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KUALA LUMPUR: AMMB Holdings Bhd posted earnings of RM280.02mil in the fourth quarter ended March 31, 2016 and rewarded shareholders with a dividend of 10.5 sen a share and cautioned about a slower growth for the banking sector.
RASHID Hussain Bhd (RHB) has successfully completed the restructuring of its short-term borrowings totalling RM840mil into facilities with longer term maturities comprising RM280mil revolving credit facilities with tenures of three years, RM200mil bank guaranteed bonds with tenures of 5 years and RM360mil term loan facilities with tenures of seven years.
RATING Agency Malaysia Bhd (RAM) has reaffirmed a positive outlook on the local banking sector in view of the continued improvement in asset quality owing to the gradual economic recovery and the resolution of the Lion group debts.
DATUK Mohd Azlan Hashim has been re-appointed executive chairman of the KLSE committee, and Datuk Mohaiyani Shamsuddin deputy chairman.
Citibank, a unit of US financial titan Citigroup Inc, will pay about 600 million yuan (US$72mil) for a 5% stake in Shanghai Pudong Development Bank in its first strategic partnership in the potentially huge China market.
As long as you have dependants whom you care for, you need life insurance at least until you grow rich enough to be self-insured, writes RAJEN DEVADASON.
PRIVATE healthcare services provider KPJ Healthcare Bhd will in future keep its budget for new hospitals within a RM100mil limit.
DDB International president (Asia-Pacific) Michael Bray is generous in his praise of DDB Worldwide's Malaysian operations, Naga DDB.
THE MAGIC SAFE: A Journey to Financial Freedom - Review by ELIZABETH TAI