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Headline News

PNB funds reach RM279b, 98pc invested locally

2018-03-18 themalaymailonline
Tan Sri Abdul Wahid Omar said PNB is today Malaysia’s largest fund manager. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, March 18 — Permodalan Nasional Bhd (PNB), established some 40 years ago, is today the country’s largest fund manager, managing funds worth RM279 billion, said its Group Chairman, Tan Sri Abdul Wahid Omar. (19-0)

Four decades on, PNB now Malaysia’s biggest fund manager

2018-03-17 themalaymailonline
PNB chairman Tan Sri Wahid Omar says the fund management firm has a war chest of RM279 billion. — Picture by Saw Siow FengKUALA LUMPUR, March 18 — Permodalan Nasional Bhd (PNB) has emerged as the country's biggest fund management firm with a war chest of RM279 billion, said Tan Sri Wahid Omar. (10-0)

BIMB shares up 3.4% in early trade

KUALA LUMPUR: Shares in BIMB Holdings Bhd rose 3.4% in early trade Thursday, helped by bargain hunting. (1-0)

BIMB 2017 earnings rise 11%

“Bank Islam’s capital position continued to be healthy as reflected by its total capital ratio of 16.4%. The bank’s pre-tax return on equity (ROE) was 16.4% and after-tax ROE was 12.1%,” BIMB said. (5-0)

Bank Negara moves to signal low interest rate days are over

AllianceDBS Research chief economist Manokaran Mottain said the hike will directly increase the base financing rate by as much as 25bps and deposit rates by as much as 20bps. “For the banking industry, the rate hike means higher margins from variable rate products,” he said in a report. (90-0)

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)

PNB to increase exposure to private investments domestically and internationally

2017-12-31 themalaymailonline
PNB chairman Tan Sri Abdul Wahid Omar said PNB would increase its exposure to private investments both domestically and internationally. — Bernama file picKUALA LUMPUR, Dec 31 — Permodalan Nasional Bhd (PNB) would increase its exposure to private investments both domestically and internationally subject to the right opportunity, said its Chairman, Tan Sri Abdul Wahid Omar. (8-0)

BIMB earnings 30.5% up

PETALING JAYA: BIMB Holdings Bhd ’s earnings jumped 30.5% to RM183.43mil in the third quarter ended Sept 30, 2017 on the back a 4.4% hike in revenue to RM912.74mil. (5-0)

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

BIMB 'buy', YTL 'hold', Johor Tin 'outperform'

UOB KAY HIAN Research has kept its “buy” call on BIMB Holdings Bhd with a target price of RM5.05.

Khairul Kamarudin named Bank Islam CEO

2017-06-13 themalaymailonline
KUALA LUMPUR, June 13 — BIMB Holdings Bhd has named Khairul Kamarudin as Chief Executive Officer of Bank Islam Malaysia Bhd for three years, effective June 14.

Which banks are next?

WITH the ongoing merger talks between RHB Bank Bhd and AMMB Holdings Bhd, coupled with Bank Negara’s push for the institutionalisation of banks, the question of which banks will be the next merger and acquisitions (M&A) candidates has resurfaced.

BIMB considers restructure

chief executive officer Datuk Seri Zukri Samat (pic) said: "“We are currently working on the details of BIMB’s restructuring. We are now in the midst of reviewing the structure and will decide on the best way to go forward.".

BIMB Holdings expects earnings in current financial year to reach record high

“Our main operating subsidiaries, Bank Islam and Takaful Malaysia, kept up the earnings momentum in the first quarter of 2017 to deliver stronger earnings for the group,” group chief executive officer Datuk Seri Zukri Samat(pic) said in a statement