MEDIA HIGHLIGHTS: Bank Negara still assessing Islamic mega bank bids

Malaysia’s central bank said yesterday it was still reviewing offers to set up mega Islamic banks, suggesting it could miss its target of awarding a licence this year as the industry struggles to create a well-capitalized syariah lender. It is offering up to 2 new Islamic banking licences to foreign firms to set up banks, with at least USD1bn of paid-up capital. (StarBiz)