Page 24 - Malayan Banking News Today

PETALING JAYA: The news about South-East Asia’s first decacorn, Grab Holdings Inc, to be listed in the United States in a massive near-US$40bil (RM165.16bil) deal is a big loss for Malaysia. “Super-app” Grab, known for its diversified services from ride hailing and food delivery to online banking, is a classic case of how a startup incubated in Malaysia was eventually lost to a neighbouring country. Today, its valuation is more than double the market capitalisation of Malayan Banking Bhd ...

Pos Malaysia announced today that Sharil, 51, will serve as its independent non-executive director. Sharil also holds directorships at Opcom Holdings Bhd, Bina Darulaman Bhd and Privasia Technology Bhd as their independent non-executive chairman. He is also a director of Digital Nasional Bhd, a newly set up special purpose vehicle that will undertake deployment of the 5G infrastructure and network nationwide. Sharil is also presently a senior adviser to Quantephi Sdn Bhd, a boutique investment ...

has appointed Shahril Azuar Jimin as its chief sustainability officer (CSO) to further accelerate the group’s sustainability agenda. The banking group said on Thursday, Shahril who is currently the CEO of Maybank Foundation, will expand his role as CSO and will lead the group’s efforts in sustainability. Maybank group president & CEO Datuk Abdul Farid Alias said Shahril will take the lead to design, align and integrate sustainability initiatives and goals within existing policies and proce...

Never has any company in Corporate Malaysia spent so much money, within a short period of time, on share buybacks as Top Glove Corp Bhd has. The world’s largest glove producer forked out more than RM1.4 billion in less than five months, from last September, when signs emerged that a vaccine for Covid-19 would be available soon. But the outcome of the exercise has been far from impressive. Since the first share buyback was announced on Sept 10, 2020, Top Glove has shed almost RM32 billion in v...

Short Position seem to have awoken from a slumber. For a stock that hovered around 60 sen a piece for a long time, it shot up on Thursday from 50 sen to 80 sen and then continued to that spectacular run to hit a high of RM1.08 on Friday, before settling down to 98 sen a share. So what’s happening? MSM seems to be a beneficiary of the commodities super cycle, well at least to those of us who believe there is such a cycle taking place. What is clear is that there is an on-going rally in commod...

(Feb 10): Myanmar’s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout. From beer maker Kirin Holdings Co to an early backer of gaming firm Razer Inc, companies and investors are weighing the impact of a military coup that’s thrust the once-thriving nation into a state of emergency. The turmoil is prompting multinationals like Thailand’s biggest industrial developer to delay inv...

Myanmar’s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout. From beer maker Kirin Holdings Co. to an early backer of gaming firm Razer Inc., companies and investors are weighing the impact of a military coup that’s thrust the once- thriving nation into a state of emergency. The turmoil is prompting multinationals like Thailand’s biggest industrial developer to delay investme...

Myanmar faces wider business fallout after Kirin retreat Faris Mokhtar, Philip J. Heijmans and Chanyaporn Chanjaroen, Bloomberg Feb. 10, 2021 FacebookTwitterEmail A demonstrator holds up a National League for Democracy (NLD) flag during a protest outside the Embassy of Myanmar in Bangkok, Thailand, on Feb. 1 2021.Bloomberg photo by Andre Malerba. Myanmars political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a wid...

EVERYTHING points to the Employees Provident Fund (EPF) declaring a commendable dividend for 2020. The fund with RM950bil under its belt is expected to declare a dividend rate that is almost the same as Amanah Saham Bumiputera (ASB) or more.

Real estate giant CDL targets net-zero operations by 2030 City Developments Limited (CDL) has become the first large business in Southeast Asia to sign the World Green Building Councils (WorldGBC) net-zero carbon buildings commitment. Pictured: An artists impression of the redevelopment of CDLs Republic Plaza property, located in Singapore’s Central Business District The commitment binds all signatories to achieving net-zero operational emissions in all buildings under their direct control b...