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Business 03 Oct 2003 | 12:00 AM

CIMB to buy 51% stake in Niaga Sekuritas

CIMB Bhd has proposed to acquire 18.45 million shares, or 51% equity interest, in P.T. Niaga Sekuritas of Indonesia for 20.7 billion rupiah or RM9.6mil cash.

Business 02 Oct 2003 | 12:00 AM

Takaful to raise paid-up capital of Labuan unit

SYARIKAT Takaful Malaysia Bhd plans to increase the paid-up capital of subsidiary Asean Retakaful International (L) Ltd (ARIL) from US$4mil to US$15mil this year, and subsequently to US$50mil, in a bid to strengthen the retakaful capacity of the company.

Business 27 Sep 2003 | 12:00 AM

Astro secures US$265mil term loan

ASTRO All Asia Networks plc signed yesterday a US$265mil syndicated term-loan facility to finance its purchase of Hong Kong's Celestial Pictures and pare debts.

Business 26 Sep 2003 | 12:00 AM

MNRB to raise global profile

MALAYSIAN National Reinsurance Bhd (MNRB) intends to revive its plan to buy a share in a syndicate operating in the London-based Lloyd's insurance group as part of a strategy to increase its profile in the international market.

Business 25 Sep 2003 | 12:00 AM

Malaysia seeks ties with Bahrain in Islamic finance

Malaysia and Bahrain could move Islamic financial instruments to a higher plateau if the financial hubs of both countries could be connected, said Second Finance Minister Datuk Dr Jamaludin Jarjis.

Nation 19 Sep 2003 | 12:00 AM

MP: Make hiring of guards stricter

THE Private Agency Act should be revised to make it compulsory for security companies to impose stricter conditions when hiring security guards, a backbencher said.

Business 19 Sep 2003 | 12:00 AM

BNP Paribas upbeat on local offshore lending

BNP Paribas sees good prospects for offshore lending in the country and expects it to grow in tandem with the export performance and overseas investment activities of Malaysian companies, said Labuan branch general manager/country manager Yap Siew Ying.

Business 18 Sep 2003 | 12:00 AM

Enhancing Johor for offshore firms will pose competition for Singapore

JOHOR will pose competition to Singapore when Labuan offshore companies set up marketing offices in the state, but this can only work to Malaysia#039;s advantage if red tape were to be reduced, Ernst amp; Young Tax Consultants Sdn Bhd executive director Lee Choong San said.

Business 15 Sep 2003 | 12:00 AM

Takaful Malaysia ready to offer expertise globally

NEARLY 20 years after opening its doors for business, Syarikat Takaful Malaysia Bhd is now ready to tap the world market, offering its expertise to the emerging Islamic insurance sector, said Takaful Malaysia chief executive officer Datuk Mohd Fadzli Yusof in an interview.

Nation 14 Sep 2003 | 12:00 AM

Johor sees benefits from off-shore branches

Johor expects tremendous growth in the banking and financial sectors once Labuan-based financial institutions open up their branches here.