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Business

Comments on international currency business

CIMB Group plans to extend its Islamic finance offerings to countries where it already has a presence in, said chief executive officer Datuk Nazir Razak.

Business

Islamic banking in foreign currencies soon

Bank Negara will issue new conditional licences under the Islamic Banking Act and Takaful Act to allow qualified local and foreign lenders and even takaful operators to conduct the full range of Islamic banking and takaful business in foreign currencies, said governor Tan Sri Dr Zeti Akhtar Aziz.

Business

Perks for Islamic finance

The Islamic finance industry in Malaysia can expect various incentives soon aimed at further developing the country as an Islamic finance hub, said Bank Negara deputy governor Datuk Razif Abd Kadir.

Business

News in brief

News briefs on PJI, Key West, Green Packet, AHB Holdings, Jotech, DVM, Public Bank and Eng Teknologi

Business

Bursa Malaysia in dilemma over speculators, says official

Stock exchange operator Bursa Malaysia has a dilemma.

Business

China’s QDII scheme yet to sparkle

To drain excess liquidity in the economy, China is accelerating the implementation of the Qualified Domestic Institutional Investors (QDII) scheme that allows its people to invest in fixed income assets abroad.

Business

Strong buying interest as worries subside

THE Malaysian Institute of Economic Research trimmed its 2006 growth forecast to 5.2% from 5.5% saying that higher oil prices would curb overseas demand for exports and hence gross domestic product growth.

Business

Tanjung Offshore up on main board transfer approval

Shares in oil and gas services provider Tanjung Offshore Bhd closed 10 sen higher at RM2.87 yesterday, mainly driven by increased investor confidence following the approval of the company's proposed transfer to Bursa Malaysia main board.

Business

EPF becomes Media Prima’s biggest shareholder

The Employees' Provident Fund (EPF) has surprisingly become the biggest shareholder of TV broadcast and print media group Media Prima Bhd.

Nation

MD claims trial to cheating

A timber company managing director claimed trial to cheating a bank of US$1.2mil (RM4.6mil) over the delivery of timber last year.