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UBs can become investment bankers

THE six universal brokers (UBs) in the country will now have the opportunity to become investment banks (IBs) following further liberalisation in the financial services sector.

Budget provides RM5.7bil to develop infrastructure in rural areas

THE government will undertake proactive measures to develop physical infrastructure, especially in less developed areas.

FMM lauds RM1bil fund for SMEs

THE Federation of Malaysian Manufacturers (FMM) has lauded the move to establish the RM1bil capital fund for SMEs.

Commercial property, REITs the big winners

THE commercial property sector and the real estate investment trusts (REITs) appeared to be the biggest winners from the Budget, which has proposed the setting up of a bumiputera property trust foundation, Yayasan Amanah Hartanah Bumiputera, as well as tax incentives for REITs.

ACPI seeks more overseas contracts

ACP Industries Bhd (ACPI) is looking at more overseas contracts to cushion the effect of a scarcity of local projects.

BPB aims for higher plasterboard exports

BPB Malaysia Gypsum Sdn Bhd aims to turn Malaysia into a net exporter of plasterboard with its newly-established plant at North Port, Klang, BPB managing director Paul McCrea told reporters.

MD: Good times ahead for building materials industry

MALAYSIA still offers good opportunities for Ajiya Bhd to establish itself as one of the leading industrial building system providers (IBS) in the country.

Ajiya aims to capture bigger market share

AJIYA Bhd aims to establish and position itself as one of the leading industrial building system (IBS) providers in Malaysia within the next two years.

Assets grow 15% to hit RM94.6bil

TOTAL assets of the Islamic banking sector grew by 15% last year to RM94.6bil, spurred by higher growth in total financing.

Islamic banking deposits 21% higher

THERE was ample liquidity in the Islamic banking system last year, with total deposits growing moderately by 21% to RM72.9bil as at the end of last year.