Hong Leong Bank (HLB) and Hong Leong Islamic Bank (HLISB) have been appointed as the latest authorised agents of ASNB to offer ASNB unit trust funds.
Datuk Dr. Md Hamzah Md Kassim, Chairman of HLISB and Tan Sri Abdul Wahid Omar, the Group Chairman of Permodalan Nasional Berhad (PNB) attended the opening ceremony. Also present were Domenic Fuda, Group Managing Director and Chief Executive Officer of HLB, Jasani Abdullah, Chief Executive Officer of HLISB and Datuk Abdul Rahman Ahmad, President & Group Chief Executive of PNB.
As Muslims around the nation observe the holy Ramadan month, many are preparing for the upcoming Raya celebration. One of the many things that people most look forward to, will be the gathering of family, friends and neighbours.
Food is usually central to all these gatherings and having a caterer to prepare the food for your festive gathering is helpful, especially if you’re not too keen on cooking or cleaning up.
Naza Communications Sdn Bhd (NCSB), an integrated telecommunication infrastructure services provider and subsidiary of Naza Group of Companies, continues to make strategic plans and investments as the group concentrates its efforts in propelling the business unit even further.
Deemed a promising business within the group, Naza Communications is a company that specialises in providing innovative and holistic solutions for telecommunications connectivity through towers, micro cell sites and other telecommunications solutions. To date, NCSB has erected 200 towers across the country, at an investment tune of RM20 million and plans to build 1,000 towers in the next five years.
According to the World Bank Group, 18.9% of private sector businesses in Malaysia experienced electrical outages from March 2015 to May 2016. With the average duration of a typical electrical outage at 3.8 hours, more than 10% of businesses had backup power in the form of generators.
The study also showed that businesses that utilized generators used them regularly, with over 20% of the electrical power consumed by these businesses, supplied by these generators.
Protasco Bhd posted a RM4.3 million pre-tax profit on a 19.1 percent rise in revenue to RM157.5 million for the first quarter, underpinned by higher contributions from its maintenance division.
An increase in periodic road works helped the maintenance division more than double its pre-tax profit to RM10.2 million for the first quarter ended 31 March 2018, compared to RM4.8 million in the same quarter last year.
CIMB Group Holdings Bhd reported a Profit Before Tax (“PBT”) of RM1.74 billion for the first quarter of 2018 (“1Q18”) – representing a 8.0% year-on-year (“Y-o-Y”) growth on the back of lower operating expenses of 6.8% Y-o-Y and a 5.4% Y-o-Y decline in loan loss provisions.
Operating income was 1.3% lower Y-o-Y from lower net interest income and the deconsolidation of CIMB Securities International (“CSI”), partially offset by a RM152 million gain arising from the CSI sale.
The Group’s 1Q18 net profit improved 10.7% Y-o-Y to RM1.31 billion, translating into a net Earnings Per Share (“EPS”) of 14.2 sen and an annualised Return On average Equity (“ROE”) of 10.2%.
SMBC Malaysia (SMBCMY) has announced a new appointment of its chairman and independent non-executive director.
SMBCMY has appointed Chin Kok Sang, 60 as their chairman effective May 15 and he replaces Datuk Md Agil Mohd Natt who retired on April 1.
CIMB Group Holdings Berhad has pledged RM 75 million over the next three years to the CIMB 3D Academy.
The Academy premised on digital, data and disruption – is aimed at helping CIMB embrace the Fourth Industrial Revolution (4IR) to propel its digital ambitions via a Group-wide people development initiative.
Allianz Malaysia Berhad (AMB) Group profit before tax has also rose by 17.4 per cent to RM 127.6 million in the first three months of 2018 as compared to RM 108.7 million in the first three months last year.
AMB total assets grew 9.3 per cent to RM 16.81 billion the first quarter (Q1) of 2018 as compared to RM 15.38 billion in its preceding year.
The Financial Services Professional Board (FSPB) launched the FSPB Professional Code for the Financial Services Industry (FSI) to instil core minimum standards of conduct, enhance confidence and promote sustainability across the sector by promoting a strong culture of professionalism.
It is in addition to the FSPB Code of Ethics (CoE), which was launched in January 2016 and outlines a set of five broad fundamental principles to which FSI institutions and individuals should also adhere to which are Competence, Integrity, Fairness, Confidentiality and Objectivity.