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Orix to keep expanding financial services

ORIX Leasing Malaysia Sdn Bhd will continue to expand in the financial services market, unperturbed by the entrance of new, bigger foreign players in view of liberalisation of the local financial market, said chairman of Orix Corp Japan, Datuk Yoshihiko Miyauchi.


Five men held for cheating firms of RM5m

Bukit Aman commercial crime officers have busted a syndicate that is believed to have cheated several financial institutions of over RM5mil using forged land titles.


Public Bank HK unit move shot down

A proposal by Public Bank Bhd's 64.88%-owned Hong Kong-listed financial services unit JCG Holdings Ltd to go private has been shot down by the company's independent shareholders.


Foreign firms hail SC move

FOREIGN firms with Malaysian operations see the latest relaxation of rules by the Securities Commission (SC) to allow them to seek a direct listing on the KLSE as a welcome development, but many are not about to take up the offer just yet.


Container leasing growth pushes up COSCO H1 profit

China-backed COSCO Pacific Ltd announced a first-half net profit increase of 5.4% yesterday as it expanded its shipping container leasing operation, which is the world's fifth largest.


Cheaper to perform the haj

THE pilgrimage to Mecca will be cheaper next year following the Government's announcement that the cost of performing the I>haj/Iwill be reduced by 5%.


Upbeat mood at Malaysia Debt Ventures

THE mood is upbeat at Malaysia Debt Ventures as it moves into its second year of operation after concluding a year capped by its success in breaking new ground in the local information and communications technology (ICT) sector.


Lone Star buys 51% in KEB

B>SEOUL/B>: US investment firm Lone Star signed a US$1.2bil deal Wednesday to take control of Korea Exchange Bank (KEB), marking the largest-ever foreign investment in South Korea's financial sector.


Lofsa promoting Islamic financing tools: New DG

THE Labuan Offshore Financial Ser- vices Authority (Lofsa) is promoting the development of innovative Islamic financial instruments in the market, according to new director-general Rosnah Omar.


Jerneh shaping up as a formidable player

JERNEH Asia Bhd, through its partnership with composite insurer Assicurazioni Generali SpA of Italy, is well on track to become a formidable insurance player in the region, Jerneh's chief executive officer Ralph Liew said in an interview.