CCIMB Group Holdings Bhd are disposing 65 properties to the Employees Provident Fund (EPF).This step is taken due to CIMB do not want a property risks as well as a way to raise money for working capital purposes of CIMB Bank.
The disposal 65 properties to EPF will be the first quarter of 2010.RM302.5 million.
Last November, Interest rates remained stable.This also reported by Bank Negara Malaysia where interbank rates relatively stable.Interest rate goes average within a narrow range of between 1.99 per cent and 2 per cent.
That is stable and not a significant change between month November and December.Also, fixed deposit rates of commercial banks was noted remain unchange for Dec. and Nov analysist.
This same goes to the average base lending rate where recorded unchanged at 5.51 per cent.
Mizuho Corporate Bank, Ltd. provides financial and strategic solutions for the increasingly diverse and
sophisticated needs of clients, focusing its efforts on serving major corporations, financial institutions, and
public sector entities. A relationship management approach to serving clients enables Mizuho Corporate
Bank, Ltd., together with affiliates such as Mizuho Securities Co. Ltd., to develop customized solutions in
areas such as corporate, structured and project finance, investment banking, transaction banking and risk
management. With offices in more than 28 countries, Mizuho Corporate Bank, Ltd. offers clients both
localized service and the extensive reach of a global business network. Mizuho Corporate Bank, Ltd. is a
subsidiary of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), one of the largest financial
services companies in the world, with total assets of over $1.7 trillion as of September 30, 2009.
The new Mizuho Securities was formed on May 7, 2009, through the merger of Mizuho Securities and
Shinko Securities. Concentrating on its combined strength as a global investment bank backed by a
nationwide client base in Japan and full-service securities business network, Mizuho Securities provides
best-in-class professional services to its diverse array of clients, ranging from individuals and households
to domestic and overseas institutional investors, financial institutions, non-financial companies, and public
corporations and entities.
Mizuho Securities, as a global investment bank, contributes to the development and expansion of
capital markets, and, through its corporate activities, seeks to contribute to the creation of a better society
where sustainable development is a reality.
Maybank is Malaysia’s largest financial services group with operations in 13 other countries and over
700 offices worldwide. Total assets of the Group as at September 2009 stood at over MYR317 billion. The
Maybank Group offers a comprehensive range of financial services and products ranging from commercial
banking, investment banking, Islamic banking, credit cards, offshore banking, leasing and hire purchase,
insurance, factoring, trustee services, asset management, stock broking, nominee services, venture capital
and Internet banking. Maybank was voted Malaysia’s Most Valuable Brand in 2007 and 2008
(4As/Interbrand Poll). It was also ranked 122nd (first among Malaysian banks) in the list of world’s top
500 banking brands (Brand-Finance Global 500).
Maybank Investment Bank was established in 1973 and is a full-fledged investment bank, whose
business covers a broad range of financial solutions and advisory services. Maybank Investment Bank has
demonstrated its resilience against the backdrop of an increasingly competitive and challenging operating
environment – as evident from its entrenched position as one of the top investment banks on the local front.
This is further noted by the numerous league table ranking and awards it has received between 2008 and
2009, such as The Asset Triple A Awards 2009 – Most Innovative Islamic Finance Deals, The Edge
Starmine Awards 2009 – Top Rank in Mid and Small Cap Earning Estimates and RAM 2008 Lead
Manager’s League Table – Ranked No. 1 by Value of Issues.
Mizuho Securities Co., Ltd. (“MHSC”) and Maybank Investment Bank Berhad (“Maybank IB”),hereby jointly announce the conclusion of a Memorandum of Understanding to form a strategic alliance and work together in areas such as primary and secondary markets, M&A advisory, and Islamic markets,and to leverage our mutual expertise, experience and robust global networks to further develop markets in
Malaysia, Japan and other regions.
The agreement was signed between President of MHSC, Keisuke Yokoo and the Chief Executive Officer and Director of Maybank IB, Mohammed Rashdan. Both MHSC and Maybank IB are confident that this new opportunity, along with greater coordination with the parent companies, Mizuho Corporate Bank and Maybank, will enable us to further strengthen our mutual businesses and provide our customers
with a wider range of top-quality services.
As aggressive, innovative and forward-looking companies, our successful partnership will form the ideal platform to further develop businesses in the Asian region and spearhead a foray into new markets to complement the growing global aspirations of our parent companies.
Based on positive business growth from the existing strategic alliance between MHSC and Maybank IB,this tie-up provides optimal synergies for both parent company groups in terms of profiling and revenue
potential.
Both parties, MHSC and Maybank IB are optimistic that the collaboration will greatly expand our expertise and business networks in many areas.
Bank Islam Malaysia Bhd aims to increase its personal financing portfolio to RM2 billion for the financial year ending June 30, 2010, from RM1.5 billion previously.
Its consumer banking division general manager Khairul Kamarudin said the bank will execute an aggressive and effective marketing campaign to attract customers.
“With competitive features, people will take notice of our financing product,the Personal Financing-I. It also offers among the lowest rate in the market,” he told reporters after the prize giving ceremony for the bank’s “ExtraBagAnza campaign, here on Monday.
Khairul said more than RM30 million in loans had been disbursed until Nov 30 with the campaign having began on Sept 1.
He said customers wanting to participate, need to apply for a minimum financing of RM30,000, from now until June 30, 2010.
“We are offering a low rate of 3.25 per cent per annum with a longer financing period of up to 15 years.There is no need for a guarantor and neither are there hidden charges,” he explained.
At present, Bank Islam has a network of 93 branches and 656 self-service terminals nationwide. It offers more than 50 shariah-based banking products.
Amanah Saham Nasional Bhd. (ASNB), a wholly owned subsidiary of National Capital Ltd. (PNB) today launched a campaign Amanah Saham 1Malaysia (AS1M) state level here.
Program is the third after Kelantan and northern zone covers Perlis, Kedah and Penang in October and November last year.
Launching the program executed by the President and Chief Executive of PNB Group, Tan Sri Hamad Kama Piah Che Othman.
Campaign in the state since December 11 and moved through the squad MyVi-AS1M have ventured around Tangkak, Muar, Batu Pahat, Parit Raja, Kluang and Skudai.
Hamad Kama Piah today released squad-MyVi AS1M to the last location around the city.
At the launching ceremony was also, about 400 participants from investors following the briefing ASNB investment.
Briefing that touched on the economic environment, reviews and information on current market AS1M and products operating PNB unit trust others.
Special briefing for free is part of the 360-day seminar program held throughout the country during this year.
In addition, students in one of three institutions of higher learning (IPT) in the state also received investment AS1M book.
They consist of students of the University Tun Hussein Onn (UTHM) a total of 1.800 people, Universiti Teknologi Malaysia (UTM) (2.668 persons) and Universiti Teknologi Mara (UiTM) (322 persons).
They are part of about 50,000 students in institutions of higher learning throughout the country that will receive the book.
Each distributed 100 units and they are considered as ‘ambassador’ to convince people of the importance of family and planned to invest in the future.
KLIBOR Futures Close Untraded
KUALA LUMPUR, Dec 17 (Bernama) — The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives closed untraded on Thursday, dealers said.
FBM KLCI Futures Close Lower
KUALA LUMPUR, Dec 17 (Bernama) — The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) futures on Bursa Malaysia Derivatives closed lower in tandem with the weak cash market.
BURSA MALAYSIA: Shares End Lower Ahead Of Long Weekend
KUALA LUMPUR, Dec 17 (Bernama) — Share prices, reversed earlier gains, to close lower on Bursa Malaysia as investors locked in profits ahead of long weekend, a dealer said.