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Banking 05 Aug 2017 | 12:00 AM Premium

Public Bank game changer

THERE are several items which are a fixture in Public Bank Bhd. For instance, try walking into any Public Bank branch and you will find the familiar photograph of Tan Sri Teh Hong Piow, the 87-year-old founder, framed on the wall of the banking hall.

Banking 10 Jun 2017 | 12:00 AM Premium

Which banks are next?

After the RHB-AMMB proposed merger, talk of more M&As in the sector has resurfaced

Banking 23 Jul 2016 | 12:00 AM Premium

Another go at BEA for Quek?

WHILE a corporate streamlining could take place at Tan Sri Quek Leng Chan’s Hong Leong group with the proposed sale of its insurance business and speculation of the tycoon’s youngest son assuming a bigger role, the latest development in Bank of East Asia (BEA) could present him with another bite at the cherry. The tycoon has a 14% stake in BEA.

Business 01 Mar 2014 | 12:00 AM Premium

Khalid: No rent-seekers involved in the deal

THE sequence of events leading to the agreement between the Selangor and federal governments to consolidate the water industry in Selangor seems to suggest that Mentri Besar Tan Sri Abdul Khalid Ibrahim was rushing into the deal amidst speculation of him being removed from him position.

Business 04 Jan 2014 | 12:00 AM Premium

What's up in Public Bank?

Since its last bonus issue of shares about 10 years ago, Public Bank Bhd had remained relatively quiet, steadily growing amid an increasingly competitive market, without any new corporate exercise until two days ago.

Business 03 Dec 2013 | 12:00 AM Premium

Highland Towers land for sale, 20 years after one of Malaysia’s worst disasters

PETALING JAYA: AmBank (M) Bhd is undertaking a tender exercise involving the sale of bungalow lots and residential units in Highland Towers, 20 years after a major landslide in the area triggered one of Malaysia’s worst disasters.

Banking 17 Jul 2013 | 12:00 AM Premium

Alliance says it's not affected by Financial Services Act rulings

KUALA LUMPUR: The tighter rulings laid out by the new Financial Services Act (FSA) bear no impact on the Alliance Financial Group Bhd, according to its chairman Datuk Oh Chong Peng.

Business 06 Jul 2013 | 12:00 AM Premium

MBSB under spotlight

THIS is turning out to be generally an interesting time for Malaysia Building Society Bhd (MBSB) following the enforcement of Financial Services Act 2013 (FSA). The non-bank financial provider next course of action will be closely-watched by investors and the industry.

Business 02 Jul 2013 | 12:00 AM Premium

Bank Negara gets more regulatory and supervisory oversight powers

PETALING JAYA: In its first official comment on the wide-reaching Financial Services Act 2013 (FSA), Bank Negara has said that the new legislation is aimed at furthering financial stability, supporting inclusive growth in the financial system and the economy, and providing adequate protection for consumers.

Business 05 Mar 2013 | 12:00 AM Premium

New Act would probably not require banking tycoons to sell down stakes

PETALING JAYA: The implications of the newly-passed Financial Services Act (FSA) is still being hotly debated. CIMB Research says it does not see banking tycoons having to sell down their stakes as a result of the FSA.