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PETALING JAYA: Mitsubishi UFJ Financial Group (MUFG), a long-time shareholder in CIMB Group Holdings Bhd, is divesting its interest in the second-largest financial institution in Malaysia. News of MUFG’s proposed exit could have been the main trigger for CIMB’s shares falling 23 sen yesterday, wiping out RM2.08bil in the counter’s market capitalisation.

Headed by group chief executive officer and executive director, Tengku Datuk Seri Zafrul Abdul Aziz(filepic), the group is on track for a recovery after it was dragged down by its overseas operations in the last two years. It has launched a group-wide exercise to reduce cost and monetise its assets better with joint ventures with foreign financial houses.

HSS Engineers shares flying high, rises 3 times in 9 months

HSS Engineers Bhd, whose listing status was transferred to the Main Market a week ago, has seen its share price nearly tripling to RM1.13 in the past nine months alone.

Kuna: There are still numerous infrastructure projects that have yet to be announced by the government and the private sector.

Ministry to impose 30% bumi quota to break beef import monopoly

TEMERLOH: The Agriculture and Agro-Based Industry Ministry will impose a minimum 30% quota for bumiputra importers to break the beef import monopoly.

Malaysia imports RM2bil worth of beef annually, mostly from India. - Reuters pic

Motivating students

WHENEVER any student in Tuaran, Sabah scores straight As, Datuk Seri Madius Tangau expects a phone call.

Education Minister Datuk Seri Mahdzir Khalid (third from left) and Tangau (fourth from left) visiting SK Mangkabung pupils in Tuaran, Sabah in May this year. — Bernama

Socio-economic growth in Kelantan

THE Federal Government, through the East Coast Economic Region Development Council (ECERDC) and the Kelantan government, has successfully attracted RM12.7bil in private investments between 2007 and May 2017 as part of the transformation under the umbrella of the East Coast Economic Region (ECER).

International Trade and Industry Minister Datuk Seri Mustapa Mohamed (third from right) and Kelantan Mentri Besar Datuk Ahmad Yakob (fourth from right) with ROHM-Wako officials cutting ribbon to mark the opening of the ROHM-Wako building in Pengkalan Chepa in March this year.

Investing in their future

KOTA KINABALU: A small-time family business receive a shot in the arm with the Government’s Bumiputra Agenda Steering Unit (Teraju) giving them a RM69,000 grant.

Norhayati: “I have been processing this product with my husband and son manually for the past two years.

Teraju boosts Sabah’s economic progress with grants

KOTA KINABALU: The Government’s Bumiputra Agenda Steering Unit (Teraju) is spearheading economic progress in Sabah with facilitation funding, pacts, educational opportunities and project redevelopment.

Musa Aman (centre) and Husni (fourth from left) and other VIPs posing with the recipients in a ceremony in Kota Kinabalu. — Photos: NORMIMIE DIUN/The Star

MDV to finance more than 300 firms with new RM4bil fund

KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) aims to finance the operations of more than 300 companies over the next 20 years via potential disbursements amounting to RM4bil raised through its newly-launched third fund.

Second Finance Minister of Malaysia Datuk Johari Abdul Ghani (second, left) and Chairman of Malaysian Debt Ventures (MDV) Tan Sri Zarinah Anwar (second, right) having a light discussion with Chief Executive Officer Malaysian Debt Ventures (MDV) Datuk Zubir Md Ansori Yahaya (center), Chief Executive Officer Maybank Investment Bank Berhad Datuk John Chong (right) and Senior Managing Director CIMB Nur Masliza Sulaiman (left) during Exchange of Documents and signing ceremony of Malaysia Debt Ventures Berhad joint lead Arrangers with Maybank Investment Bank Berhad and CIMB Investment Bank Berhad at Launch of The Third Fund yesterday.

MDV to finance over 300 firms with RM1b fund

KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) aims to finance operations of more than 300 companies over the next 20 years via potential disbursements of RM4 billion raised through its third RM1 billion fund.

Buyers get feel of service apartments

THRIVEN Global Bhd launched its Wellness Tower @ Lumi Tropicana and eNESTa Kepong service apartments during a dual launch at its Thriven Sales Gallery in Section 13, Petaling Jaya.

Prospective buyers being briefed on eNESTa Kepong