Kenanga Futures Announces “Back 2 The Futures” Campaign

 |  Thursday, 16 August 2018 14:05  |  Published in MARKETS

Kenanga Futures Sdn Bhd is back with its second nationwide campaign, “Back 2 The Futures” – a campaign that enables domestic clients to access both the U.S. and Malaysian listed derivatives on CME Group and Bursa Malaysia Derivatives Bhd, respectively, and be rewarded.

Taking place from 15 August to 15 November 2018, the Campaign rewards petrol cards worth up to RM200 to new individual clients who trade BMD products, including new and existing clients who open an account and trade CME Group products.

Fitch affirms A- rating for Malaysia, estimates Govt debt at 65% of GDP

 |  Wednesday, 15 August 2018 14:36  |  Published in MARKETS

Fitch Ratings has affirmed Malaysia's long-term foreign-currency issuer default rating (IDR) at 'A-' with a stable outlook supported by solid economic growth and a net external creditor position built up from a record of current account surpluses.

It said the affirmation not only takes into consideration measures such as the rollback of the Goods and Services Tax (GST), but also the stated intention to reduce fiscal deficits and improve governance.

BNM's Approval Completes Final Piece For CIMB-China Galaxy Stockbroking JV

 |  Monday, 13 August 2018 11:15  |  Published in MARKETS

CIMB Group has received Bank Negara Malaysia's (BNM) approval to incorporate a Malaysia-based Joint Venture company (Malaysia JVCo) as the holding company of Jupiter Securities Sdn Bhd (Jupiter Securities), the platform that will be used for the Malaysia stockbroking business of CIMB and China Galaxy Securities Co. Ltd ("China Galaxy" or “CGS”).

CIMB and China Galaxy will own a 50:50 stake in Malaysia JVCo, through their respective wholly-owned subsidiaries CIMB Group Sdn Bhd and China Galaxy International Financial Holdings Limited. CIMB Group’s Malaysia stockbroking business comprises institutional and retail brokerage, share margin financing for broking clients, equity financing services and equities research, as well as exchange listed derivative broking under CIMB Futures Sdn Bhd.

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