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CIMB Bank and CIMB Niaga win six awards

KUALA LUMPUR: Regional banking group, CIMB Bank Bhd and its sister company in Indonesia, PT Bank CIMB Niaga Tbk, bagged six awards at The Asset Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2018.

Chief executive officer of group transaction banking, CIMB Group Holdings Bhd, Hendra Lembong said these awards were a testament to CIMB’s transaction banking leadership and strong commitment to deliver solutions that drive real value for its customers.

LG Group chairman Koo Bon-moo dies

SEOUL: Koo Bon-moo (pic), the chairman of South Korea’s fourth largest conglomerate that was the first to adopt a transparent shareholding structure among its units, has died. He was 73.

LG Group chairman Koo Bon-moo

US gun lobby takes aim at 'gun-hating' banks Citi, BofA

WASHINGTON: The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.

In March, Citigroup put restrictions on new retail business clients which sell guns to require their customers to pass background checks.

Perodua to fully reimburse GST in cash

KUALA LUMPUR: Perodua will fully reimburse the goods and services Tax (GST) to customers who purchase a new Perodua vehicle ahead of the zero-rated GST implementation on June 1.

Dayang tumbles, day trading and short selling suspended

KUALA LUMPUR: Shares of Dayang Enterprise Holdings Bhd fell to a low of 56 sen on Friday afternoon, prompting Bursa Malaysia Securities to suspend the intra-day short-selling (IDSS) and proprietary day trading (PDT).