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The Court of Appeal dismissed Tuesday an appeal by businessman Datuk Soh Chee Wen against an order for a RM2.96mil summary judgment awarded by the High Court to CIMB Securities Sdn Bhd about five years ago.
Malaysia's gross domestic product (GDP) grew by 5.2% last year - beating most analysts' expectations - on the back of higher consumer spending, soaring exports and stronger growth in investments.
Malaysia wants to brand itself internationally as a corporate nation that emphasises quality, security, service and efficiency.
Several major local banks Thursday night denied they were responsible for the sharp fall of stocks on Bursa Malaysia lately, and instead placed the blame on speculators and stock market syndicates.
The CIMB banking group will emerge as Malaysia's first universal banking entity with its investment banking business being integrated with that of Commerce Asset-Holding Bhd's (CAHB) commercial banking arm, Bumiputra-Commerce Bank Bhd (BCB).