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Business

CIMB and partners target 10% China halal trade financing

KUALA LUMPUR: CIMB Group Holdings Bhd and its collaborators aim to capture 5% to 10% in trade financing from the China halal market, which is forecast to be worth US$2 trillion by 2021.

Banking

CIMB, collaborators eye 5-10% financing of US$2tril China halal market

KUALA LUMPUR: CIMB Group Holdings Bhd and its collaborators aim to capture 5-10 per cent in trade financing from the China halal market worth US$2 trillion by 2021.

Business

CIMB offers lower rates for hybrid cars, GBI-certified buildings

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have rolled out preferential financing rates for new hybrid vehicles and Green Building Index (GBI) certified residential properties.

Business

Global Islamic finance forum to focus on beyond profit

KUALA LUMPUR: The Global Islamic Finance Forum (GIFF), which will be held on Oct 3-4 here, will focus on the theme “Beyond Profit” as the participants push ahead with value-based intermediation (VBI).

Metro News

Eco-friendly rice cultivation

KUCHING: Farmers in Ba’kelalan have been urged to adopt a sustainable method called systems of rice intensification (SRI) which can increase yield threefold while preserving the environment.

Business

Moody’s reaffirms ratings of CIMB

PETALING JAYA: Moody’s Investors Service has affirmed all ratings and assessments of CIMB Bank Bhd, CIMB Islamic Bank Bhd and CIMB Group Holdings Bhd.

Business

UMW gets SC receipt for RM2bil Islamic notes programme

KUALA LUMPUR: UMW Holdings Bhd has received the Securities Commission’s (SC) “acknowledgement receipt” for its Islamic note programme of RM2bil.

Corporate News

UMW plans RM2b Islamic notes programme

KUALA LUMPUR: UMW Holdings Bhd, which launched a takeover of MBM Resources and Perodua, has received the Securities Commission's “acknowledgement receipt” for its Islamic note programme of RM2bil.

Business

Thumbs up from property developers for CIMB's One-Minute Home Financing

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd's “One-Minute Home Financing” – which is part of CIMB’s InstaApproval platform – has received strong support from the country's top property developers.

Banking

Maybank to raise lending rates by 25bps on Monday

KUALA LUMPUR: Malayan Banking Bhd will raise its base rate (BR) and base lending rate (BLR) with effect from Monday, in line with Bank Negara Malaysia’s decision to the increase in the Overnight Policy Rate (OPR).