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July 15, 2018 7:50 AM Not a Renong 2.0, please

PRIME Minister Tun Dr Mahathir Mohamad commanded the support of the majority in forming a new Malaysia. A sizeable number in government-linked companies (GLCs) were and are still with the 93-year-old prime minister in his mission to reform the government and reduce excesses. But his plan to change the way some GLCs and their parent company work would 5

July 15, 2018 7:22 AM PH's choice for Dewan Rakyat Speaker has vast experience in law

KUALA LUMPUR: Former Court of Appeal judge Datuk Mohamad Ariff Md Yusof, who is the Pakatan Harapan's choice for the ninth Speaker of the Dewan Rakyat, is well versed in commercial law, banking, securities, arbitration, constitutional and administrative law. Mohamad Ariff, 69, from Sungai Petani, Kedah, graduated with a Bachelor of Law from University 5

July 11, 2018 6:53 AM Alliance Bank eyeing 10% net profit growth for FY19

KUALA LUMPUR: Alliance Bank Malaysia Bhd is targeting a net profit growth of 10% for the financial year ending March 31, 2019 (FY19), driven by its asset growth and transformation initiatives. At a press conference after its AGM here today, group CEO Joel Kornreich said the bank is also eyeing a revenue growth of 6% and loan growth of 10%. For FY19, it will scale 4

July 8, 2018 12:49 PM Temasek set to book record S$300m portfolio

SINGAPORE: Singapore state investor Temasek Holdings Pte Ltd is likely to book a record S$300 billion (RM892.3 billion) for the value of its portfolio, powered by gains in DBS Group Ltd and Chinese banks, while it steps up investment in tech startups. At the same time, Temasek is swooping in on opportunistic purchases with its stake buy in Swiss-based 4

July 8, 2018 10:26 AM MACC: We did not freeze back account

PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) says it is not behind the freezing of a bank account set up by the Pekan Umno division to raise funds for the RM1 million court bail imposed on former premier Datuk Seri Najib Abdul Razak. "No, we did not freeze their account and we are not aware of it. They should check with the bank first 5

July 5, 2018 7:02 AM Buy properties before SST is implemented to save big: Rehda

IPOH: House buyers are advised to buy properties before the government implements the Sales and Services Tax (SST) to replace the Goods and Services Tax (GST). "This is the right time for the public to make their bookings and sign the agreements. They can save between five to 10% on the purchases which are relatively a big sum," Real Estate and Housing 6

July 4, 2018 12:42 PM Hong Leong Bank allocates RM115m for digitisation

KUALA LUMPUR: Hong Leong Bank Bhd has allocated RM115 million or 50% of its capital expenditure (capex) to improve the bank’s offerings on the digital platform in the financial year ending June 30, 2019. CEO and MD Domenic Fuda said the huge allocation was in line with strong customer adoption of its digital platform. “We also expect strong continued 5

July 3, 2018 2:29 PM Tabung Haji MD/CEO, deputy CEO and two directors leave after contracts expire

PETALING JAYA: Lembaga Tabung Haji (TH) announced today that its managing director and CEO Datuk Seri Johan Abdullah and deputy CEO Datuk Badlisyah Abdul Ghani have stepped down after the expiry of their two-year contracts on June 30. Two directors, Tan Sri Badruddin Amiruldin and Tan Sri Mohamad Aziz, have also left the pilgrim fund after their contracts 6

June 18, 2018 7:56 AM Full cabinet line-up end of this week?

PUTRAJAYA: The full cabinet list will likely be announced by end of this week, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail. Wan Azizah told reporters she posed the question of when the full cabinet line-up will be announced to Prime Minister Tun Dr Mahathir Mohamad today. "PM told me that the list will probably take some time but my best guess 6

June 7, 2018 1:31 PM CCM gets US$20m financing facility

PETALING JAYA: CCM Duopharma Biotech Bhd has secured US$20 million (RM79.4 million) financing from Oversea-Chinese Banking Corporation (Labuan Branch). It told Bursa Malaysia that the revolving credit-i Murabahah will be used to fund the RM59.16 million acquisition of an 8.39% stake in PanGen Biotech Inc from Chemical Company of Malaysia Bhd. “Apart 7