2022. Tan Sri Md Nor has had an illustrious career with over 40 years of senior management and board-level experience including […]

AmBank Group Appoints Tan Sri Md Nor Yusof As New Chairman

’s (TNB) Green Electricity Tariff (GET) Programme in an effort to reduce its carbon footprint in electricity consumption, in line with the group’s Sustainability Agenda. Group chief executive officer Datuk Sulaiman Mohd Tahir said the bank has opted for the GET programme as an alternative to gain access to more renewable energy, due to the limitation posed by the rooftop design of its premises. "We were the nation’s first financial institution to install solar photovoltaic (PV) panels on one of our buildings located at the Damansara Fairway 3. "Moving forward, we will continue to explore and implement other energy management initiatives to further reduce carbon emissions and minimise environmental impact from our operations,” he said in a statement today. With the GET programme, AmBank Group expects to reduce its Scope 2 carbon emissions by approximately 90 per cent. The group has also implemented other green initiatives, such as investing in energy-efficient infrastructures, including installing light-emitting diode (LED) lighting systems in its buildings and branches nationwide, said AmBank. Meanwhile, TNB chief retail officer Datuk Ir Megat Jalaluddin Megat Hassan said GET subscribers like AmBank Group are contributing to the national green agenda to increase renewable energy generation by up to 31 per cent by 2025. Established by the Energy Commission, the GET programme is facilitated by TNBX Sdn Bhd, a wholly-owned subsidiary of TNB. With the Malaysian Renewable Energy Certificate (mREC) backing the GET programme, subscribers are assured that they are indirectly receiving eco-friendly energy sources like hydro and solar. - Bernama
Article type: metered

Ambank Group amplifies Go Green initiatives with TNB &#039;Get&#039; programme

IN line with its sustainability goal, AmBank Group has adopted the Green Electricity Tariff (GET) Programme offered by Tenaga Nasional Berhad (TNB) in efforts to reduce its carbon footprint in electricity consumption. “We were the nation’s first financial institution to install solar photovoltaic (PV) panels on one of our buildings located at the Damansara Fairway […]

AmBank Adopts GET Programme for Reduction of Carbon Emissions

KUALA LUMPUR: AmBank Group has adopted the Green Electricity Tariff (GET) programme offered by Tenaga Nasional Bhd (TNB) in efforts to reduce its carbon footprint in electricity consumption. This comes in line with group’s sustainability agenda.“We were the nation’s first financial institution to install solar photovoltaic (PV) panels on one of our buildings located at the Damansara Fairway 3. We have opted for the GET programme as an alternative to gain access to more renewable energy, due to the limitation of the rooftop design of our other premises. We will continue to explore and implement other energy management initiatives to further reduce carbon emissions and minimise environmental impact from our operations,“ said AmBank Group Group CEO Datuk Sulaiman Mohd Tahir.With the GET programme, AmBank Group is expected to reduce its Scope 2 carbon emissions by approximately 90%. Among the green initiatives implemented are investing in energy-efficient infrastructures such as installing LED lighting system for its buildings and branches nationwide.  “We applaud the commitment that AmBank Group has undertaken to proactively reduce its carbon footprint from its operations through the GET programme. In addition to receiving the internationally recognised Malaysian Renewable Energy Certificate (mREC), GET subscribers like AmBank Group are contributing towards the national green agenda to increase renewable energy generation to 31% by 2025,“ said TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan. Established by the Energy Commission, the GET programme is facilitated by TNBX Sdn Bhd, a wholly owned subsidiary of TNB. With mREC backing the GET programme, subscribers are assured that they are indirectly receiving eco-friendly energy sources like hydro and solar.

