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Bank Islam's earnings seen improving, but funding cost pressures remain

BANK Islam Malaysia Bhd, the country’s largest standalone Islamic bank, will likely see stronger earnings this year despite a slower economy, even as it tries to manage its funding cost better amid heightened competition in the industry. “The key thing for us this year would be in terms of managing our liquidity or funding cost — that’s important,” CEO Mohd Muazzam Mohamed tells The Edge in an interview.
Cukai Makmur Mohd Muazzam Mohamed Saadiq Bhd Provident Fund Serba Dinamik Holdings Bhd Maybank Investment Bank Research

Serba Dinamik: Liquidator has agreed to 'several' right-sizing initiatives

Serba Dinamik Holdings Bhd, which is in the midst of appealing the High Court's dismissal of its application for a permanent stay of a winding up petition from its creditors, said several right-sizing initiatives that are in line with its regularisation efforts have been agreed to by its liquidator Victor Saw Seng Kee from PricewaterhouseCoopers Advisory Sdn Bhd.
Kuala Lumpur Sdn Bhd Serba Dinamik Serba Dinamik Sdn Bhd Seng Kee Saadiq Bhd

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Serba Dinamik, BCorp, Inari Amertron, Bintai Kinden, Nestcon, Kelington, DNeX, Haily, Tex Cycle, LBS Bina and AWC

Here is a brief recap of some corporate announcements that made the news on Tuesday (Jan 10) involving Serba Dinamik Holdings Bhd, Berjaya Corp Bhd, Inari Amertron Bhd, Bintai Kinden Corp Bhd, Nestcon Bhd, Kelington Group Bhd, Dagang Nexchange Bhd, Haily Group Bhd, Tex Cycle Technology (M) Bhd, LBS Bina Group Bhd and AWC Bhd.
Kuala Lumpur Malaysia General Indonesia General Sumatera Utara Jawa Barat Prasarana Danoes Cemerlang

StanChart Malaysia's new chief on how the bank wants to differentiate itself

KEENLY aware of how homogenous banking has become over the years, Standard Chartered Bank Malaysia Bhd’s (StanChart) new chief, Mak Joon Nien, is on a mission to ensure that the bank, the country’s first and oldest, moves early to differentiate itself in terms of how it competes.
Saadiq Bhd Cukai Makmur Abrara Anwar Kredit Pintar Serba Dinamik Holdings Bhd Standard Chartered Bank Malaysia Bhd Stanchart

High Court strikes out Serba Dinamik's bid to stay appointment of interim liquidator, orders group to pay RM500,000 costs

KUALA LUMPUR (Sept 15): The High Court (commercial division) had on Thursday (Sept 15) struck out a stay application by Serba Dinamik Holdings Bhd (SDHB) and three of its subsidiaries to temporarily stop the appointment of Victor Saw of PwC Malaysia as an interim liquidator.
Kuala Lumpur Serba Dinamik Serba Dinamik Sdn Bhd Datin Jeyanthini Kannaperan Claudia Cheah Lee Shih

Court appoints interim liquidator to take control of Serba Dinamik after it missed payment under Consent Order

The Kuala Lumpur High Court has appointed an interim liquidator to take control of Serba Dinamik Holdings Bhd and three of its subsidiaries after the troubled oil and gas company breached a Consent Order that requires it to start repaying a syndicated loan owed to six banks.
Kuala Lumpur Serba Dinamik Serba Dinamik Sdn Bhd Hong Leong Saadiq Bhd Lin Kum

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