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CIMB
CIMB Group Holdings Berhad () is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region. The group operates under several entities, which include CIMB Investment Bank, CIMB Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International and CIMB Thai. The group's business activities are primarily in the areas of Consumer Banking, Wholesale Banking, comprising Investment Banking and Corporate Banking, Treasury & Markets, and Group Strategy & Strategic Investments, with its core markets being Malaysia, Indonesia, Singapore and Thailand. CIMB Islamic operates in parallel with these businesses, in line with the group's dual banking model. The group has around 33,000 employees in 18 countries, covering ASEAN and major global financial centres, as well as countries in which its customers have significant busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIMB Niaga
PT Bank CIMB Niaga Tbk is Indonesia's sixth largest bank by assets, established in 1955. CIMB Niaga, which is majority-owned by CIMB Group, is the largest payment bank in terms of transaction value under the Indonesian Central Securities Depository. With 11% of market share, CIMB Niaga is the third largest mortgage provider in Indonesia. History Bank Niaga The bank was first established in 1955 as a national private bank. In 1969 when crisis hit the private sector in Indonesia, Bank Niaga remained sound and was eligible for Bank Indonesia’s Guarantee. Then in November 1974, Bank Niaga revamped its business plans and became a full service public bank to better meet the demands of customers. After a merger period with several other commercial banks, the function and individuality of the Bank were restored in 1975. The status was resumed to that of a state-run commercial bank. The official name was changed to "Bank Niaga 1955". In 1976, the bank launched a Professional Loan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bumiputra-Commerce Holdings
(BCB) Bumiputra Commerce Bank (formerly known as Commerce Asset-Holdings Berhad) is the listed vehicle for CIMB Group, Malaysia's second-largest financial services group. The new name will also ensure consistency between the listed entity and its operating subsidiaries, and serves to further strengthen the CIMB brand value proposition. It has been listed on the Main Board of Bursa Malaysia, the nation's stock exchange since 2001. As at February, (BCB) Bumiputra Commerce Bank was the sixth-largest company on Bursa Malaysia with a market capitalization of RM21.7 billion. (BCB) Bumiputra Commerce Bank has gone through an internal restructuring process, which has resulted in transforming the company. Previously its operating entities in various financial services sectors operated largely on a standalone basis. However, from late 2004 onwards, it began to consolidate all its operations under CIMB Group, to form a universal bank anchored by BCB Holdings, South East Asia's largest inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wee Kheng Chiang
Wee Kheng Chiang (; 1890–1978) was a Malaysian Chinese businessman of Quemoy Bân-lâm Hokkien ancestry who founded the United Chinese Bank (now United Overseas Bank). He is the father of Wee Cho Yaw, Chairman Emeritus & Adviser of the United Overseas Bank. Early life Wee was born to Hokkiens (Minnanese) with ancestry from Quemoy island on 22 July 1890 in Kuching, Sarawak (now part of Malaysia), a British established puppet colony. He was the family's second-to-eldest son. His father was Wee Tee Yah (died 1889), and his mother was Song Kim Keow, a local born widow. The younger Wee attended Saint Thomas Secondary School, and spoke Hokkien and English fluently. Career In 1924, Wee established the Bian Chiang Bank (now known as CIMB Group) in Kuching, Malaysia. In 1975, Fleet Group Sdn Bhd bought a 100% stake in Bian Chiang Bank, making the bank a wholly owned unit of the Fleet group. Subsequently, the bank moved its headquarters to Kuala Lumpur from Kuching. He becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Bank
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuala Lumpur Stock Exchange
The Kuala Lumpur Stock Exchange (KLSE; ms, Bursa Saham Kuala Lumpur) dates back to 1930 when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya. In 1937, it was re-registered as the Malayan Stockbrokers' Association, but it still did not trade public shares. By 1960, the Malayan Stock Exchange was formed and public trading of shares began on 9 May. In 1961, the Board system was introduced whereby two trading rooms, one each in Singapore and Kuala Lumpur, were linked by direct telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards. The Stock Exchange of Malaysia was officially formed in 1964 and in the following year, with the secession of Singapore from Malaysia, the common stock exchange continued to function under the name Stock Exchange of Malaysia and Singapore (SEMS). In 1973, with the termination of currency interchangeability between Malaysia and Singapor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Penang
Penang ( ms, Pulau Pinang, is a Malaysian state located on the northwest coast of Peninsular Malaysia, by the Malacca Strait. It has two parts: Penang Island, where the capital city, George Town, is located, and Seberang Perai on the Malay Peninsula. They are connected by Malaysia's two longest road bridges, the Penang Bridge and the Sultan Abdul Halim Muadzam Shah Bridge; the latter is also the second longest oversea bridge in Southeast Asia. The second smallest Malaysian state by land mass, Penang is bordered by Kedah to the north and the east, and Perak to the south. Penang is the 8th most populated state in Malaysia. Its population stood at nearly 1.767 million , while its population density was as high as . It has among the nation's highest population densities and is one of the country's most urbanised states. Seberang Perai is Malaysia's second-largest city by population. Its heterogeneous population is highly diverse in ethnicity, culture, language and religion. As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Celcom
