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Aye to 30% women agenda

And major public listed companies (PLCs) have duly sat up and taken notice of the government’s agenda to achieve the target of at least 30% women on their boards of directors by 2020, after the Prime Minister’s announcement in July to step it up. (7-0)

PNB eyes more private investments to cut cash pile

2017-11-16 themalaymailonline
Group chairman of Permodalan Nasional Bhd Tan Sri Abdul Wahid Omar speaks at his office in Kuala Lumpur November 15, 2017. — Reuters picKUALA LUMPUR, Nov 16 — Malaysia’s largest fund management firm Permodalan Nasional Bhd (PNB) plans to boost private investments and fixed income assets starting next year as part of a five-year target to reduce its cash holdings, its top executive said. (7-0)

Director charged with laundering RM5.9m

2017-11-13 themalaymailonline
Lee Ming Chai, who was charged under Section 4(1)(b) of the Anti Money-Laundering Act (AMLA), allegedly committed the offences from January 2011 to November 2017. — Picture by Farhan NajibIPOH, Nov 13 — A 49-year-old company director claimed trial at the Sessions Court here today to 55 counts of money laundering involving RM5.9 million. (6-0)

Plastic cards not going away in Malaysia anytime soon

2017-11-13 scmp
Analysts won’t rule out the possibility, but say it would be a slow transition with security concerns that still need to be addressed (2-0)

Sizing up Sime Darby’s demerger

Regional flavour: Sime Darby will retain the trading and logistics businesses which are concentrated on the distribution and selling of motor vehicles as well as heavy equipment. (16-0)

Wahid takes on the weakest link

WHILE a demerger within the Sime Darby group has long been thought of, some industry observers feel that if Permodalan Nasional Bhd (PNB) group chairman Tan Sri Wahid Omar (pic) had not gotten the ball rolling, that plan could very well still be on the drawing board. (7-0)

Maybank unveils two senior appointments

PETALING JAYA: Malayan Banking Bhd (Maybank) has announced two new senior appointments to the group risk and Maybank Singapore operations. (2-0)

Maybank mobile banking transactions up 91%

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has registered a 91% rise in the mobile banking monetary transactions during the first nine months of this year compared to over 40% via desktop. (2-0)

Asian currencies steady, tax concerns keep US dollar under pressure

2017-10-11 themalaymailonline
The Thai baht remains firm for a third straight session having made a significant gain yesterday. — File picSINGAPORE, Oct 11 — Emerging Asian currencies were mostly steady against the US dollar today, remaining broadly supported as concerns President Donald Trump's tax overhaul plan could stall kept pressure on the greenback against its major counterparts. (2-0)

Maybank eyes RM2bil growth in card billings market share

(From left) FC Barcelona commercial director Xavier Asensi, Ravintharan, FC Barcelona legend Gaizka Mendieta Zabala, Maybank head of cards (Malaysia & Singapore) Karen Low, and Visa group country manager Mandy Lamb. (2-0)

Jerantut forest officer gets jail, RM15,000 fine for graft

2017-09-20 themalaymailonline
KUANTAN, Sept 19 — The Sessions Court here sentenced a Jerantut district forest officer to three months’ jail and a fine of RM15,000 after he pleaded guilty to five alternative charges of accepting bribes amounting to RM340,000 from a logging company since July 2016. (2-0)

Breakfast briefing: Tuesday, September 19

MarketWatch: The S&P 500 ended slightly higher on Monday as financial stocks rose ahead of a Federal Reserve meeting, but the Nasdaq pared gains sharply as technology stocks lost ground late in the session. The DJIA rose 63.01 points, or 0.28%, to 22,331.35, the S&P 500 gained 3.64 points, or 0.15%, to 2,503.87 and the Nasdaq added 6.17 points, or 0.1 percent, to 6,454.64. - Reuters (89-0)

Maybank fixes issue price of new shares at RM9 each

Maybank Investment Bank Bhd (Maybank IB), on behalf of Maybank, in a filing with Bursa Malaysia yesterday, said the issue price was based on the five-day volume weighted average market price (VWAMP) of RM9.68 per Maybank share up to and including Sept 15,2017, being the last trading day prior to the price-fixing date. (6-0)

MFRS 9 more likely to affect balance sheet

According to AmBank Research, the impact of MFRS 9 will be greater on banks’ balance sheet because any increase in impairment losses provision will be charged to retained earnings.

Breakfast briefing: Wednesday, August 16

MarketWatch: US stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat US retail sales data. The DJIA was up 5.28 points, or 0.02%, to 21,998.99, the S&P 500 lost 1.23 points, or 0.05%, to 2,464.61 and the Nasdaq dropped 7.22 points, or 0.11%, to 6,333.01. - Reuters