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Business 19 Apr 2018 | 12:00 AM

CCM gets RM100mil financing from Sumitomo Mitsui

KUALA LUMPUR: Chemical Co of Malaysia Bhd (CCM) has accepted a commodity murabahah term financing-i committed facility of US$25mil (about RM100mil) from Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBC).

Business 28 Aug 2017 | 12:47 AM

Breakfast briefing: Monday, August 28

Breakfast briefing: Monday, August 28

Banking 28 Aug 2017 | 12:00 AM

Sumitomo Mitsui unfazed by new accounting standard

PETALING JAYA: Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBC Malaysia) does not expect the new accounting standard MFRS 9 to impact its earnings amid forecasts by analysts that banks could incur higher provisions that could dampen earnings.

Business 29 Feb 2016 | 1:27 AM

Breakfast briefing: Monday, February 29

Breakfast briefing: Monday, February 29

Business 29 Feb 2016 | 12:00 AM

Sumitomo Mitsui to play bigger banking role

KUALA LUMPUR: With a share capital of about RM1.58bil, the highest among foreign banks operating in Malaysia, Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBC Malaysia) is in a comfortable position to provide bigger loans to Malaysian corporates as the bank strategises its business.

Business 31 Oct 2015 | 12:00 AM

On the move

Chin Kok Sang (Tony), 57 has been appointed as Independent Non-Executive Director of Sumitomo Mitsui Banking Corp Malaysia Bhd (SMBCMY) effective Sep 18, 2015.

Business 23 Nov 2012 | 12:00 AM

Genting Hong Kong secures US$900m term loans

MANILA: Genting Malaysia Bhd's 18.4%-owned Genting Hong Kong Ltd, which operates the Star Cruises, has inked two term loans worth a combined US$900mil with a cast of international and Malaysian banks to refinance its debts.

Business 05 Apr 2011 | 12:00 AM

Sumitomo banking ops soon

KUALA LUMPUR: Sumitomo Mitsui Banking Corp Malaysia Bhd, a wholly-owned subsidiary of Sumitomo Mitsui Banking Corp (SMBC), will commence business operations on April 11. #8220;We consider Malaysia, one of the most important financial markets for our business, as its economy continues to grow and further expand,#8221; SMBC said in a statement yesterday.