MALAYSIA - TAKAFUL - Takaful Ehsan looks beyond Malaysia - also Indonesia

http://www.btimes.com.my/Current_News/BTIMES/articles/ehsan11/Article/index_html

KUALA LUMPUR: ING Public Takaful Ehsan Bhd has set its sights on penetrating the overseas takaful market by 2015, said its top executive.

The Islamic insurance operator plans to leverage on its shareholders, ING and Public Bank, which has presence in several global market such as India, China, Indonesia and Indochina.

"A significant strategy of Takaful Ehsan is to embark on a global market penetration strategy after three years in operation," chief executive Saiful Yazan Ahmad told Business Times in a recent interview. (source)

MALAYSIA - CAPITAL MARKETS - Public Bank To Launch Three New Funds

KUALA LUMPUR, Sept 5 (Bernama) -- Public Bank will be launching three news funds on Tuesday, namely PB Asia Emerging Growth Fund, PB Bond Fund and PB Sukuk Fund, which will be managed by its wholly owned subsidiary, Public Mutual.

Public Mutual's Chief Executive Officer Yeoh Kim Hong, in a statement today, said the growth prospects for Asia were supported by resilient consumption expenditure amid sustained income levels, rising urbanisation rates and favourable demographic trends. (source)

MALAYSIA - FINANCE - Public Mutual launches two new Islamic funds that will focus on the domestic market (also Indonesia)

KUCHING: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd (Public Mutual) is launching two new Islamic funds, namely the Public Islamic Treasures Growth Fund (PITGF) and Public Sukuk Fund (PSKF) today. (source)

TAKAFUL - ING-PBB tie-up aims for profit in Q4 (and eye towards Indonesia)

ING and Public Bank Bhd(PBB) new takaful firm aims to be profitable by its fourth year of business as it taps Malaysia’s underserved insurance market, and eventually expand into Indonesia and Hong Kong, its owners said today.