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Khazanah assets at all-time high, investments hits RM115.6bil

More resilient: Azman says Khazanah’s portfolio is more resilient and would be able to go through any downturn. (8-0)

CIMB commences brokerage JV with China Galaxy Securities

Tengku Datuk Sri Zafrul Aziz, group chief executive, CIMB Group (second right) accompanied by Gurdip Singh Sidhu, group chief strategy officer, CIMB Group (far right); and Datuk Kong Sooi Lin, CEO, CIMB Investment Bank, and executive director, group head investment banking, CIMB Group (second left) at the signing ceremony via a telepresence session (1-0)

Old deal resurfaces

while private equity funds are not exactly the flavour of Bank Negara. That probably leaves only the local financial players as the favourites to land the stake. (8-0)

CIMB cuts stake in asset management firms

PETALING JAYA: CIMB Group Holdings Bhd has proposed to realise part of its investment in its fund management companies in a deal worth RM470.29mil. (5-0)

Touch ‘n Go, Ant Financial obtain BNM’s greenlight for e-wallet services

2018-01-09 themalaymailonline
CIMB Group Holdings Bhd said the new mobile e-wallet would facilitate payment in a cashless and cardless environment by leveraging on Ant Financial’s Alipay technology platform. — Picture by Choo Choy MayPETALING JAYA, Jan 9 — Touch ‘n Go Sdn Bhd (TNG) with its partner, Ant Financial Services Group, an affiliate company of the Alibaba Group, have obtained Bank Negara’s approval to operate and offer mobile e-wallet services. (1-0)

Trading ideas: Malakoff, CIMB, Yong Tai

KUALA LUMPUR: JF Apex Research expects Malakoff Corp Bhd, CIMB Group Holdings Bhd and Yong Tai Bhd to be among the stocks to watch on Tuesday. (1-0)

Touch ‘n Go, Ant Financial get nod for e-wallet services

PETALING JAYA: Touch ‘n Go Sdn Bhd (TNG) and partner Ant Financial Services Group have obtained Bank Negara’s approval to operate and offer mobile e-wallet services. (1-0)

What’s in store for banks

WITH predictions of slower economic growth this year, banks, which are often seen as proxies to the economy, will all have to deal with similar issues of lethargic loan growth, rising credit costs and compressed profit margins. That said, what will distinguish the more interesting ones from the business-as-usual outfits this year are those premised on possible merger and acquisition (M&A) exercises. (9-0)

Political overhang in capital market will fade

CIMB group wholesale banking, treasury and markets group head Chu Kok Wei(pic) said the election has to happen this year and the markets would get over it. “We do see better upside to corporate investment activities, and hopefully, that will translate to fund-raising in both the loan and capital markets,” he said. (1-0)

Fiscal space needed to balance govt finances by 2022 or 2023

Speaking at a question-and-answer session at the 10th Annual Malaysia Corporate Day organised by CIMB Group Holdings Bhd yesterday, Johari(pic) said more public infrastructure projects would be needed to sustain the economic growth. “Our original target was 2020 but probably we need another two to three years,” he said, pointing out that cutting spending too much would have a negative impact on the economy. (1-0)

Positive outlook seen for 2018, Johari says

2018-01-04 themalaymailonline
Second Finance Minister Datuk Seri Johari Abdul Ghani delivers his keynote address during the CIMB 10th Annual Malaysia Corporate Day in Kuala Lumpur January 4, 2018. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 4 — The overall outlook for 2018 seems positive with the market expecting Malaysia’s gross domestic product (GDP) growth to moderate at around five to 5.5 per cent following a stellar economic recovery last year, said Second Finance Minister Datuk Seri Johari Abdul Ghani. (1-0)

Malaysia Faces Higher Rates, Currency Risks and an Election Battle - Bloomberg

2018-01-04 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (30-0)

Nazir Razak expects ‘very good year’ for Asean banks in 2018 (VIDEO)

2018-01-02 themalaymailonline
JAKARTA, Jan 2 — Datuk Seri Nazir Razak, CIMB Group Holdings Bhd chairman, discusses where he sees the most opportunities and the biggest risks in South-east Asia. He spoke with Bloomberg's Haslinda Amin on December 6, 2017 in Jakarta. — Bloomberg (1-0)

PNB to work on issuance of Maybank Islamic shares

“We were hoping for the i-shares initiative to be approved in 2017 but unfortunately this has yet to materialise. “We will continue to engage with relevant stakeholders to hopefully make this a reality in 2018,” PNB group chairman Tan Sri Abdul Wahid Omar(pic) said. (9-0)

Six Asian banks in talks with BSP for establishment of local offices

2017-12-25 bworldonline
SIX ASIAN BANKS are in talks with the Bangko Sentral ng Pilipinas (BSP) to venture into the local market, a senior official said, signalling mounting interest towards the Philippines as it continues to enjoy robust growth. (1-0)