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Personal Financing

‘My job is to take Bank Rakyat to the next level’

It will not be easy, industry observers say. The fast-changing and increasingly tough banking landscape makes it harder for a DFI such as Bank Rakyat, whose growth over the last few years has been largely fuelled by personal financing (PF), to move forward on the same business model. Changes are needed, they say. Zulkiflee, just […]


How to: Connect

I glance over at the calendar and the glaring reminder that it is already the middle of March stares back at me. As a fourth-year student, I am met with the finality of my university experience. I may be an Education student with a perceived career before me, however, my future endeavours hold as much […]


Edited Transcript of PST.MI earnings conference call or presentation 15-Mar-17 5:00pm GMT

Net of these effects, operating profit would be in line versus last year at [EUR906] million, and this is mainly attributable to higher capital gain realized from active management of BancoPosta asset portfolio of about EUR41 million. The disposal to these incorporated allow us taking VISA Europe for EUR120 million, fully corresponding to the already […]


Eight city residents honored with mayor’s, vice mayor’s awards

Susan Ackley: Ackley is a career certified public accountant who has used her skills to assist a variety of nonprofits. She has served on the Economic Development Authority for 14 years and is a member and former president of the Lynchburg Estate Planning Council. Ackley was a founding member and past treasurer of the EC […]


Bank Rakyat a takeover target

PNB which is the country’s largest fund management company, has three major financial institutions in its stable and is believed to be open to the idea of acquiring Bank Rakyat in a move which could lead to value creation between Bank Rakyat and PNB-controlled companies. Besides the MIDF Group which is the investment banking and […]


Household debt to GDP ratio falls to 88.4%

PETALING JAYA: Malaysia’s total household debt to gross domestic product (GDP) ratio last year contracted for the first time since 2010, according to Bank Negara’s Financial Stability and Payment Systems Report 2016. As at the end of 2016, the total household debt to GDP ratio fell to 88.4% from 89.1% in 2015, despite a slowdown […]


Opinion: BC government on correct investment, capital debt path

When a person starts out on his or hercareer, he/sheis faced with a multitude of options and daunting decisions that will have an impact on life moving forward. How much money should be put aside each month? Should it be invested in the stock or housing market? Will there be enough remaining to travel or […]


Analysts remain cautious on central bank’s improved GDP outlook

While analysts largely concur with the central bank’s assertion, there are significant differences in the projected numbers relating to the extent of the improvement. One major point of contention is on the degree of private consumption growth, which is one of the key drivers of the economy. In its annual report, Bank Negara says that […]


10 Commandments for Personal Financing

The handling of ones money is not a very easy task; that is why, rich people hire others to “worry” about it. But for those of us that are not like Warren Buffett–yet–here are the personal financing commandments you should follow, religiously: 1. Plan ‘fore acting or thou shalt be punished Here is the thing: […]


Aeon Credit makes a cash call to raise RM432mil

KUALA LUMPUR: Aeon Credit Service (M) Bhd is seeking to raise RM432mil through a proposed rights issue to improve its capital adequacy ratio and financial flexibility. The easy payment and personal financing scheme provider told Bursa Malaysia that the proposed rights issue would be undertaken following a proposed 1-for-2 bonus issue at an issue price […]


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