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KUALA LUMPUR: CIMB Group Holdings Bhd, which aims to complete its footprint in Asean by 2018, plans to set up its Philippine operations from scratch instead of going through a merger and acquisition exercise.
KUALA LUMPUR: The Employees Provident Fund (EPF) is committed to its investment strategies and remains confident of achieving significant returns despite the prevailing challenges in the global market environment, says chief executive officer Datuk Shahril Ridza Ridzuan
PETALING JAYA: The interest rate cut by Bank Indonesia (BI) last week and further anticipated rate cuts in that country could be a game changer for Malaysian banks in Indonesia as they could see an uplift in their loan growth and earnings amid a challenging economic environment following weaker commodity prices and slower economic growth.
PETALING JAYA: Financial services group CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz will take on the additional role as the CEO of CIMB Bank effective Jan 20. Following this, Tengku Zafrul will step down from his position as CEO of CIMB Investment Bank effectively on the same date.