PETALING JAYA: OpenSys (M) Bhd has accepted a letter of award from Malayan Banking Bhd worth RM105mil to process the latter’s outward clearing cheques for all its branches nationwide.

The change comes amid rising cheque-processing costs as usage declines, said MAS and ABS. The average cost of clearing a cheque has quadrupled since 2016 to S$0.40 in 2021. This is set to increase ...

Cergas Murni director Paul Latimer testified during former deputy prime minister Ahmad Zahid Hamidi’s Yayasan Akalbudi graft trial that the Maybank cheque dated March 29, 2016, was to pay ...

Maybank branch assistant manager Harryade Mohamad Arbe said this today in the course of identifying three cheques issued by visa-processing firm Profound Radiance Sdn Bhd (PRSB).