Celcom Axiata Berhad, DBA Celcom, is the oldest mobile telecommunications provider in Malaysia. Celcom is a member of the Axiata group of companies. Being one of the very few companies in Malaysia to originally obtain a cellular phone license, it successfully introduced mobile telephony in Malaysia through its ART-900 (Automatic Radio Telephone) service, using first-generation (analogue) ETACS (Extended Total Access Communication System) specifications of the United Kingdom, a derivative of the US-AMPS ( Advanced Mobile Phone System) technology. The ETACS ART-900 was started using the prefix "010". Celcom now uses the dialling prefix identifier of "013" and "019" and offer digital GSM (Groupe Speciale Mobile), an originally European standard, now largely a world standard for mobile communications. The original frequency band for GSM is 900 MHz and was soon extended to 1800 MHz to cater for much wider bandwidth requirements. The 2100 MHz band is used for their ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Straits Times Press
The New Straits Times Press (Malaysia) Berhad (NSTP) is a Malaysian conglomerate of publishing companies, owned by Media Prima. The NSTP publishes several newspapers, including the ''New Straits Times'', ''Berita Harian'' and ''Harian Metro''. History The "New Straits Times Press" (initially Straits Times Press Sdn Bhd) was formed by the directors of the Directors of the Straits Times Press (Malaysia) Berhad, in a desire to meet the reasonable aspirations of Malaysians to have a majority shareholding in the company which produced the largest mass-circulation organ in the territories of East and West Malaysia. The Malaysia operations of the Straits Times, the Sunday Times, the Malay Mail, the Sunday Mail, Berita Harian and Berita Minggu were transferred to this new company. An agreement was reached in 1972 between the directors of the Straits Times group and Tengku Razaleigh Hamzah for the disposal of 80 per cent of the stock of the New Straits Times Press (Malaysia) Sdn. Bhd. for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TV3 (Malaysian TV Channel)
TV3 (pronounced as ''Tivi Tiga'') is a Malaysian free-to-air television channel owned by Media Prima conglomerate. TV3 is the third and third oldest TV station in Malaysia. It was launched on 1 June 1984 as the country's first and oldest private television channel. As of October 2021, TV3 remains to be the most-watched television station in Malaysia with about 17% of its viewing share among other Malaysian television stations, followed by NTV7 and TV9 with 15% of its viewing share, making two of them become the second most-watched television station in the country, despite the declining viewership of 3 free-to-air television channels. History TV3 (Sistem Televisyen Malaysia Berhad) officially began broadcasting in the Greater Kuala Lumpur (the area surrounding Kuala Lumpur, capital of Malaysia) in conjunction the Hijri date of the first day of the holy month of Ramadan year 1404 AH (1 June 1984) at 6:00pm local time. The nation's first privately owned TV station was officia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Malays National Organisation
The United Malays National Organisation (Malay: ; Jawi: ; abbreviated UMNO () or less commonly PEKEMBAR), is a nationalist right-wing political party in Malaysia. As the oldest continuous national political party within Malaysia (since its inception in 1946), UMNO has once been called Malaysia's "Grand Old Party". UMNO is a founding and the principal dominant member of the Barisan Nasional (BN) coalition, which taken along with its predecessor Alliance, had been the main governing party of Malaysia from the independence of Malaya in 1957 until its defeat in the 2018 general election. From 1957 to 2018, every Prime Minister of Malaysia was also the President of UMNO. It has since returned to power twice as a result of the 2020-2022 Malaysian political crisis, firstly as a partner in a Perikatan Nasional-led government and subsequently as the leading party in a BN-led government with UMNO vice-president Ismail Sabri serving as Prime Minister. A race-focused party, UMNO's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuching
Kuching (), officially the City of Kuching, is the capital and the most populous city in the States and federal territories of Malaysia, state of Sarawak in Malaysia. It is also the capital of Kuching Division. The city is on the Sarawak River at the southwest tip of the state of Sarawak on the island of Borneo and covers an area of with a population about 165,642 in the Kuching North administrative region and 159,490 in the Kuching South administrative regiona total of 325,132 people. Kuching was the third capital of Sarawak in 1827 during the administration of the Bruneian Empire. In 1841, Kuching became the capital of the Kingdom of Sarawak after the territory in the area was ceded to James Brooke for helping the Bruneian empire in crushing a rebellion particularly by the interior Borneo dwelling Bidayuh, Land Dayak people who later became his loyal followers after most of them were pardoned by him and joined his side. The town continued to receive attention and development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
