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Celcom expects 25% increase in business lines with new product
Celcom (M) Bhd expects to increase the number of business lines registered with it by 25% to 500,000 by year-end, supported by its enhanced I>PowerTools /I>mobile enterprise solution.
AmInvestment targets 8% yield from new fund
AmInvestment Group Bhd's fund management division is targeting a yield of 8% from its newly launched AmGlobal Enhanced Equity Yield Fund.
Survey: More MAs boost value
A HIGHER proportion of mergers and acquisitions (Mamp;As) have enhanced value for the acquirer#039;s shareholders, according to a survey done by accounting firm KPMG.
DiGi second quarter profit rises 78%
DiGi.Com Bhd has posted an impressive 78% rise in net profit to RM200.6mil for its second quarter ended June 30, compared with the previous corresponding period. This is due to gains from more focused segmentation, enlarged distribution reach and enhanced value propositions. Earnings per share rose by 43.4% year-on-year to 26.7 sen.
Visa unveils redesigned credit card
Visa International has introduced a new card design with enhanced security features that make counterfeiting more difficult while opening new business opportunities for its member financial institutions, the company said in a statement.
OCBC gives higher rates for savings
After raising the interest rates for fixed deposits last month, OCBC Bank (M) Bhd is now offering present and future customers a high interest yielding savings account that features enhanced rates and bonus payments when certain conditions are met.
SunREIT gets P1(s) rating from RAM
KUALA LUMPUR: Malaysias RAM Ratings has assigned a final shortterm enhanced rating of P1(s) to SunREIT Capital Bhds (SunREIT or “the issuer” formerly known as Noble Pioneer Sdn Bhd) proposed up to RM1.6bil nominal value commercial papers programme (CP programme).
Cashflow and monthly operating costs are key
AFTER watching Prime Minister Tan Sri Muhyiddin Yassin’s announcement on the enhanced stimulus package for SMEs, my various chat groups came alive with all kinds of comments and opinions. In particular, one chat group which comprises experienced retired senior bankers, entrepreneurs and senior business journalists (all about the same age of 60 and above) stood out for its wisdom and sharp foresight.
Singapore may allow foreign banks to create digital-only units
SINGAPORE: The Monetary Authority of Singapore (MAS) said it plans to revise rules governing foreign banks with a substantial local presence that may allow them to open digital-only banking subsidiaries.
Lower consumer spending may affect earnings
Research house expects GDP to contract by 4.4% this year
