EPF will remain prudent amid challenging environment, says CEO20 February 2017 @ 2:26 PM
KUALA LUMPUR: The Employees' Provident Fund (EPF) aims to sustain its performance this year amid challenging environment.
Its chief executive officer Datuk Shahril Ridza Ridzuan said the EPF always emphasises on sustainability of returns over the long term horizon as opposed to short term gains.
PR1MA loan scheme: RM5.7b in loans up for grabs16 February 2017 @ 12:47 PM
KUALA LUMPUR: THE four local banks handling a special 1Malaysia People’s Housing Programme (PR1MA) loan scheme are likely to disburse up to RM5.7 billion to 15,000 first-time house buyers this year, said Kenanga Research in a note yesterday.
Malayan Banking Bhd, CIMB Group Holdings Bhd, AmBank Group and RHB Banking Group are the panel banks for the Special PR1MA End-Financing (SPEF) scheme, which started on January 1 and ends on December 31 next year.
Bursa Malaysia announces changes to organisational structure15 February 2017 @ 10:38 PM
KUALA LUMPUR: Bursa Malaysia Bhd has announced changes to its organisational structure aimed at transforming the local bourse into a high performance organisation with improved efficiencies to be regionally ready and more competitive.
In a statement, it said the changes will also enable Bursa Malaysia to better serve the regional marketplace in an increasingly globalised regulatory and business environment.
Effective 15 February 2017 and in-line with the new organisational structure, the following personnel changes will take effect:
Agrobank: Hard work pays off for CEO and employees15 February 2017 @ 11:59 AM
AGROBANK was founded 47 years ago primarily to provide credit assistance to farmers and has emerged as the largest credit service provider in the rural agriculture sector since 1980.
It was corporatised in 2007 under the Companies Act 1965.
Agrobank is a government-owned bank under the Finance Ministry.
The transition from conventional to Islamic bank in just three years was a resounding success under president and chief executive officer Datuk Wan Mohd Fadzmi Wan Othman.
Palm oil: Benefits extend globally14 February 2017 @ 2:25 PM
THE annual 50 million tonnes of palm oil trade contributes some US$39 billion (RM172 billion) to gross domestic product (GDP) of the global economy, says Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.
In an interview with NST Business, he referred to the London-based researcher Europe Economics’ recent findings that palm oil contributes billions of dollars in tax and creates millions of jobs in importing countries.
Maybank Investment Bank bullish on corporate bond market8 February 2017 @ 5:34 PM
KUALA LUMPUR: Maybank Investment Bank is bullish on the Malaysian corporate bonds issue market, saying it should again hit between RM80-RM85 billion in total market this year, as it did last year.
The Malayan Banking Bhd's (Maybank) investment bank arm also sees a healthier IPO scene in the local bourse in 2017.
Maybank IB Group CEO Datuk John Chong said this at the Invest ASEAN conference held here today.
He explained that the bulk of the corporate bonds will go towards funding the infrastructure project around the country.
Slower household loan growth is credit positive for M'sian banks: Moody's7 February 2017 @ 12:32 PM
KUALA LUMPUR: The further decline in household loan growth in 2016 is credit positive for the asset quality of Malaysian banks, as it points to slower debt accumulation among households, Moody’s Investors Service said.
In a statement, the rating agency said among Malaysian banks under its rating radar, Public Bank Bhd (A3 stable, a3) and Hong Leong Bank Bhd (A3 stable, baa1) – banks with the largest exposure to the household sector – will benefit the most from further improvements in the leverage profile of households.
Loob set to rebrand all Chatime outlets nationwide7 February 2017 @ 12:25 PM
KUALA LUMPUR: LOOB Holding Sdn Bhd, the former Chatime Master franchisee for Malaysia, will be rebranding all 165 local Chatime outlets, which will be announced at a later date.
Its chief executive officer Bryan Loo said while issues with Chatime franchisor La Kaffa International Co Ltd of Taiwan would be ongoing, the company would now focus on rebranding all of its outlets to serve its existing customers.
He also strongly refuted all allegations made by La Kaffa in a recent media briefing, calling it “false and malicious allegations”.
Tok Bali - Kelantan's new growth area for investment7 February 2017 @ 11:47 AM
THE development of the Tok Bali Industrial Park (TBIP), a new industrial centre, is expected to transform Tok Bali as Kelantan’s new growth area for investment.
Furthermore, the project will be supported by the completion of the Tok Bali Integrated Fisheries Park (TBIFP) and the Tok Bali Supply Base (TBSB) projects in the first quarter.
The TBIP development is to cater to the anticipated growth in private investments in the region. Construction of the industrial park is expected to begin next year.
E-Book lending soars at airport7 February 2017 @ 11:28 AM
KUALA LUMPUR: THE Kuala Lumpur International Airport (KLIA) and Kuala Lumpur International Airport 2 (klia2) have seen encouraging response to a free service allowing passengers to download e-Books and bring it with them on their flights.
From May last year to end of last year, the service has distributed more than 40,000 e-Books to passengers from all corners of the world, and continues to grow.