Malaysia

Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.

Bank Negara Malaysia will put up a representative office in Beijing, China.

China Construction Bank Corporation and has approached the Malaysian Finance Ministry for permission to speak to EON's major shareholders. The bank is said to be eyeing a stake in EON Capital.

The lender said it gained more trust from customers since its third-party fund placement increased by 50%.

Growth in overall financing balance and excellent asset quality fueled the increased in profit.

The programme also enables Maybank to issue notes, senior and/or subordinated notes in currencies other than ringgit.

The lender to get more out of the impressive performance of its Singapore unit as its pre-tax profit there jumped by 49%.

Maybank is eyeing a 100 per cent growth for customers' debit card spending in the current financial year. The bank will popularise debit card use through promotions and expanding the number of merchants offering debit card payment.

Bank Rakyat's Pasir Mas branch exceeded its target for the I-Aslah loans scheme in giving out loans totalling more than RM31 million for the first three months of this year.

AIA Bhd is part of the group’s strategy on organic growth in Asia.

CIMB will implement a new private pension scheme in Malaysia.

Malaysian card issuers will be implementing transaction alerts via short messaging service to their cardholders in the case of certain types of transactions and of certain triggers.

The purchase provides Maybank platform to expand services that includes IPOs within Southeast Asia.

Members of the National Union of Bank Employees  held a peaceful one-and-a-half hour picket in front of Menara Maybank.

The assignments aim to empower the group with extensive management experience and expertise in key areas for its next phase of growth as a regional leader.

Month-on-month transaction growth of 11% has been achieved by the bank since it introduced foreign currency dispenser machines.