[ KUALA LUMPUR: Bank Negara Malaysia (BNM) has required two banks which experienced services outages recently to provide a full explanation of the root cause leading to the incidents. The central bank said in a statement on Tuesday night that both banks were also required to provide corrective and preventive measures undertaken to avoid a … Read more
[ KUALA LUMPUR: CIMB Group Holdings Bhd has targeted total loan growth of between five and seven per cent, a return on equity (ROE) of between 11.0 and 11.5 per cent, a cost-to-income ratio (CIR) of below 46.9 per cent and loan loss coverage of between 30 and 40 basis points in 2024. In its … Read more
[ CIMB Group is striving to deepen its presence in the small and medium enterprise (SME) space to capture the lucrative segment. Its co-chief executive officer (group commercial and transaction banking) Lawrence Loh tells StarBizWeek judging from the fact that SMEs are the backbone of the Malaysian economy, with close to 40% contribution to the … Read more
[ SINGAPORE: Malaysia’s largest mini-market chain retailer 99 Speed Mart Retail Holdings filed a draft prospectus on Monday for a domestic initial public offering (IPO), according to Securities Commission Malaysia’s website. The company, founded and which first started out as a traditional sundry shop by entreprenuer Lee Thiam Wah in 1987, plans to offer up … Read more
