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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.
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.
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.
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.
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.
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.
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.