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Indonesia to issue ‘prudential guidelines for private banking’
Indonesia to issue ‘prudential guidelines for private banking’
The nation’s central bank is currently laying out “prudential guidelines for private banking” in the form of a new BI regulation, a top official says.
Shinsei Bank to integrate LaLaport and Tsudanuma consulting
Shinsei Bank will integrate its LaLaport Financial Center and Tsudanuma Consulting Spot
Hong Leong anticipates RM100 M takaful profit t
Hong Leong expects its takaful unit to make a gross contribution of RM100 million for the financial year ending June 30, 2011.
Public Mutual declares distributions for funds
Public Mutual declared distributions for five funds for the financial year ending April 30, 2011.
NHPC's guidelines for mutual funds investments get approved
India's Ministry of Power approved the internal guidelines submitted by National Hydroelectric Power Corporation for investment of short-term surplus funds in mutual funds.
UBS wealth management school opens Hong Kong campus
The Hong Kong Campus of the UBS Business University opened in response to increasing demand for financial talent in the region.
Simon to Co-Head Societe Generale's Acquisition & Leveraged Finance
Societe Generale Corporate & Investment Banking appointed Fabien Simon as Co-Head of Acquisition & Leveraged Finance, Asia Pacific.
Kwan to head Baring's Asia debt team
Baring Asset Management has named Thomas Kwan as head of Asian debt – an area where it sees a significant investment opportunity due to the growth of Asian economies.
MNRB Gets credit facility from Amanah
MNRB Holdings Bhd obtained an unsecured credit facility of up to RM120 million from Amanah Investment Bank Bhd.
160,000 visitors expected at ASM's Investment Week
More than 160,000 visitors are expected to turn up at the Amanah Saham Malaysia Investment Week or MSAM 2011.
TA Investment declares income distribution for funds
TA Investment Management Bhd has declared gross income distributions of 5.0 sen per unit for its TA High Growth Fund. It also declared gross income distributions of 3.0 sen per unit for the TA Comet Fund.
Nam A Bank to establish finance investment arm
Nam A Bank will continue to increase its chartered capital from US$143.6 million to US$177 million and establish the finance investment arm in 2011.
Hong Leong Takaful eyes $987,000 premiums from i-cash
Hong Leong Tokio Marine Takaful Bhd is eyeing in US$987,000 in premium contributions in the first year of its HLTM i-Cash.
AmBank, AmIslamic ratings unaffected by proposed purchase
RAM Ratings Services did not reflect any impact on AMMB Holdings Bhd's proposed acquisition of AmIslamic from AmBank in the latter two entities' ratings and debt issues.
CIMB, tops MARC's Lead Managers' League Table
Malaysian Rating Corp Lead Managers' League Table for 2010 rated CIMB Investment Bank on top in terms of value and number of issues.
BDO UITFs consistently give competitive returns
THE trust and investments group of BDO has rewarded its clients last year with competitive returns on investments from its various unit investment trust funds.
Merrill taps Chan for Asia wealth arm
Merrill Lynch has hired Alison Chan as Asia-Pacific managing director and client solutions executive, according to an internal memo seen by Reuters.
