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PETROLIAM Nasional Bhd (Petronas) president and chief executive officer Tan Sri Mohd Hassan Marican has been identified by two leading British newspapers as a possible candidate for appointment by the US administration to help manage Iraq's oil industry in the post-Saddam Hussein era.
INTERNATIONAL banking group HSBC is strategically positioning its unit HSBC Bank Malaysia Bhd to be its Islamic financial business hub for the South-East Asian region, HSBC Bank Malaysia deputy chairman and chief executive officer Zarir J. Cama told I>StarBiz/I>.
COMMERCE Trust Sdn Bhd expects its newly launched I>syariah /I>compliant fund called Lifetime Dana Barakah to bring total funds under its Islamic-based unit trust schemes to close to RM100mil by end of this year.
SYARIAH funds should not be sidelined and perceived by investors as generating lower returns than conventional unit trust funds which are mainly equity-based, according to Pacific Mutual Fund Bhd chief executive officer Michael Auyeung.