AmBank Group amplifies Go Green initiatives with GET programme

The build-up of liquidity could result in macroeconomic and financial imbalances, according to AmBank Group. Based on the current data and future incoming data with more cost pressure emerging, AmBank Group chief economist Anthony Dass said “any rate hike by Bank Negara is more to address the interest rates differential.”
He added that should liquidity pose some challenges to financial stability, a 50 basis-points (bps) hike in SRR is more likely to emerge first followed by a 25bps rate hike in overnight policy rate (OPR) later in the second half of the year. Dass told StarBiz that: “While near term headwinds ( Russia-Ukraine conflict and lockdown in China from the Covid-19 Omicron variant) are strong, it could start to ease in the second half of the year, which is our base case. “If that happens, the upside economic trend would gain momentum. “This would be supported by business and foreign direct investments capital expenditure expansion across economic sectors. Consumer spending will also gain momentum. “Under such circumstances, there is a need to carefully manage the liquidity environment in the domestic financial system. If not managed carefully, it could create risks to the domestic macroeconomic and financial stability.”
Meanwhile, he expects inflationary pressure to persist underpinned by the Russia-Ukraine conflict and the lockdown in China due to the Omicron Covid-19 variant. Dass added this would certainly add pressure on business cost, noting that it would be a matter of time before prices are transferred to consumers. He said although February’s inflation rose moderately by 2.2% year-on-year (y-o-y) to bring the first two months average to 2.25%, upwards pressure remains. “Although we project 2022’s headline inflation at between 2.8% and 3.0%, living cost will continue to accelerate at a much faster pace primarily due to cost factors more than consumer demand. “Added with the rolling back of the moratorium, an uneven recovery and factoring a five-rate hike by the US Federal Reserve with the next at 50bps, we expect the central bank to remain cautious,” he said. Meanwhile, Maybank IB Research said it is maintaining its 2022 inflation rate forecast at 2.7% (2021: 2.5%) but see upside risk from global energy commodity prices, especially crude oil as well as elevated food-related commodity prices, including crude palm oil price, and global supply chain disruptions in the wake of Russian invasion of Ukraine. “However, mitigations include the continued “blanket” fuel price subsidies thus far, implementation of price administration and supply-side measures (e.g. freeze on base electricity tariffs for all electricity users in Peninsular from Feb 1 this year until end-2024, introduction of subsidy to poultry farmers for chicken and eggs production, allowing short term importation of frozen whole chicken) and as well as remaining slacks in the economy to contain demand-pull and wage-driven inflation,” the research house added. Separately, CGS-CIMB Research said cost-push inflation may intensify as the onset of the Russia-Ukraine crisis bolstered commodity prices across food, energy and metals. It reiterates its forecast of two 25bps rate hikes in the second half, lifting the OPR to 2.25% by end-2022. Article type: metered

Hike in SRR ratio a strong possibility

Nestcon provides a full range of integrated design and construction including building, infrastructure, foundation and geotechnical engineering.

Nestcon

KUALA LUMPUR : AmBank Group is eyeing to capture more solar panel system clients by capitalising its partnership with renewable energy players , namely Armani Energy Sdn Bhd and Nestcon .

AmBank eyes more solar panel system clients

Visa (NYSE:V) is a global,payments technology company that connects consumers, businesses, financial institutions, and governments to fast, secure, and reliable electronic payments. The company operates VisaNet, a processing network with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit, or set rates and fees for consumers; however, Visa's innovations enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid, or pay later with credit products.

Visa

AMMB Holdings Bhd ` s banking arm AmBank has entered into a strategic partnership with Visa to elevate its credit card propositions and offerings to the market , the first for AmBank among local banks in the industry .

GDB, Paragon Union, Glomac, JF Tech, IGB REIT, Cabnet, AirAsia, Pharmaniaga, Kanger and AMMB

Infobip is a cloud mobile communications platform, that connects businesses to users, bringing a mobile dimension to businesses. Infobip has a presence in Europe, North America, and Latin America (LatAm).

Infobip

Kuala Lumpur , Malaysia -- 11/5/2019 -- Infobip , a global cloud communication platform company for businesses and a leader in omnichannel customer engagement has partnered with AmBank Group , one of Malaysia 's premier financial solutions groups .

Infobip Partners with AmBank to Offer Business an Omnichannel Customer Experiences.

ECS Fin is an engineering company that specializes in process optimization. It designs software solutions with a systems approach to transaction processing. It is based in White Plains, New York.

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