Malaysia

Stake sold to an undisclosed third party investor.

Malaysia’s CIMB Group no longer interested in owning Bank of Commerce.

CIMB pioneers human capital development programme.

Maybank announced that Encik Mohamed Rafique Merican Mohd Wahiduddin Merican has been appointed as Officer-in-Charge of the Bank effective 5 June 2013. Rafique will oversee the overall running of the day-to-day operations of the Maybank Group until the appointment of a President & CEO to succeed Dato’ Sri Abdul Wahid Omar, whose appointment as Minister in the Prime Minister’s Department will also become effective on the same day.

That's 0.9% of its paid up share capital.

These markets include Indonesia and Malaysia.

CIMB's acquiring a 60% stake in Bank of Commerce.

RHB Holdings Hong Kong is now a member of the RHB Banking Group.

42,000 employees will benefit from the MOU.

It will be held on 15th and 16th May 2013.

This is part of its plan to become a leading pan-Asian investment bank.

CIMB now in all major APAC markets except Taiwan.

Islamic Banking is gaining popularity among not only Muslims but non-Muslims as well in Asia. On its part, OCBC Bank sees this as an opportunity to offer an even broader array of competitive and innovative financial products and services to consumers and businesses. And it recently started doing so through the Xpres branches of its Islamic banking subsidiary, marking a milestone in the four-year journey of OCBC Al-Amin Bank Berhad.

For a long period of time, Yuan’s exchange rate has been on the agenda in the large trade deficit regions, such as the U.S.A. and Europe (see Table 1). The U.S.A. has been arguing for long time that China has kept currency valuations at artificially low levels, favoring Chinese manufacturing exports harming this way the manufacturing industry in the U.S.A.

That is only within two months of its launch.

Yeo has nearly 20 years of experience.