Malaysia

Maybank names Mohamed Rafique Merican officer-in-charge pending appointment of new CEO

Maybank announced that Encik Mohamed Rafique Merican Mohd Wahiduddin Merican has been appointed as Officer-in-Charge of the Bank effective 5 June 2013. Rafique will oversee the overall running of the day-to-day operations of the Maybank Group until the appointment of a President & CEO to succeed Dato’ Sri Abdul Wahid Omar, whose appointment as Minister in the Prime Minister’s Department will also become effective on the same day.

Maybank names Mohamed Rafique Merican officer-in-charge pending appointment of new CEO

Maybank announced that Encik Mohamed Rafique Merican Mohd Wahiduddin Merican has been appointed as Officer-in-Charge of the Bank effective 5 June 2013. Rafique will oversee the overall running of the day-to-day operations of the Maybank Group until the appointment of a President & CEO to succeed Dato’ Sri Abdul Wahid Omar, whose appointment as Minister in the Prime Minister’s Department will also become effective on the same day.

CIMB intent on buying Philippine bank

CIMB's acquiring a 60% stake in Bank of Commerce.

RHB and OSK complete merger

RHB Holdings Hong Kong is now a member of the RHB Banking Group.

CIMB focuses on equities for growth

This is part of its plan to become a leading pan-Asian investment bank.

CIMB begins investment banking in India

CIMB now in all major APAC markets except Taiwan.

OCBC Al-Amin reaching out through Xpres branches

Islamic Banking is gaining popularity among not only Muslims but non-Muslims as well in Asia. On its part, OCBC Bank sees this as an opportunity to offer an even broader array of competitive and innovative financial products and services to consumers and businesses. And it recently started doing so through the Xpres branches of its Islamic banking subsidiary, marking a milestone in the four-year journey of OCBC Al-Amin Bank Berhad.

The impact of currency appreciation on trade performance in Asia

For a long period of time, Yuan’s exchange rate has been on the agenda in the large trade deficit regions, such as the U.S.A. and Europe (see Table 1). The U.S.A. has been arguing for long time that China has kept currency valuations at artificially low levels, favoring Chinese manufacturing exports harming this way the manufacturing industry in the U.S.A.

SWIFT opens new corporate services centre in Malaysia

The centre currently employs around 40 staff.

Malaysian banks 'comfortably meeting' the set minimums for Basel III

The level of countercyclical buffer required will be the next closely watched milestone.

A fearless forecast on Maybank's net profit for FY12F-14F

Find out why Nomura raised its profit forecasts by 7-8%.

Hong Leong Bank's core equity Tier-1 ratio to increase to 9.7% by FY15

Enough to meet any countercyclical buffers imposed by Bank Negara.