Tag Archives: banking

Monday, 3 April 2017 TOKYO: Asian shares started the week on a steady footing on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed …

Saturday, 1 April 2017 KUALA LUMPUR: The ringgit is expected to strengthen against the US dollar next week, on expectations of positive Malaysian trade data, a dealer said. MIDF Amanah Investment Bank Bhd’s Chief Economist Dr Kamaruddin Mohd Nor said however, the ringgit is likely to see range-bound trade between …

Thursday, 16 March 2017 HONG KONG: Hong Kong’s central bank raised its benchmark interest rate by a quarter point for the second time in 3 months on Thursday, following a similar move by the U.S. Federal Reserve and said capital outflows will not pose challenges for the economy. While the …

Thursday, 16 March 2017 PETALING JAYA: Emerging-market currencies in South-East Asia are holding steady ahead of this week’s United States Federal Reserve (Fed) meeting, which may potentially see another interest rate hike. This is in stark contrast to last December when emerging-market currency exchange rates steeply weakened ahead of the …

Monday, 27 February 2017 HONG KONG: Asian stocks look set to edge lower for a second day on Monday as weak cues from U.S. share markets and declining European government bond yields on political worries push investors to take profits after a recent rally. Markets are holding in recent broad …

Wednesday, 22 February 2017 KUALA LUMPUR: Shares of RHB Bank Bhd fell to a low of RM4.95, the lowest since 3 February, on profit taking on the banking group despite Buy calls by research houses and in the absence of any negative news. At 11.35am, it was down 19 sen to …

Monday, 6 February 2017 KUALA LUMPUR: CIMB-Principal Asset Management Bhd expects to raise RM300mil in sales from its newly-launched CIMB-Principal Preferred Securities Fund (PSF) this year. Chief executive officer Munirah Khairuddin said the preferred securities potentially offered attractive yields, especially in an environment with low interest rates and heightened volatility. …

Thursday, 17 November 2016 KUALA LUMPUR: CIMB Bank Bhd is cautiously optimistic of maintaining its loan growth for the consumer banking segment at 7%t in 2017, a similar growth rate for this year. According to Chief executive officer of group consumer banking, Samir Gupta, despite the market challenges this year, …

Friday, 11 November 2016 PETALING JAYA: CIMB Bank Bhd plans to launch a two-way messaging application between customers and the bank, called “CIMB EVA” or Enhanced Virtual Assistant, by next month. CIMB Eva, which is a revolutionary conversational banking mobile application, will enable customers to check account balances, pay bills, …

Tuesday, 13 September 2016   KUALA LUMPUR: CIMB Equities Research sees strong earnings recovery in the third quarter of 2016 for Malaysian banks for the previous quarter and stays overweight on the banks. Its positive outlook was due to the potential re-rating catalysts of a recovery in earnings growth in …