Wei ZhangFinance
Bursa Malaysia Edges up to 1,596 Points on Bank Gains
Financial counters and consumer bellwether Nestle lifted Kuala Lumpur equities while higher US bond yields kept broader market breadth in negative territory.
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Rajiv MenonFinance
Bursa Malaysia Climbs to 1,635 as Financial Counters Lead Early Trade
Financial stocks lifted the benchmark index by 5.01 points as softer US payroll figures cooled interest rate expectations in early morning trade.
Wei ZhangFinance
Bursa Malaysia Opens Higher Before Trimming Gains to 1,666.81
Early morning bargain hunting lifted Malaysian equities before the benchmark index eased 0.13 point as consumer staples and energy counters diverged.
Maria SantosFinance
CIMB Expands Wealth Services into Singapore and Thailand, Targeting Southeast Asias Rising Affluent Class
CIMB Group, Malaysia’s second-largest bank in terms of assets, has announced its intention to expand its private wealth business to Singapore and Thailand by the end of the year. This move is part of a larger plan to double the bank’s wealth assets under…
Minjun ParkTelecom
U Mobile, CIMB Sign MoU to Support 5G Network Rollout
U Mobile CEO, Wong Heang Tuck, highlighted the company’s enthusiasm for this strategic partnership with CIMB for the 5G rollout, emphasizing CIMB’s shared commitment to innovation and digital growth. He noted that the financial support would enable a fast,…
Aiko TanakaLogistics
DHL Express and CIMB join forces to reduce CO₂e through sustainable aviation fuel
DHL Express has signed an agreement with CIMB Group Holdings Berhad (“CIMB” or “the Group”) to welcome the banking group onboard its GoGreen Plus programme. The partnership enables CIMB to leverage the use of sustainable aviation fuel (SAF) to mitigate the…
Minjun ParkFinance
CIMB Restructuring Sees Lay-Offs in Singapore
The Malaysian lender is revising its strategy to emphasise sustainable growth, in line with the group’s vision to be a «leading focused Asean bank.» CIMB Singapore is laying off staff and will close its Orchard Road branch as part of a restructuring exercise,…
Rajiv MenonFinance
CIMB Restructures Singapore Business
The Malaysian bank is letting go of three business heads in Singapore, following a review of its operations. Changes are afoot at CIMB Singapore, as the bank has moved to ax its consumer, commercial and corporate banking heads: Josandi Thor, Yong Jiunn Run…
Wei ZhangFinance
CIMB Appoints Group CEO
He succeeds Zafrul Tengku Abdul Aziz, who resigned as group CEO of CIMB Group Holdings and CEO of CIMB Bank in March to join the Malaysian cabinet as finance minister. CIMB Group, Malaysia’s second-largest financial services provider by assets, has appointed…
Aiko TanakaFinance
CIMB Singapore Partners Security Token Offerings Platform
The bank’s partnership with iSTOX will expand private capital markets access for its clients. CIMB Singapore is partnering ICHX Tech to allow its clients in the Asean region to raise funds in a faster, more flexible and efficient way on its blockchain-enabled…
Maria SantosFinance
CIMB Chief Steps Down To Take Finance Minister Role
CIMB Group Holdings announced on Monday that its chief has relinquished his post on Monday, as he has been appointed the new Finance Minister in Malaysia. Zafrul Tengku Abdul Aziz , who has been appointed the new Finance Minister on Monday, has resigned as…
Aiko TanakaFinance
CIMB Bank Philippines Partners With Jumio
CIMB Bank Philippines’ all-digital bank has partnered Jumio, a provider of AI-powered end-to-end identity verification and authentication solutions to provide a simple, hassle-free and convenient digital onboarding solution to Filipinos. Jumio’s identity…
Wei ZhangFinance
CIMB Singapore Appoints CEO
A corporate and retail banking stalwart replaces Mak Lye Mun, who retires after 10 years at the helm. CIMB Singapore has appointed Victor Lee as chief executive officer, the Malaysian bank announced on Thursday. With the new Industrial Revolution 4.0, we…
Aiko TanakaFinance
CIMB Ties Up With SESAMi Holding
CIMB Bank Singapore branch on Thursday announced a collaboration with SESAMi Holding to finance digital invoices under an automated workflow. Suppliers on SESAMi Holding’s platform will be paid immediately on their outstanding invoices within two business…
Maria SantosFinance
CIMB Wants A Bigger Bite Of Singapore SME Banking Share
CIMB Bank plans to double its market share from 3 percent to 6 percent by 2021 for its small- and medium-sized enterprise (SME) banking business in Singapore. One of the lender’s efforts to do so is the launch of its Asean-China Halal Corridor initiative last…
Rajiv MenonFinance
CIMB Niaga partners Liquid Group to support Bank Indonesia’s QR Code standardisation
PT Bank CIMB Niaga Tbk (“CIMB Niaga”) and Liquid Group today announced a strategic partnership to spearhead cross-border QR payment acceptance between Singapore and Indonesia. The partnership was initiated through their joint participation in Bank Indonesia’s…