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AmBank
AmBank Group comprises AMMB Holdings Berhad (AMBANK 1015) is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance. The Group trades under a number of brands, including AmBank, AmInvestment Bank, AmInvest, AmBank Islamic, AmGeneral Insurance and AmMetLife. AmBank, its key brand, covers its retail and wholesale banking businesses and is supported by a network of 175 branches and 766 ATM machines in Malaysia (as stated on its website). AmBank Group was founded in 1975 as Persian - Malaysian Development Bank by Hussain Najadi, the Founder. Tan Sri Azman Hashim, the current group chairman, has an interest of 14.01% in AMMB Holdings as at 30 June 2014. The single largest shareholder in AMMB Holdings is Australia's ANZ Group with a stake of 23.78% as at 30 June 2014.AMMB Holdings Berhad "Annual Report 2014" In 2006, Amcorp's interest in AMMB was reduced to 18.8% from 32.9% after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AmMetLife
AmMetLife is the name of Malaysian life insurance company, AmMetLife Insurance Berhad, and family takaful operator, AmMetLife Takaful Berhad. The companies are joint ventures between AmBank, AmBank Group and New York-based MetLife. They offer a range of insurance and wealth protection products through AmBank's branch offices. AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million. The deal closed in April 2014. MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful. As part of the deal, AmMetLife has an exclusive 20-year agreement to sell insurance and takaful products through AmBank and AmIslamic Bank. As of March 2015, AmMetLife had an insurance agent, agency force of 1,100 and had the 10th highest market share among 14 life insurers in Malaysia. References External links Official Website - AmMetLife InsuranceOfficial Website - AmMetL ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azman Hashim
Tan Sri Azman bin Hashim (born 17 July 1939), is a Malaysian investor who is one of the richest people in Malaysia and his net worth was estimated by Forbes to be US$600 million in 2006. Early life Tan Sri Azman Hashim was born on 17 July 1939 in Kuala Lumpur to a family of thirteen siblings and spent his childhood in Kampung Baru, Kuala Lumpur. His father was a strict disciplinarian and his mother was a school teacher who later became headmistress of the Kampung Baru Girls’ School. In 1954, he sat for the Senior Cambridge Examination and obtained a first grade. He was offered accountancy on a Colombo Plan Scholarship which took him to Australia from 1955 to 1960. He became a Chartered Accountant and Chartered Secretary before the age of 21. He became a Fellow of both the Chartered Institute of Accountants, Australia (FCA Australia) and the Institute of Chartered Secretaries & Administrators (FCIS) in 1960. Later he also became a Fellow of the Institute of Bankers, Malays ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hussain Najadi
Hussain Najadi ( c. 1938 – 29 July 2013) was an international banker born in Bahrain to parents of Persian origin. He was the Chairman & CEO of AIAK Group based in Kuala Lumpur, Malaysia. Banking career Najadi was the first Bahraini merchant banker to link the Middle East countries to the economies of Malaysia, and other ASEAN member countries since 1974. AIAK Group, in 1975, founded the Arab Malaysian Development Banking Group (AMDB), now a $32 billion banking group in Asia, with an initial paid in capital of $2 million only. AMDB soon became one of the largest banks in Malaysia, now renamed as AmBank. Najadi was appointed from 1978 to 1985 by the Governor of the Central Bank of Malaysia as non-executive independent director of the Malaysian Industrial Development Finance Berhad, an industrial and merchant bank in Malaysia. Diversification of activities Najadi acquired in 1968 from UBS Group, Supramar AG, a hydrofoil specialist based in Lucerne, Switzerland. He expanded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1Malaysia Development Berhad Scandal
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, describes a corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. International in scope, it implicated political, banking and entertainment figures and institutions and led to criminal investigations in several countries. The 1MDB scandal has been described as "one of the world's greatest financial scandals" and declared by the United States Department of Justice as the "largest kleptocracy case to date" in 2016. In 2015, a document leak reported in ''The Edge'', '' Sarawak Report'', and ''The Wall Street Journal'' showed that Malaysia's then-Prime Minister Najib Razak had channeled over RM (approximately US$) into his personal bank accounts from 1MDB, a government-run strategic development company. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AM Bank
AM Bank (or Al-Mawarid Bank, Arabic: بنك الموارد) is a Lebanese medium-size bank that was established in 1980, by Salim Khaireddine, Maroun Kissirwani, and Omar Jundi. The bank provides basic banking services, card processing, investment banking and insurance brokerage. The bank was the first in the country to introduce credit cards in 1995 and to mobile banking in 2010. It is registered under Banque du Liban list at #101. Board of directors * Marwan Kheireddine (Chairman, General Manager) * Ibrahim Hanna Daher * Majid Jumblat * Omar Jundi * Edmond Jreissati * Ibrahim Houssamy * Mahmoud Zeidan * Wassim Khaireddine Products and services The bank provides commercial banking products and services, including current and saving account options with credit, debit and prepaid cards available. It offers personal loans, car loans, educational loans and housing loans. It also offers insurance and investment plans. Other services include online and mobile banking, bills do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Visa International
Visa Inc. (; stylized as ''VISA'') is an American Multinational corporation, multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and Stored-value card, prepaid cards. Visa is one of the List of public corporations by market capitalization, world's most valuable companies. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash access programs to their customers. In 2015, the Nilson Report, a publication that tracks the credit card industry, found that Visa's global network (known as VisaNet) processed 100 billion transactions during 2014 with a total volume of US$6.8 trillion. This article is authored by a ''Forbes'' staff member. Visa was founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Macquarie Group
Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's top ranked mergers and acquisitions adviser, with more than A$737 billion in assets under management. History 1969–1979 Macquarie was founded on 10 December 1969 as Hill Samuel Australia Limited, a subsidiary of the UK's Hill Samuel & Co. Limited. Australian businessman Stan Owens compiled a proposal for Hill Samuel & Co. to establish an Australian subsidiary. After presenting his report in London, Mr Owens was offered the role of implementing it. He became Executive Chairman of Hill Samuel Australia (HSA) and founded the company from offices at Gold Fields House in Sydney's Circular Quay. The company's first three employees were Stan Owens, Blair Hesketh and Geoff Hobson. Later Chris Castleman (on loan from the British parent) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labuan
Labuan (), officially the Federal Territory of Labuan ( ms, Wilayah Persekutuan Labuan), is a Federal Territory of Malaysia. Its territory includes and six smaller islands, off the coast of the state of Sabah in East Malaysia. Labuan's capital is Victoria and is best known as an offshore financial centre offering international financial and business services via Labuan IBFC since 1990 as well as being an offshore support hub for deepwater oil and gas activities in the region. It is also a tourist destination for people travelling through Sabah, nearby Bruneians and scuba divers. The name Labuan derives from the Malay word ''labuhan'' which means harbour. History For three centuries from the 15th century, the north and west coast of Borneo including the island of Labuan was part of the Sultanate of Brunei. In 1775, Labuan was temporarily occupied by the British East India Company after the failure of the company's station at Balambangan Island. The Sultan of Brunei, Omar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilts
Gilt-edged securities are bonds issued by the UK Government. The term is of British origin, and then referred to the debt securities issued by the Bank of England on behalf of His Majesty's Treasury, whose paper certificates had a gilt (or gilded) edge. Hence, they are known as gilt-edged securities, or gilts for short. In 2002, the data collected by the British Office for National Statistics revealed that about two-thirds of all UK gilts are held by insurance companies and pension funds. Since 2009 large quantities of gilts have been created and repurchased by the Bank of England under its policy of quantitative easing, and in recent years overseas investors have also been attracted to gilts by their "safe haven" status. Nomenclature In his 2019 book about the gilt market from 1928 to 1972, William A. Allen described gilt-edged securities as "long‐duration liabilities of the UK government" that were traded on the London Stock Exchange Today, the term "gilt-edged security" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist Group
The Economist Group (legally The Economist Newspaper Limited) is a media company headquartered in London, England. It is best known as publisher of ''The Economist'' newspaper and its sister lifestyle magazine, '' 1843''. The Economist Group specialises in international business and world affairs information. Its principal activities are in print and digital media as well as in conferences and market intelligence. Ownership After the death of its founder James Wilson in 1860, ''The Economist'' was held in testamentary trust for his six daughters and their dependents. The eldest, Mrs Bagehot, whose husband Walter was editor at the time of Wilson's death, maintained a close personal interest in the paper until her death in 1921. Subsequently, the Wilson trustees were concerned whether surviving beneficiaries would keep touch with the paper's direction, as further deaths formed subsidiary trusts over time. So in 1928 the Wilson Trust decided to sell the paper, whilst creating a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Menara Kuala Lumpur
Kuala Lumpur Tower, also known as KL Tower and KL421 is a 15-story, 420.7-meter-tall telecommunication tower in Kuala Lumpur, Malaysia. It is the world's 7th tallest tower, also, Malaysia and Southeast Asia's tallest tower. Its construction was completed on 1 March 1995. It features an antenna that increases its height to 420.7 metres (1,380 feet). The roof of the pod is at 335.7 metres (1,101 feet). The rest of the tower below has a stairwell and an elevator to reach the upper area, which also contains a revolving restaurant, providing diners with a panoramic view of the city. Races are held annually, where participants race up the stairs to the top. The tower also acts as the Islamic falak observatory to observe the crescent moon which marks the beginning of Muslim month of Ramadhan, Syawal, and Zulhijjah, to celebrate fasting month of Ramadhan, Hari Raya Aidilfitri and Aidiladha. The tower is the highest viewpoint in Kuala Lumpur that is open to the public. Histor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telekom Malaysia
Telekom Malaysia Berhad (TM) is a Malaysian telecommunications company founded in 1984. Beginning as the national telecommunications company for fixed line, radio and television broadcasting services, it has evolved to become the country's largest provider of broadband services, data, fixed-line, pay television and network services. TM ventured into the Long Term Evolution (LTE) space with the launch of TMgo, its first 4G offering. TM's 850 MHz service was rebranded as unifi Mobile in January 2018. With a total of 2.23 million broadband subscribers in 2014, unifi is Malaysia's first high-speed fibre optic broadband service. Given the rate at which Malaysians are adopting digital technology, TM represents one of the largest government-linked companies in the country, with more than 28,000 employees and a market capitalisation of more than RM25 billion. History Foundation and early years Much of the telecommunications infrastructure in Malaysia was damaged during the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
