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Bank Negara sees need for more prudent regulation, supervision
KUALA LUMPUR: The global Islamic financial system is now operating at a time when the international economic and financial environment has become immensely more challenging, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz.
MAA can advance with disposal of Takaful arm
MAA GROUP Bhd, which has been having funding issues despite being cash-rich, may have finally found a reprieve with the sale of its Takaful arm, MAA Takaful Bhd.
RHB Bank to assess opportunities in Indonesia
KUALA LUMPUR: RHB Bank Bhd, which saw its bid to acquire a stake in Indonesia's PT Bank Mestika Dharma Tbk fall through, is optimistic about the prospects in that country and and will assess the opportunities.
Setting the benchmark
IN the evolving financial services industry (FSI), regulations for more independent directors and stringent corporate governance have made it crucial to have qualified and accountable directors on the boards of financial institutions.
Syarikat Takaful Malaysia finalising corporate structure
PETALING JAYA: Syarikat Takaful Malaysia Bhd, which is not discounting the possibility of a merger and acquisition (M&A), is in the midst of finalising its corporate structure in line with requirements under the Islamic Financial Services Act (IFSA) 2013.
Foreign insurers eye stake in Syarikat Takaful
PETALING JAYA: Syarikat Takaful Malaysia Bhd, which is a target for acquisition, could see the entry of a foreign-based insurer buying up a stake in the country’s oldest takaful company.
Bank Negara: Economy healthier, growth broad based
KUALA LUMPUR: Malaysia's Gross Domestic Product (GDP) figures underscore a trend where the economy is becoming healthier, with growth becoming more broad-based across sectors amid a firm trajectory.
Takaful Malaysia converts its composite licence into single licences
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd (STMB) has announced the conversion of its composite licence into single licences and splitting of the company into two entities to manage the operations of its family and general takaful businesses separately.
Hong Leong MSIG Takaful to exit general business
KUALA LUMPUR: Hong Leong MSIG Takaful Bhd (HLMT) will cease to be a composite licensed takaful operator with effect from Sunday, July 1 under 2018 its internal streamlining exercise.
