The Securities Commission Malaysia (SC) and the Monetary Authority of Singapore (MAS) will work together to facilitate the establishment of a stock market trading link between Bursa Malaysia (BM) and Singapore Exchange (SGX) by the end of this year.
The trading link will allow investors to trade and settle shares listed on each other’s stock market in a more convenient and cost-efficient manner. Retail investors notably will benefit from such a link.
PETRONAS President and Group CEO Tan Sri Wan Zulkiflee Wan Ariffin, who attended the World Economic Forum in Davos, discusses oil prices and the Company's growth focus for 2018, with Bloomberg TV.
During the interview, Tan Sri Wan Zulkiflee shared his views on the outlook for oil prices, PETRONAS’ priorities for 2018 and future challenges.
CIMB Group Holdings Berhad (CIMB) and China Galaxy Securities Co. Ltd. (CGS) announced that, their respective wholly-owned subsidiaries CIMB Group Sdn Bhd and China Galaxy International Financial Holdings Limited (CGI), have completed the sale and purchase of 50% interest in CIMB Securities International Pte Ltd (CSI). With the completion, CIMB and CGS have now become 50:50 shareholders of CSI (the JV) and CSI will be rebranded as CGS-CIMB Securities once regulatory approvals are obtained.
CSI is the holding company of CIMB’s ex-Malaysia stockbroking business comprising institutional and retail brokerage, and equities research in Indonesia, Singapore, Thailand, Hong Kong, South Korea, India, the UK and the USA. The transaction would improve CIMB’s cost-to-income ratio by over 100 bps and Core Equity Tier 1 ratio by around 10 bps.