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Tag: cimb

Retail Asia04/10/2018
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Finance

CIMB to accept payments from six mobile wallets

2min0
CIMB Bank Bhd will be accepting Quick Response (QR) Payment from six major mobile wallets at its terminals, enabling it to tap into an estimated customer base of about 4.5 million in Malaysia and 520 million registered mainland Chinese. This is the first in the market QR payment acceptance for six mobile wallet systems are […]
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Retail Asia25/09/2018
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Finance

CIMB in Top 100 of Thomson Reuters’ Global Diversity & Inclusion Index

3min0
CIMB Group Holdings Bhd has been ranked top 100 most diverse and inclusive organizations globally by Thomson Reuters’ Diversity & Inclusion (D&I) Index 2018, which measures more than 7,000 companies globally on their environmental, social, and governance (ESG) strategy. Thomson Reuters D&I Index provides an additional lens to investment professionals and investors alike to evaluate […]
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Retail Asia23/07/2018
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Finance

CIMB Thai’s Q2 profit down 46.4% on higher bad debts, impairment losses

2min0
CIMB Group Holdings Bhd’s 94.11%-owned indirect subsidiary CIMB Thai Bank PCL reported a 46.4% decline in net profit to THB191.2 million (RM23.2 million) for the second quarter ended June 30, 2018 against THB356.6 million (RM43.3 million) in the previous corresponding period, mainly dragged by bad and doubtful debts and impairment losses. Its operating income expanded […]
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Retail Asia09/07/2018
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Real Estate

Sheng Siong targets big expansion in 2018

2min0
Singapore’s Sheng Siong supermarket group is on track to open its 50th store this year, with bids in play for locations in Bukit Batok and Sumang Lane. And an analyst familiar with the business, CGS-CIMB’s Cezzane See, says the group’s pipeline is robust, with at least 10 bids coming up before the year is over. […]
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Retail Asia28/05/2018
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Finance

CIMB Malaysia to recognise RM920m gain from disposal of stake in CIMB-Principal Asset Management

2min0
CIMB Group Holdings Bhd is expected to recognise a gain of about RM920 million following the completion of the divestment of its 20% stake in CIMB-Principal Asset Management Bhd and 10% equity interest in CIMB-Principal Islamic Asset Management Sdn Bhd to Principal Financial Group for RM470.29 million today. This, however, is lower than the initial […]
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Retail Asia15/05/2018
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General

AirAsia under selling pressure

6min0
Shares in AirAsia Group Bhd plunged by  nearly 13% or 47 sen on the first trading day after the general election last Wednesday. Selling pressure emerged on counters that are perceived to be linked to the incumbent Barisan Nasional, the low cost carrier is among them. Meanwhile, CIMB Investment Bank Bhd downgraded the stock on […]
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Retail Asia02/04/2018
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Finance

CIMB Bank’s digital push

8min
CIMB Bank is ready to disrupt itself and will bank on data as one of the main thrusts in becoming a regional digital banking group at a time when disruptions are fast taking place in the financial services sector. On the whole, the group’s digital sales revenue has grown at a rapid phase from financial […]
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Retail Asia17/05/2017
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Finance

CIMB Research starts coverage of CCK with Add rating

4min
CIMB Equities Research has initiated coverage on CCK Consolidated Bhd with an Add rating and a 12-month target price of RM1.28. CCK controls about 35% of Sarawak’s poultry market making it the state’s biggest producer. Besides Sarawak, it also has exposure in the poultry markets of Sabah and Indonesia (Jakarta and Pontianak). The group also […]
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Retail Asia28/03/2017
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Finance

CIMB-Alipay mobile wallet provides Chinese tourists a more seamless payment experience

6min
CIMB Bank Bhd (CIMB Bank) and Ant Financial Services Group (Ant Financial), the parent company of Alipay, the world’s largest online and mobile payment platform, yesterday announced a collaboration to enable the Alipay mobile wallet in Malaysia as an alternative cashless payment for Chinese tourists. CIMB Bank will act as the settlement and merchant acquirer […]
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Retail Asia20/03/2017
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Finance

CIMB bags ‘Best Retail Bank in Malaysia’ award

2min
CIMB Bank Bhd has won “Best Retail Bank in Malaysia” at the International Excellence in Retail Financial Services Awards Programme 2017 conferred by The Asian Banker. CIMB’s Enhanced Virtual Assistant (EVA), the first chat-bot banking application in Asean, also won “Internet Banking Product of the Year” recently at a ceremony held in Tokyo. CIMB group […]
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Retail Asia14/12/2016
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Finance

CIMB launches mobile wallet app for cashless payments

3min0
CIMB Bank Bhd has launched a lifestyle mobile application, CIMB Pay that provides combine secure cashless payments with deals and offers. This enables the bank’s seven million customers to experience faster, easier and more secure payments at over 1,800 contactless terminal-enabled merchants nationwide as well as search nearby location-based real-time deals. Group consumer banking chief […]
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Retail Asia12/12/2016
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Finance

JCB International and CIMB Bank Singapore with Wirecard

4min0
JCB, the international operations subsidiary of JCB, CIMB Bank Singapore (“CIMB”), and Wirecard AG (“Wirecard”) are pleased to announce their signing of a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. With its ASEAN footprint firmly in place, CIMB is […]
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Retail Asia11/10/2016
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Food

McDonald’s Malaysia, Singapore ‘buyer found’

1min0
Twenty-year franchise rights for McDonald’s Malaysia and Singapore outlets have been conditionally sold to a Saudi Arabian group for up to US$400 million. Reza Food Services, which owns McDonald’s restaurants in Saudi Arabia, is seeking finance from Malaysian bank CIMB to finance the transaction, insiders say. McDonald’s is moving to bring in partners as it […]
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Retail Asia15/09/2016
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Finance

Sun Life, CIMB merge life-insurance businesses in Indonesia

2min0
Life insurer Sun Life Financial Indonesia has officially integrated with Malaysia’s financial group CIMB subsidiary CIMB Sun Life following the Rp 550 billion (US$41.8 million) acquisition of 51 percent shares in CIMB Sun Life. Sun Life Financial Indonesia president director Elin Waty said the acquisition, conducted between April and June, was in line with the […]
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Retail Asia01/08/2016
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Finance

CIMB’s Indonesian unit posts big jump in profit

4min0
CIMB Group Holdings Bhd’s 97.9% owned Indonesia-based subsidiary PT Bank CIMB Niaga Tbk, boosted its unaudited consolidated net profit by 318.2% to 736 billion rupiah (RM228.4mil) for the six-month period ended June 30, 2016 (H1). The fifth largest bank in Indonesia by assets said in a statement that the higher net profit, which translated to […]
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