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OCBC reports surprisingly weak 1st quarter

B>SINGAPORE:/BOCBC Bank Ltd, Singapore's third biggest lender, has reported an unexpectedly large 26% drop in first-quarter net profit, hurt by a weak equity market and the country#8217;s slowing economy.

Insurer looks at lower dividends

UNI.ASIA Life Assurance Bhd, formerly known as EON CMG Life Assurance Bhd, will not raise its life insurance premium rate in the near term despite the current economic uncertainties.

Premium rates to stay

GREAT Eastern Life (M) Bhd does not expect any increase in its premium rates over the next 1 to 2 years, said chief executive officer Alex Foong.

Private banking makes headway

PRIVATE banking, once viewed as the domain of global banks and those tucked in Switzerland, is set to capture a slice of the diversified market in Malaysia#039;s financial services scene.

OSK using universal broker status to broaden income

OSK Holdings Bhd is capitalising on its universal broker privileges as much as it can in order to expand its income base, said group managing director Ong Leong Huat.

StanChart confident of brisk unit trust sales

STANDARD Chartered Bank Malay-sia Bhd, the sole distributor of and guarantor for the RM200mil Hwang-DBS Capital Guaranteed Fund I, is confident the unit trust product will be snapped up in four to six weeks.

Mesdaq - Groomed for growth

FIRST impressions matter a lot. The curtains rose on the long-planned for Malaysian Exchange of Securities Dealing Automated Quotation (Mesdaq) in 1999 as the country, like many others in Asia, was reeling over the crushing impact of the financial crisis.

Minimum commission rates for stockbrokers set

TO prevent unhealthy competition in the stockbroking industry, the Association of Stockbroking Companies Malaysia (ASCM) has announced minimum commission rates for the industry.

Economic package good for insurance

MALAYSIA National Insurance Bhd (MNI) expects an increase in demand for insurance if the stimulus package to be introduced soon by the government is successful in generating more economic activity, according to managing director and chief executive officer Ahmad Subri Abdullah.

KLG Unit Trust is adopting a different strategy

HLG Unit Trust Bhd, in the wake of the current weak and volatile equity market, is somewhat adopting a strategy different from most of its other competitors: investing in companies which it knows best rather than being concerned over the short term volatility of a company's stocks per se.