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January 18, 2018 2:09 AM NY banker assistant arrested in US$1.2m fine wine theft

NEW YORK: An ex-personal assistant of a New York banking executive is facing up to 10 years behind bars, accused of stealing hundreds of bottles of vintage wine worth more than US$1.2 million (RM4.7 million) from his boss, prosecutors announced Wednesday. Nicholas De-Meyer, 40, worked in a personal capacity for Goldman Sachs' president and co-chief operating 9

January 10, 2018 3:20 AM MOL launches mobile wallet app One2pay

KUALA LUMPUR: MOL AccessPortal Sdn Bhd, a wholly owned subsidiary of MOL Global Inc, today launched its mobile wallet app called ‘One2pay’ and aims to expand One2pay acceptance touchpoints to more than 6,000 within a year. One of the key convenience factors of One2pay is barcode/QR code payment. Merchants only need to scan the One2pay user’s unique barcode/QR 4

January 10, 2018 3:20 AM MOL launches mobile wallet app

KUALA LUMPUR: MOL AccessPortal Sdn Bhd, a wholly-owned subsidiary of MOL Global Inc, this morning launched its mobile wallet app called One2Pay. One of the key convenience factors of the One2Pay mobile wallet is barcode/QR code payment. Merchant only need to scan One2Pay user's unique barcode/QR code for payment. The One2Pay app, regulated by Bank Negara 8

January 4, 2018 11:23 AM Qatar allows full ownership for foreign investors

Overseas investors will be able to fully own businesses in almost all economic sectors but they are not allowed to purchase real estate or own franchises. — AFP picDOHA, Jan 4 — Qatar has approved legislation allowing 100-per cent ownership for foreign investors in most sectors of the economy in a bid to boost non-energy revenues, the government said today 9

January 4, 2018 3:43 AM CIMB: Malaysia’s economy to grow further, driven by strong fundamentals

CIMB Group CEO Tengku Datuk Sri Zafrul Aziz speaks during CIMB’s 10th Annual Malaysia Corporate Day in Kuala Lumpur January 4, 2018. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 4 ― Malaysia’s economy is expected to grow further this year driven by strong economic fundamentals, said CIMB Group Holdings Bhd Group Chief Executive, Tengku Datuk Seri Zafrul 11

January 4, 2018 3:08 AM CIMB expects jumbo IPOs to raise RM10b in first half of 2018

KUALA LUMPUR: Large initial public offerings (IPO) are expected to raise over RM10 billion in the first half of this year, said CIMB Investment Bank Bhd managing director and head of ECM and Syndicate Asia, Derek Lim. Lim said the hives of activity for IPOs in 2018 are in the infrastructure, consumer and financial services sectors. “ACE Market, small 5

January 2, 2018 5:21 AM UEM Group appoints new chairman

PETALING JAYA: UEM Group Bhd has appointed Datuk Noorazman Abd Aziz as its new chairman effective Jan 1, 2018. In a statement today, the group said Tan Sri Dr Ahmad Tajuddin Ali has opted to retire from the post after having served more than 10 years in UEM Group. Noorazman was appointed as a board member of UEM Group on Nov 15, 2010 and was subsequently 7

December 19, 2017 11:25 PM US bank regulators say four bank 'living wills' have shortcomings

WASHINGTON: U.S. banking regulators said Tuesday that "living wills" submitted by eight large U.S. banks are satisfactory, but half of those plans have "shortcomings" that should be addressed. The Federal Reserve and Federal Deposit Insurance Corporation found shortcomings in plans from Bank of America , Goldman Sachs , Morgan Stanley and Wells Fargo 11

December 14, 2017 12:21 PM Some DBS and POSB services disrupted by 'connectivity issue'

SINGAPORE: Some DBS and POSB customers were unable to access several banking services for a short period on Thursday (Dec 14), in what the bank said was caused by an "intermittent network connectivity issue". From about 4.30pm, several users reported not being able to make cash transfers or deposit coins at ATM machines; some customers also claimed that ATM services 6

December 14, 2017 3:48 AM KL shares firm at mid=morning

KUALA LUMPUR, Dec 14 — Share prices on Bursa Malaysia were on a firm note at mid-morning with buying interest in banking heavyweights keeping the key index supported. At 11.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) advanced 12.55 points to 1,750.21 from Wednesday's close of 1,737.66. Gains in Maybank, Public Bank and Hong Leong Bank boosted 7