Tagged: Malaysia Chronicle

MBSB: RHB Islamic a takeover option

MBSB: RHB Islamic a takeover option

In the possible merger between Malaysia Building Society Bhd (MBSB) and RHB Capital Bhd (RHBCap), MBSB president and chief executive officer Datuk Ahmad Zaini Othman said MBSB is capable of taking over RHB Islamic. MBSB itself has more than RM30 billio…

Live within your means, get insurance

Live within your means, get insurance

Siti Aminah Hj Abd Rahman, senior officer in Wealth Management at Baiduri Bank, spoke during a financial planning forum at the Ministry of Finance. She said a person’s expenditure and lifestyle should be based on his or her income and explained the fou…

‘It’s intimidation,’ says Azrul, as Bank Islam steps up action

‘It’s intimidation,’ says Azrul, as Bank Islam steps up action

Suspended Bank Islam chief economist Azrul Azwar Ahmad Tajudin is facing disciplinary action after airing his views on political issues. Azrul himself classified the police’s intervention as an intimidation and harassment tactic whereas a member of parliament described it as a manifestation of the standard of governance in the local banking scene.

Malaysia to allow business trusts

Malaysia to allow business trusts

It is expected that Malaysia will permit business trusts which will be listed on the local exchange. The purpose is to increase primary-market volume and attract domestic infrastructure companies in order to prevent them from being lured abroad. Berjay…