Wong Wei Shen

Recent and archived articles by Wong Wei Shen

21 May 2016 | 7:00 AM

Fintech – disruptive technology

A BUZZWORD growing in popularity in the financial world today is “fintech”, short for financial technology, which in a nutshell refers to the use of technology to deliver faster and cheaper financial services.

Uber moment: Nazir (left) says the banking industry is very ‘ripe’ or juicy to disrupt while Muhammad Ibrahim gives a grim reminder to banks of the threats posed by fintech.
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29 Apr 2016 | 1:28 PM

KLCI rebounds slightly, still in the red

KUALA LUMPUR: The FBM KLCI rebounded slightly from its mid-morning session on Friday. It still ended the morning session in the red, with power giant Tenaga Nasional and other blue chips continued to come under selling pressure.

29 Apr 2016 | 7:00 AM

Earnings potential for Cityneon

PETALING JAYA: Singapore-listed Cityneon Holdings Ltd, a subsidiary of the Star Media Group, could see potential surprises in earnings especially if it secures the naming rights to the Las Vegas property, as well as additional intellectual property rights.

25 Apr 2016 | 2:53 PM

Globetronics tumbles 20.7%, draws Bursa query

KUALA LUMPUR: Chip maker Globetronics fell as much as 20.7% on Monday to a low of RM4.38 in very active trade, prompting a query from Bursa Malaysia Securities.

20 Apr 2016 | 7:00 AM

Pecca Group makes strong debut on Bursa

PETALING JAYA: Car leather upholstery maker Pecca Group Bhd raised close to RM130mil in total gross proceeds from its initial public offering (IPO) debut on the Main Market of Bursa Malaysia yesterday.

The company was founded by Datuk Teoh Hwa Cheng in December 2000 and is mainly involved in the styling, manufacturing, distribution and installation of leather upholstery of car seat covers, as well as the supply of leather cut pieces to the automotive leather upholstery industry.
19 Apr 2016 | 7:00 AM

Nazir takes leave of absence saying ‘Reputation of the bank my priority’

KUALA LUMPUR: The outcome of what was supposed to have been a normal shareholders’ meeting of CIMB Group Holdings Bhd caught everybody by surprise. By mid-morning, the buzz was that chairman Datuk Seri Nazir Razak was taking leave of absence to facilitate the review of the bank’s anti-money laundering processes.

CIMB Group Holdings Bhd chairman Datuk Seri Nazir Tun Razak(right) and (left) group CEO Tengku Datuk Seri Zafrul Aziz at the press conference after CIMB's 59th Annual General Meeting. - Rickay Lai/The Star
19 Apr 2016 | 7:00 AM

CIMB to start ops in Vietnam by year-end

KUALA LUMPUR: CIMB Group Holdings Bhd expects to commence operations in Vietnam by the end of 2016.

(right) CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak and (left) group chief executive officer Tengku Datuk Seri Zafrul Aziz at the press conference after CIMBs 59th Annual General Meeting.
18 Apr 2016 | 2:19 PM

Nazir goes on leave as CIMB reviews anti-money laundering procedures

KUALA LUMPUR: CIMB Group Holdings Bhd's board of directors has initiated a review on its anti-money laundering processes including the US$7mil transaction chairman Datuk Seri Nazir Razak admitted to conducting.

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16 Apr 2016 | 7:00 AM

Kian Joo and Aspire call off takeover

PETALING JAYA: Can maker Kian Joo Can Factory Bhd and Aspire Insight Sdn Bhd have called off their business sale agreement (BSA), which would have seen the former disposing its entire business including its assets to Aspire for RM1.46bil.

14 Apr 2016 | 7:00 AM

Top Glove plans SGX listing on June 28

KUALA LUMPUR: Rubber glove manufacturer Top Glove Corp Bhd plans to list on the Main Board of Singapore Exchange Securities Trading Ltd (SGX-ST) on June 28, 2016.

“The secondary listing will improve our image and also the liquidity of our shares. It will open up to investors that prefer to deal in Singapore. Bottom line is that we will add and create value for our investors and shareholders, and as a result, they will have more confidence in us,” Tan Sri Dr Lim Wee Cha said during the company’s corporate presentation at Invest Malaysia 2016 yesterday.