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Investors reluctant to return to Japan despite rally

TOKYO: Japan’s stock market has regained US$334bil in value this year after crawling out of the worst quarterly performance since 2008. But the bounce isn’t enough to get everyone back.

KLCI gives up all its gains to close in the red

KUALA LUMPUR: The FBM KLCI gave up all its hard-earned gains to close in the red on Monday, weighed down by losses in Petronas-linked stocks and telcos despite a stronger broader market.

CIMB allocates extra RM400m for IT, bank ops in 2019

KUALA LUMPUR: CIMB Bank Bhd says it will be more aggressive in investing in information and technology (IT) and bank operations in the 2019 financial year (FY19), allocating an additional RM400 million on top of its business-as-usual (BAU) allocation valued at RM500 million.

Group chief executive officer Tengku Datuk Seri Zafrul Aziz said following the size of capital expenditure this year, the group is anticipating a flat return on equity (ROE) growth for FY19.

CIMB allocates extra RM400mil for IT, bank operations in FY19

KUALA LUMPUR: CIMB Bank Bhd says it will be more aggressive in investing in information and technology (IT) and bank operations in the 2019 financial year (FY19), allocating an additional RM400 million on top of its business-as-usual (BAU) allocation valued at RM500 million.