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Aviva to sell Vietnam unit to ManuLife
LONDON: British insurer Aviva is to sell its Vietnamese business to Canadian insurer ManuLife it said on Monday, as it pushes ahead with plans to pull out from its non-core markets.
YTL cements its position
YTL Corp Bhd’s acquisition of a 51% controlling stake in Lafarge Malaysia Bhd has lit up an otherwise dreary merger and acquisition scene in Malaysia.
RAM: Value of global sukuk issuance expected to be lower this year
PETALING JAYA: Global sukuk issuance for 2017 is expected to be slightly lower than last year in combined value, amid the ramping up of infrastructure-led projects in core sukuk markets.
Race to win bigger slice of regional insurance market heating up
KUALA LUMPUR: The race to win a bigger slice of South-East Asia’s insurance market is heating up as AIA Group, Manulife and Prudential plc compete for mid-size acquisitions in the region totalling up to US$1bil (RM3.18bil), sources said.
AIA, Manulife among bidders for Aviva's Malaysia JV
SINGAPORE/HONG KONG: AIA Group , Manulife and Prudential PLC are among companies that have made initial bids for the life insurance joint venture of Malaysia's CIMB Group and Aviva in a deal estimated to be worth at least $400 million, sources said.
CIMB Aviva stake for sale
KUALA LUMPUR: Britain’s second-largest insurer Aviva plc’s sale of its Malaysian life-insurance business could offer a buying opportunity for its competitors looking for a slice of the industry pie here, according to analysts.
China seen to overtake Canada as Starbucks’ second largest market
LOS ANGELES: Starbucks Corp is on the rise in China with ambitious expansion plans but like any big new emerging market there are teething problems, not least of which is that customers love it so much, they stay for hours and hours and sometimes don’t even buy a drink.
CIMB Bank sells stake in SEA Bank for RM40mil
Bumiputra-Commerce Holdings Bhd (BCHB) subsidiary CIMB Bank is selling its 60% stake in SEA Bank for 339 million Mauritius rupees (RM40mil) to British American Investment Co Ltd.
CIMB Bank sells 60% stake in SEA Bank for RM40mil
Bumiputra-Commerce Holdings Bhd's subsidiary CIMB Bank is selling its 60% stake in SEA Bank for 339mil Mauritius rupees (RM40mil) to British American Investment Co. (Mtius) Ltd.
