Business

MIDF-MBSB proposed merger stirs interest

By YVONNE TAN

NEWS of Malaysian Industrial Development Finance Bhd (MIDF) possibly merging with MBSB Bank Bhd has reignited interest in consolidation within the local banking industry.

Nevertheless, industry observers do not think that another round of mergers is around the corner as this latest development is “unique in nature,” as one puts it.

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