Page 47 - Malayan Banking News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 , which is the country’s largest listed company. The exit of companies with high potential such as...

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 advisory firm in Malaysia and Asean Advisory Pte Ltd, a specialist advisory and consulting firm base...

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 procedures across the group, as well as reaffirm sustainability as a guidingprinciple and objective in it...

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 valuation. From a high of RM9.35 sen, which it hit on Oct 19, the stock dropped to a year-low of RM5....

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 commodity prices as the world economy pulls out from the coronavirus-induced slump of 2020.