www.thesundaily.com - PETALING JAYA (June 25, 2012): Once considered the
third-largest market in Asia after Tokyo and Hong Kong during the 1990s,
Bursa Malaysia now needs to do more or risk falling further behind its
competitors, analysts warned.
They said it's not enough to pay lip service to the goal of
developing Bursa Malaysia into an attractive and competitive exchange in
the region, but not act on it.
"In the early 1990s, Bursa Malaysia (then known as Kuala Lumpur Stock
Exchange) used to be on par with Singapore's stock exchange (in terms
of vibrancy). Back then, volume in the Singapore stock market was very
much dependent on Malaysia when investors in Singapore were allowed to
trade Malaysian shares on the CLOB (Central Limit Order Book system)
market," said an analyst. (source)
Showing posts with label thesundaily. Show all posts
Showing posts with label thesundaily. Show all posts
Monday, June 25, 2012
Monday, April 23, 2012
INDONESIA - BANKING - Maybank Islamic targets 15-18% growth
www.thesundaily.my - KOTA KINABALU (April 21, 2012): Maybank Islamic Bhd
is targeting to grow its assets in the region of 15-18% this year, says
chief executive officer Muzaffar Hisham.
He said the bank now enjoys growth in both the corporate and customer segments, although they are still cautiously optimistic about growth this year.
"This is the advantage of our business as the growth is coming from both sides. We have a target for our bottom line which has been reported, and we hope to touch a pre-tax profit of RM1 billion.
"However, we have three more quarters to go and I'm extremely cautious on the economy but we still want to grow, although we want to grow cautiously and responsibly," he told the media in conjunction with Permodalan Nasional Bhd's unit trust week here today. (source)
He said the bank now enjoys growth in both the corporate and customer segments, although they are still cautiously optimistic about growth this year.
"This is the advantage of our business as the growth is coming from both sides. We have a target for our bottom line which has been reported, and we hope to touch a pre-tax profit of RM1 billion.
"However, we have three more quarters to go and I'm extremely cautious on the economy but we still want to grow, although we want to grow cautiously and responsibly," he told the media in conjunction with Permodalan Nasional Bhd's unit trust week here today. (source)
Saturday, March 03, 2012
SINGAPORE - FINANCE - CIMB Singapore aims to approve S$100m Islamic loans for SMEs
www.thesundaily.com - KUALA LUMPUR (March 2, 2012): CIMB Bank, which started its Islamic commercial banking operations in Singapore last year, aims to approve S$100 million this year for the small and medium enterprises (SMEs) in the republic.
"We are targeting about S$100 million for SME financing this year. At the moment, we already have about S$30 million on our balance sheet with a healthy pipeline for the full year.
"The take-up rate of Islamic financing for SMEs has been encouraging although it is very early days for the industry in Singapore," said Badlisyah Abdul Ghani, CIMB Group's head of group Islamic banking division.
He said the bank's Islamic commercial banking operation has been growing in Singapore although the Muslim community makes up less than half of the population. (source)
"We are targeting about S$100 million for SME financing this year. At the moment, we already have about S$30 million on our balance sheet with a healthy pipeline for the full year.
"The take-up rate of Islamic financing for SMEs has been encouraging although it is very early days for the industry in Singapore," said Badlisyah Abdul Ghani, CIMB Group's head of group Islamic banking division.
He said the bank's Islamic commercial banking operation has been growing in Singapore although the Muslim community makes up less than half of the population. (source)
Sunday, February 26, 2012
INDONESIA - TAKAFUL - Takaful Malaysia FY11 profit exceeds RM100m mark - Indonesia subsidiary shows recovery
www.thesundaily.com - KUALA LUMPUR (Feb 24, 2012): Syarikat Takaful Malaysia Bhd (Takaful Malaysia) recorded another year of strong growth with profit before taxation and zakat exceeding the RM100 million mark for the first time since its establishment in 1984.
For the financial year ended Dec 31 2011 (FY11), profit before taxation and zakat grew 55% to RM101.4 million from the previous year, while operating revenue increased 17% to RM1.4 billion. (source)
For the financial year ended Dec 31 2011 (FY11), profit before taxation and zakat grew 55% to RM101.4 million from the previous year, while operating revenue increased 17% to RM1.4 billion. (source)
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