<div class=newsTextDataWrapInner>WITH reference to our article “Local banks’ FD rate hikes lag BLR” yesterday, EON Bank Bhd clarified that its conventional fixed deposit rates for individuals’ deposits exceeding RM1 million as at March 11 are as follows: 1-2 months: 2.25%, 3-5 months: 2.3%, 6-8 months: 2.35%, 9-11 months: 2.35%, 12 months: 2.6%. Conventional FD rates for non-individuals’ deposits exceeding RM1 million are 1-2 months: 1.75%, 3-5 months: 1.75%, 6-8 months: 1.75%, 9-11 months: 1.75% and 12 months: 2%.</div>

<div class=newsTextDataWrapInner> This article appeared in The Edge Financial Daily, March 12, 2010.</div></div><div class=inPageAd id=div-gpt-ad-inpage>

WITH reference to our article “Local banks’ FD rate hikes lag BLR” yesterday, EON Bank Bhd clarified that its conventional fixed deposit rates for individuals’ deposits exceeding RM1 million as at March 11 are as follows: 1-2 months: 2.25%, 3-5 months: 2.3%, 6-8 months: 2.35%, 9-11 months: 2.35%, 12 months: 2.6%. Conventional FD rates for non-individuals’ deposits exceeding RM1 million are 1-2 months: 1.75%, 3-5 months: 1.75%, 6-8 months: 1.75%, 9-11 months: 1.75% and 12 months: 2%.

This article appeared in The Edge Financial Daily, March 12, 2010.

EON Bank’s FD rates

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

Anwar directs Khazanah to audit RM43.9m FashionValet investment loss

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Loke: WCE to ease NSE congestion, boost local economy

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

Accurate data needed to curb leakages in govt subsidies, says Anwar

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

MACC opens investigation on Khazanah and PNB investment in online fashion business

The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.

Auditor general empowered to audit account of 1,856 other bodies, GLCs

Prime Minister Datuk Seri Anwar Ibrahim has insisted that he will not block and interfere in the investigation of the National Farmers' Organisation (Nafas) and Khazanah Nasional Bhd by the authorities including the Malaysian Anti-Corruption Commission (MACC).

Anwar: No obstruction, no interference in probe on Nafas, Khazanah

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Elon Musk was dealt a significant setback in a court fight over his purge of Twitter Inc’s top executives when he took over the company in 2022.

Musk loses bid to dismiss ex-Twitter CEO’s severance lawsuit

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has appointed Nazaiful Affendi Zainal Abidin as the chief strategy and services officer effective Nov 1, 2024.

KWAP appoints Nazaiful Affendi as chief strategy and services officer

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AMMB Holdings Bhd (KL:AMBANK) — better known as AmBank Group — has been busy putting into action a five-year strategic plan, in which delivering better returns to shareholders is one of its key goals.

AmBank off to a good start

The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has managed to sell a mansion she owns in Singapore for S$51 million (US$38.5 million or RM168.45 million), despite a court-imposed freeze against some of the couple’s other assets.

Disgraced Three Arrows founder’s wife sells US$39m Singapore mansion

U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.

U Mobile to reduce foreign majority shareholdings to 20%

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.

Nvidia to take Intel's spot on Dow Jones Industrial Average

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

Investors are bracing for a busy week packed with economic data, the third-quarter earnings season and, more importantly, the results of the US presidential election on Tuesday.

The Week Ahead: Attention on US presidential election, monetary policy decisions, economic data

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has appointed Nazaiful Affendi Zainal Abidin as the chief strategy and services officer effective Nov 1, 2024.

Prime Minister Datuk Seri Anwar Ibrahim has insisted that he will not block and interfere in the investigation of the National Farmers' Organisation (Nafas) and Khazanah Nasional Bhd by the authorities including the Malaysian Anti-Corruption Commission (MACC).

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve (Fed) offers more insight on the path of interest rates at its monetary policy meeting.

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Chevron Corp indicated potential US job cuts as part of a new cost-cutting plan.

The US$3 billion (RM13.14 billion) in targeted “structural” cost savings will come from asset sales, the use of new technology and workflow changes, chief executive officer Mike Wirth said during an interview. Chevron recently opened up a US$1 billion innovation hub in Bengaluru, India, which is hiring workers for engineering and digital services.

Chevron flags possible job cuts in US$3b cost plan

Elon Musk was dealt a significant setback in a court fight over his purge of Twitter Inc’s top executives when he took over the company in 2022.

The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

About two years ago, in the aftermath of the COVID-19 pandemic, China’s economy hit a roadblock. As all sectors underwent deleveraging, economic growth slowed, household savings rates increased, and businesses scaled back their investments and accumulated savings. Many now wonder whether consumer...

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