KUALA LUMPUR, 2 March 2020 - Malaysia’s number one e-commerce platform, Shopee today announced that it would now be able to deliver fresh groceries directly to Malaysians’ doorsteps. The brand new category will see fresh poultry, seafood and vegetables being sold on its platform.

The availability of perishable goods sold online and delivered to consumers will help the e-commerce platform further expand its strong foothold in a fast evolving industry. It is going to be a game changer as now Malaysians can get everything they want and need online via a single marketplace. Beyond that, the platform has effectively unlocked the potential for a new group of entrepreneurs and traders, especially fishermen and farmers who, before, would not have been able to enjoy the boom of e-commerce and to sell on an open e-marketplace.

Kuala Lumpur, 1 March 2020 – Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) announced that it has made available special financing facility with immediate effect to assist small and medium enterprises (“SMEs”) impacted by the COVID-19 outbreak.

This immediate financing facility by Alliance Bank supports Bank Negara Malaysia’s Special Relief Facility announced last week, which has an allocation of RM2 billion and a financing rate capped at 3.75%.

Kuala Lumpur, 28 February 2020 – Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) today reported that its net profit after tax grew 16% compared to the previous quarter to RM134 million for the third quarter of the financial year ending 31 March 2020 (“3QFY20”). This resulted in an improvement in return on equity to 9.3%.

For the third quarter, the Bank’s net interest income (including Islamic net financing income) grew 1.7% to RM331.3 million (2QFY20: RM325.8 million), while its client-based fee income grew 3.1% to RM83.7 million.