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Daim: Help weaker bumiputra businessmen
KUALA LUMPUR: Former Finance Minister Tun Daim Zainuddin has asked the Government to adopt a fresh approach to assist independent bumiputra entrepreneurs, who are unable to compete effectively.
Room for foreign banks in Malaysia
PETALING JAYA: The Government is still open to allowing major foreign banks to set up operations in Malaysia despite concerns that there are already too many banks in the country.
Good to raise foreign ownership in banks
KUALA LUMPUR: Local banks stand to gain via exposure and enhanced competition should the Government allow the level of foreign ownership in them, currently capped at 30%, to rise to 49%.
Bank Negara: Let market decide on the number of banks
KUALA LUMPUR: The market will determine the number of banks in the country, which currently are well-capitalised.
Previous cases of control issue - Malaysia Airlines
ALLOWING an individual to wield control over a government-linked company through a 'privatisation' exercise can be problematic. One notable example was when one-time corporate high-flyer Tan Sri Tajudin Ramli bought a controlling stake in national carrier Malaysia Airlines (MAS) in a 'privatisation' exercise almost two decades ago.
No deal yet on Temasek’s AFG stake sale
PETALING JAYA: While speculation is rife that the Singapore government's investment arm Temasek Holdings Pte Ltd and co-investor Langkah Bahagia Sdn Bhd are keen to divest their combined stake of close to 30% in Alliance Financial Group Bhd (AFG), sources said they have yet to seek the advice of investment banks on how to proceed.
Will Temasek sell its AFG stake to DBS Group?
RUMOURS that Singapore state investment arm Temasek Holdings Pte Ltd is looking to sell its stake in Malaysia's Alliance Financial Group Bhd (AFG) have begun to make its rounds.
Singapore's DBS’ challenging entry into Malaysia
PETALING JAYA: One of the challenges facing DBS Group Holdings Ltd's possible entry into Malaysia's Alliance Financial Group Bhd (AFG) is the high price it may need to pay to buy out the Malaysian party in the holding company that controls 29% in AFG, according to banking sources familiar with the situation.
Alliance: Malaysian market can accommodate small banks
KUALA LUMPUR: There is space for a small bank like Alliance Financial Group Bhd (AFG), and there are many more segments in Malaysia that is still under-penetrated, such as wealth management among consumers, and services for the small and medium sized enterprises (SMEs), said its group chief executive officer Sng Seow Wah.
Mutalib to helm 1Malaysia Housing Programme?
PETALING JAYA: The recently announced 1Malaysia Housing Programme (Prima) is likely to be helmed by the low-profile Datuk Abdul Mutalib Alias, according to sources.
