<div class=newsTextDataWrapInner><p>Shalini Kumar of theedgemalaysia.com</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 15): CIMB Group Holdings Bhd expects Malaysia's profit contribution to fall to 50% within the next three to four years. </p></div>

<div class=newsTextDataWrapInner><p>Currently, Malaysia's contribution to group profit stands at about 60%. </p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Speaking to reporters after the group's annual general meeting today, CIMB's CEO Datuk Sri Nazir Razak said the banking group would be looking for more organic growth contributions from other ASEAN markets. </p></div>

<div class=newsTextDataWrapInner><p>"We are still chasing our Vietnam banking license, and are actively looking for opportunities to enter the Philippines market."</p></div>

<div class=newsTextDataWrapInner><p>"We also have a long term plan to build our presence in China and will be launching banks in Hong Kong and Shanghai by June," he added. </p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Nazir also said the banking group's Indonesian operations (CIMB Niaga) was targeting a loan growth of between 14%-18%, in line with the industry average. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>As for CIMB Thai, it will be opening a branch in Laos in 2QFY2014. <br /> </p></div>

<div class=newsTextDataWrapInner><p></p></div>

Shalini Kumar of theedgemalaysia.com

KUALA LUMPUR (April 15): CIMB Group Holdings Bhd expects Malaysia's profit contribution to fall to 50% within the next three to four years. 

Currently, Malaysia's contribution to group profit stands at about 60%. 

Speaking to reporters after the group's annual general meeting today, CIMB's CEO Datuk Sri Nazir Razak said the banking group would be looking for more organic growth contributions from other ASEAN markets. 

"We are still chasing our Vietnam banking license, and are actively looking for opportunities to enter the Philippines market."

"We also have a long term plan to build our presence in China and will be launching banks in Hong Kong and Shanghai by June," he added. 

Meanwhile, Nazir also said the banking group's Indonesian operations (CIMB Niaga) was targeting a loan growth of between 14%-18%, in line with the industry average.  

As for CIMB Thai, it will be opening a branch in Laos in 2QFY2014.

CIMB sees profit contribution from Malaysia to fall within 3-4 years 

The Selangor government hopes that Budget 2025 to be tabled by the Federal Government can provide an impetus in the allocation for the empowerment of the electrical and electronics (E&E) industry, flood mitigation and logistics in the state.

Selangor hopes Budget 2025 will provide allocation to empower E&E industry, flood mitigation, logistics

Singapore’s most serious ministerial wrongdoing probe since the 1980s has led to charges levied against a billionaire best known for bringing Formula One racing to the city, and who has political ties that go back decades.

Q&A: The billionaire charged in Singapore’s political gift scandal

Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers.

Foxconn beats estimates with record third-quarter revenue on AI demand

S P Setia Bhd (KL:SPSETIA) has officially launched its latest Australian project, Atlas Melbourne, at a preview event held at the Setia International Centre in KL Eco City on Saturday.

S P Setia launches Atlas Melbourne mixed development project in Melbourne's CBD

British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessive as she seeks to reassure investors about an expected rise in public debt.

UK's finance minister promises 'guardrails' around extra borrowing in budget

The number of oncologists in Malaysia is expected to increase to 400 by 2040, up from the current 175, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

He stated that this target can be achieved with Malaysia’s participation in the Fellowship of the Royal College of Radiologists (FRCR) in Clinical Oncology.

Dzulkefly: Number of oncologists in Malaysia to reach 400 by 2040

The government is working to expand the network of cancer centres in Malaysia, Deputy Prime Minister Datuk Seri Fadillah Yusof said.

He said two new centres will be established as part of this initiative — the Northern Region Cancer Centre in Kedah and the Sarawak Cancer Centre in Kota Samarahan, Sarawak.

Fadillah: Govt to expand cancer centre network in Malaysia

Open bidding of renewable energy certificates (RECs) generated this year through the Malaysia Green Attribute Trading System (mGATS) platform will take place from the seventh to the 11th of every month, until all the RECs offered have been fully acquired.

