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Malaysia’s CIMB expands banking business in Philippines

MANILA, Philippines — Malaysia’s second largest financial services provider CIMB Group is dipping its hands in the investment banking business after formally launching its banking presence in the Philippines to complete its footprint in Southeast Asia. Effendy Shahul Hamid, chief executive officer of Group Ventures and Partnerships of the CIMB Group, said the Kuala Lumpur-based […]

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Malaysia: Research house sees intense competition in affordable housing sector

PETALING JAYA: The intense competition for affordable housing is expected to continue as home ownership for the B40 group remains the government’s top agenda. AllianceDBS Research said in a report yesterday that it anticipates stricter government enforcement on future approvals for new property developments. “Increasing cost burden is expected to persist for developers, which will […]

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Malaysia aims to be world halal hub

KUALA LUMPUR: Malaysia with its comprehensive halal ecosystem wants to position itself as the halal hub in the Asian region, if not the world. “We are ranked No. 1 in terms of the halal economy,” said Malaysia External Trade Development Corp (Matrade) deputy chief executive officer Datuk Wan Latiff Wan Musa. “We have a comprehensive ecosystem […]

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Malaysia’s net inflow increases to RM480mil

KUALA LUMPUR: Net inflow into the country stood at RM479.6 million as of Jan 24, surpassing last week’s total net inflow of RM471.3mil while foreign institutional funds turned net buyers pumping in RM293mil versus RM417mil recorded the previous week, say economists. These positive developments suggest that values have emerged among Malaysian stocks at a time […]

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Malaysia: ‘Inflation remains moderate’

PETALING JAYA: Inflation has remained moderate since the abolition of the goods and services tax last June, despite the sales and service tax being reintroduced. Data from the Statistics Department showed that inflation, measured by the change in the consumer price index (CPI), rose at a slower-than-expected pace of 0.2% year-on-year (y-o-y) last December. The figure was lower than the 0.3% increase […]

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