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Indonesia .. we have "acquired and merged" you now ...
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Malaysia's more inclusive policies reflected in bullish stock market
By LIDIANA ROSLI - January 23, 2018 @ 1:54pm
Permodalan Nasional Bhd chairman Tan Sri Abdul Wahid Omar says it was always the government's main concern to ensure that the economy remains sound with more inclusive and sustainable policy making. (NSTP pic by ASYRAF HAMZAH)
Quote:
KUALA LUMPUR: The government’s more inclusive and sustainable policies are now reflected in the bullish local stock market, Permodalan Nasional Bhd chairman Tan Sri Abdul Wahid Omar said.
“It was always the government's main concern to ensure that the economy remains sound with more inclusive and sustainable policy making.
“We have seen now and continue seeing that those decisions are now being reflected in Bursa Malaysia when we breached the 1,800 psychological levels,” Wahid told reporters on the sidelines of Invest Malaysia 2018 here today.
He was responding to Najib’s keynote address at the investors conference attended by more than 1,000 local and foreign delegates.
“The Prime Minister had given a very important message in terms of progression achieved by Malaysia since 2009,” Wahid said.
On the ringgit re-pegging call by certain quarters, he said the government had consistently said that pegging the ringgit to the US dollar had never been an option.
“The government had always maintained that they will not peg the ringgit and given the performance of the economy, there's no need,” he added.
Wahid noted that Malaysia’s strong gross domestic product growth of around 5.7 per cent last year, was reflective of growing business confidence of both locals and foreign investors. This translated into the strengthening of the ringgit.
“We have seen the ringgit now strengthening. And this is why we hope the corporate sector will do well in 2018 to enhance revenue, optimise their costs and generate more returns for shareholders.
“What we see in Malaysia right now is a total holistic package where the macroeconomy, monetary policy and of course, strong performance of the corporate sector. All these aspects are very important (to keep the ringgit strong)” he added.
https://www.nst.com.my/business/2018...h-stock-market
Maybank in talks to open own branch in India
By M THILLINADAN - January 24, 2018 @ 12:53pm
Quote:
NEW DELHI: Malaysia's largest banking group, Malayan Banking Bhd (Maybank), has started negotiations with regulators in India to open its own branch in the country.
Currently, Maybank subsidiary Bank Internasional Indonesia (BII) has a branch in Mumbai since 2013.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Maybank intends to enter India directly without going through BII.
BII opened its first branch in India in 1995, but stopped operating in 2008, before resuming operations in 2013.
Besides Indonesia, Maybank also has overseas branches in Singapore, Philippines, Thailand, China, Cambodia, Laos, Myanmar, Hong Kong and Brunei.
https://www.nst.com.my/business/2018...n-branch-india
Opening a branch is not acquisition nor merger, that is why I told you to learn economics first before posting
Rule #1. never argue with idiots they drag you down to their level
Rule #2. read #1
Hahahaha ... Don't to be flip-flop lah ... The world know that our banks (CIMB + Maybank) have a significant market share not only in Indonesia .. but also in ASEAN .. meanwhile your banks are still "jago kandang" .. and can't still qualify to open and expand their business to Malaysia and other ASEAN countries ..
ITB, UI .. Where are you?
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The newly released top 10 best universities in Asia by Times Higher Education (THE) ranking.
Asean ranking (asian ranking/100)
1.NUS, SG (1)
2. NTU, SG (5)
3. Universiti Malaya, MY (46)
4. Mahidol University, TH(97)
5. Universiti Tunku Abdul Rahman (UTAR)MY, 99
https://www.timeshighereducation.com...gional-ranking
There are two flaws in your statement
Firstly, CIMB is only big in Indonesia if you include the Niaga Bank which is listed in IDX instead of MYX. In the eyes of the financial market, CIMB Niaga is an Indonesian company.
