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CIMB Research upbeat on Maybank unit Etiqa’s overseas growth

KUALA LUMPUR: CIMB Equities Research sees the potential for Maybank’s group insurance and takaful business to grow in overseas markets, principally in Singapore, Indonesia and the Philippines, where Maybank has strong footholds in commercial banking.

Maybank said Etiqa is the fastest-growing insurance/takaful company in Malaysia year-to-date in all segments, including life insurance, family takaful, general insurance and general takaful.

RHB eyes 30% increase in cardholders

KUALA LUMPUR: RHB Banking Group expects to increase the number of its cardholders by 30% by the first quarter next year, driven by its latest product, the Dual Credit Card.

Investors are watching these sectors after midterms

NEW YORK: Equity investors are eyeing six key sectors after the midterm elections resulted in the Democrats seizing control of the House of Representatives, while Republicans maintained control of the Senate.

‘Untested risk’

PETALING JAYA: Plans to resolve affordability issues among first-time house buyers using a crowdfunding platform as an alternative source of financing has been greeted with curiosity and doubts.