Energy Ministry kicks off open bidding of renewable energy certificates generated this year

Wynn Resorts Ltd said it has been awarded the first commercial gaming operator’s licence in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority.

Wynn Resorts receives gaming operator licence from UAE

Boeing's and its largest union said on Friday that contract talks will resume on Oct 7, as both sides seek an agreement to end a strike by around 33,000 of the planemaker's US West Coast factory workers.

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<p>Open bidding of renewable energy certificates (RECs) generated this year through the Malaysia Green Attribute Trading System (mGATS) platform will take place from the seventh to the 11th of every month, until all the RECs offered have been fully acquired.</p>


<p>Wynn Resorts Ltd said it has been awarded the first commercial gaming operator’s licence in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority.</p>


<p>The Madani government will address the issue of inflation in Budget 2025, which will be tabled on Oct 18, Prime Minister Datuk Seri Anwar Ibrahim said.</p>


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<p>Although the palm oil sector has been the backbone of the Malaysian economy for over five decades, in recent years it has been beset by a myriad of problems, from rising production costs to stagnating yields to labour shortages.</p>


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<p>The ringgit has yet to reach its fair value despite its recent rise against the US dollar and emerging as Southeast Asia’s best-performing currency, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Anwar: Ringgit’s recent rise beneficial for Malaysia, but yet to reach fair value

<p>S P Setia Bhd (KL:SPSETIA) has officially launched its latest Australian project, Atlas Melbourne, at a preview event held at the Setia International Centre in KL Eco City on Saturday.</p>


<p>The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak.</p>


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<p>Boustead Properties Bhd, under its Mutiara Spaces brand, has launched a new mobile app — Mutiara X Super App — on Thursday.</p>

<p>The app serves as a digital platform that consolidates Mutiara Spaces’ offerings into one touchpoint. It provides customers with access to exclusive rewards, extra privileges and a seamless experience across lifestyle, property and reward programmes.</p>


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<p>A high-stakes corporate earnings season kicks into gear next week, with bullish investors hoping results will justify increasingly rich valuations in a US stock market near record highs.</p>


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<p>Over at The <b>Reserve Bank of Australia</b>, the minutes for its <b>September policy meeting</b> will be released on Tuesday.</p>


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<p>The European Union unleashed one of its most powerful economic tools on China, imposing tariffs on electric vehicles (EVs) in a move that increases the risk of retaliatory measures and backfiring on domestic consumers and companies.</p>


EU tests mettle to take on China with new electric vehicle tariff fight

<p>Singapore’s most serious ministerial wrongdoing probe since the 1980s has led to charges levied against a billionaire best known for bringing Formula One racing to the city, and who has political ties that go back decades.</p>


<p>The number of oncologists in Malaysia is expected to increase to 400 by 2040, up from the current 175, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.</p>

<p>He stated that this target can be achieved with Malaysia’s participation in the Fellowship of the Royal College of Radiologists (FRCR) in Clinical Oncology.</p>


<p>The government is working to expand the network of cancer centres in Malaysia, Deputy Prime Minister Datuk Seri Fadillah Yusof said.</p>

<p>He said two new centres will be established as part of this initiative — the Northern Region Cancer Centre in Kedah and the Sarawak Cancer Centre in Kota Samarahan, Sarawak.</p>


<p>It is now conventional wisdom that global capital flows to the developing world are pro-cyclical, increasing when advanced economies ease monetary policy and retreating when their interest rates rise. A case in point is the growing number of developing countries experiencing liquidity and solvenc...

The Frontiers Of Growth: The World Needs Bigger and Better Financial Firefighters

<p>Boeing's and its largest union said on Friday that contract talks will resume on Oct 7, as both sides seek an agreement to end a strike by around 33,000 of the planemaker's US West Coast factory workers.</p>


<p>Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence (AI) servers.</p>


<p>British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessive as she seeks to reassure investors about an expected rise in public debt.</p>


<p>The Selangor government hopes that Budget 2025 to be tabled by the Federal Government can provide an impetus in the allocation for the empowerment of the electrical and electronics (E&amp;E) industry, flood mitigation and logistics in the state.</p>