Secondly, Indonesian banks are already big domestically. Logically speaking, why be hasty pursuing foreign market when there are so much more market potential in the domestic market? If we look at the Market Cap of CIMB group holdings (MYX; KLSE), it only has around USD 10B despite presence in multiple countries whereas Mandiri Bank, the second largest bank group in Indonesia has more than USD 20B market cap. The same applies to Maybank too, which is only big in Indonesia if we include PT BII to that. Meanwhile, Maybank, the biggest bank group of Malaysia, has a market cap valued at RM109B or around USD28B whereas the BRI group has a market cap valued at RP453T or USD 33.8B.
Summary: Learn economics kid, get off your lapak and start do something besides trolling. LOL
Hahahaha... are you still dreaming ?
https://www.forbes.com/global2000/list/
Indonesia = 6
#386 = Bank Rakyat Indonesia (finance)
#494 = Bank Mandiri (finance)
#564 = Bank Central Asia (finance)
#653 = Telkom Indonesia (telecommunications)
#924 = Bank Negara Indonesia (finance)
#1373 = Gudang Garam (tobacco)
Malaysia = 14
#390 = Maybank (finance)
#490 = Tenaga Nasional (electricity)
#632 = Public Bank (finance)
#671 = CIMB (finance)
#791 = Sime Darby (plantations, property, industrial, automobiles) and logistics)
#1259 = Genting (tourism, resorts, cruises, gambling, plantations, electricity generation)
#1319 = Petronas Chemicals (petrochemicals)
#1405 = RHB Bank (finance)
#1472 = Hong Leong Financial (finance)
#1510 = Axiata Group (telecommunications)
#1543 = MISC (shipping)
#1596 = Maxis (telecommunications)
#1771 = Ambank Group (finance)
#1881 = Petronas Gas (natural gas)
Philippines = 8
#823 = SM Investments (shopping mall development and management, retail, real estate development, banking, and tourism)
#1018 = BDO Unibank (finance)
#1151 = JG Summit Holdings (airline, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications)
#1176 = Ayala (retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, and management and business process outsourcing)
#1228 = Top Frontier Investment Holdings ( mining, packaging, real estate, food and beverage)
#1531 =Metropolitan Bank & Trust (finance)
#1793 = Aboitiz Equity Ventures (consumer goods, utilities, financials, and industrials)
#1947 = Manila Electric (electricity)
Singapore = 17
#245 = DBS Group (finance)
#301 = Oversea-Chinese Banking (finance)
#330 = SingTel (telecommunications)
#332 = United Overseas Bank (finance)
#388 = Wilmar International (agribusiness, plantation)
#592 =Broadcom (electronics)
#948 = CapitaLand (real estate, property)
#992 = Singapore Airlines
#1110 = Flextronics International (electronics)
#1138 = Keppel (offshore & marine, property, infrastructure and asset management)
#1170 = Global Logistic Properties (logistics)
#1414 = Olam International (agri-business)
#1719 = City Developments (real estate)
#1783 = Frasers Centrepoint (property)
#1823 = Golden Agri-Resources (palm oil plantation)
#1874 = ST Engineering (aerospace, electronics, land systems and marine solutions)
#1909 = China Aviation Oil (jet fuel)
Thailand = 14
#190 = PTT PCL (oil and gas)
#604 = Siam Cement
#616 = Siam Commercial Bank (finance)
#642 = Kasikornbank (finance)
#672 = Krung Thai Bank (finance)
#804 = Bangkok Bank (finance)
#985 = CP All (7-11 convenience stores)
#1026 = PTT Global Chemical (petrochemicals)
#1107 = Thai Beverage
#1149 = Charoen Pokphand Foods
#1196 = Advanced Info Service (telecommunications)
#1353 = Airports of Thailand
#1509 = Thai Oil (oil refining)
#1757 = Indorama Ventures (petrochemicals)
Vietnam = 4
#1633 = Vietin Bank (finance)
#1656 = Joint Stock Commercial Bank for Foreign Trade of Vietnam (finance)
#1682 = Commercial Bank For Investment & Development Of Vietnam (finance)
#1888 = Vietnam Dairy Products
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