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Move to license financial planners

Financial planners, seen as an important group of professionals in the banking landscape of the future, are likely to require licensing as investment advisers.


Crisis reveals weaknesses in family business concept

THE Asian way of business based on the extended family and tight personal ties which have served Chinese entrepreneurs so well in the past, are unlikely to serve East and South-East Asia as well in the future, chairman and chief executive officer of LIN Associates Tan Sri Dr Lin See Yan said.


KL market extends rally on renewed buying interest

THE local stock market rallied for a second consecutive day yesterday after economic information released on Monday and better corporate results suggested that more fundamental reasons to back up higher stock prices could emerge during the second half of the year.


Malaysia's second half growth much stronger, says Zeti

THE economy expanded stronger than expected in the second quarter, thanks in part to the RM7.3bil stimulus package launched by the government, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.


Insurance firms to follow standard price list

In a move to stop inflated motor claims that can lead to higher motor insurance premiums, Bank Negara has directed insurance companies to follow a standard price list for spare parts and labour charges from next year.


Hong Leong Bank aims for 200 branches in 3 years

HONG Leong Bank Bhd plans to have a total of 200 branches nationwide in three years, said its senior group managing director Datuk James Lim.


Bank Islam plans partnership with major European bank

BANK Islam Malaysia Bhd will soon be announcing a strategic alliance with a major European bank with which it plans to jointly develop new Islamic products for the local and overseas markets.


Citibank eyes RM3bil loans

CITIBANK Bhd is targeting RM3bil sales for its new I>FlexiHome Loan/Iby the end of the year considering the rising demand for housing loans and the benefits attached to the product.


News in brief

News in brief on Suntech, Sportma, Chase Perdana amd Dialog..


8 finance institutions move to EMV chip cards

EIGHT local financial institutions have officially migrated to Europay-MasterCard-Visa (EMV) chip-based smart cards and the remaining nine are actively in the planning and implementation stages, Visa International country manager for Malaysia, Brunei and Guam, Jeffrey Perera said.