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CIMB hopes other banks will offer free online fund transfers

CIMB hopes other banks will offer free online fund transfers

CIMB group chairman Nazir Razak says this will encourage more people to do their transactions online. CIMB group chairman Nazir Razak says allowing free online transfers will have minimal impact on the bank’s bottomline. KUALA LUMPUR: CIMB Bank Bhd said its zero-fee interbank fund transfer has a minimal impact on the bank’s non-interest income (NII). […]

April 26, 2018 | By | Reply More
Bursa Malaysia bucks regional trend to close marginally higher

Bursa Malaysia bucks regional trend to close marginally higher

KUALA LUMPUR: Bursa Malaysia ended marginally higher today after four straight days of losses, bucking the performance of regional bourses which ended mostly lower, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,852.27, down 0.34 of-a-point from Wednesday’s close of 1,851.93. It opened 4.26 points higher at 1,856.19 and moved between […]

April 26, 2018 | By | Reply More
Volkswagen Unveils New Golf R-Line

Volkswagen Unveils New Golf R-Line

Volkswagen Passenger Cars Malaysia (VPCM) unveils the new Golf R-Line at the Malaysia Autoshow 2018, completing the new Golf family line-up in Malaysia. The event also marks the Golf R-Line’s first public appearance in the country. Priced at RM166,990, the car is decked in the ‘R-Line’ styling package which includes the ‘R-Line’ front and rear […]

April 26, 2018 | By | Reply More
Regulating virtual currencies and ICOs

Regulating virtual currencies and ICOs

THE pattern is familiar. Computer geeks develop technology that threatens to overturn established markets and habits. Regulators then scramble to understand and tame the beast. This is what is happening in the financial world in the wake of an explosion of crypto-currencies. Over the past year the pool of virtual currencies has both deepened, from […]

April 26, 2018 | By | Reply More
Crypto money-laundering

Crypto money-laundering

AS LONG as dirty money has been around, so has money-laundering. Between $800bn and $2trn, or 2-5% of global GDP, is washed annually, estimates the United Nations Office on Drugs and Crime. Criminals have swapped money for precious metals, mis-stated invoices, rinsed cash through casinos or simply strapped it to their bodies and flown to […]

April 26, 2018 | By | Reply More
Zurich looking to sell 30% stake to comply with BNM rule

Zurich looking to sell 30% stake to comply with BNM rule

The Swiss insurer could get RM390 million from sale. Zurich Insurance is considering its options to comply with Bank Negara’s requirement that foreign companies own only a maximum of 70% in local entities. (Reuters pic) KUALA LUMPUR: Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, […]

April 26, 2018 | By | Reply More
Ramlee ready for Semporna battle

Ramlee ready for Semporna battle

KOTA KINABALU: Datuk Ramlee Marahaban who is being fielded for the hot seat of Semporna parliament, is confident about his chances, despite the prospects of a showdown with Parti Warisan Sabah (Warisan) president Datuk Seri Mohd Shafie Apdal in the upcoming 14th General Election (GE14). The Sabah finance assistant minister said Barisan Nasional (BN) is […]

April 26, 2018 | By | Reply More
CIMB optimistic on exceeding T18 targets

CIMB optimistic on exceeding T18 targets

KUALA LUMPUR: CIMB Group is cautiously optimistic in exceeding all its Target 18 (T18) targets as it entered its final year of the three year strategic plan.   Speaking at the conclusion of its 61st annual general meeting (AGM), group chairman Datuk Seri Nazir Razak said 2017 has been a great year for the bank but […]

April 26, 2018 | By | Reply More
Perodua introduces new Bezza variant

Perodua introduces new Bezza variant

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has introduced the new Bezza GXtra variant to replace the 1.0 Standard G variant with an introductory price from RM35,500 excluding insurance. The variant was launched at the Malaysia Autoshow 2018 in Malaysia Agro Exposition Park Sedang (MAEPS), which was officiated by Prime Minister Datuk Seri Najib […]

April 26, 2018 | By | Reply More
Nestle Malaysia hopeful to achieve RM400m sales from new products in 2018

Nestle Malaysia hopeful to achieve RM400m sales from new products in 2018

KUALA LUMPUR: Nestle (Malaysia) Bhd is confident of securing RM400 million in sales this year backed by new products launches. Chief executive officer Alois Hofbauer said the company would be launching between 40 and 50 new products annually including on-the-go consumption segment mainly in confectionery and culinary products. “We churn out healthier products for consumers. […]

April 26, 2018 | By | Reply More