News about CIMB

KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said yesterday it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.

KUALA LUMPUR (March 30): CIMB Group Holdings Bhd has confirmed that one of its employees has tested positive for COVID-19.

KUALA LUMPUR (March 18): CIMB Bank Bhd and CIMB Islamic Bank Bhd have expanded their financial relief programmes for customers who have been impacted by the continued COVID-19 outbreak.

KUALA LUMPUR (March 9): CIMB Group Holdings Bhd chief executive officer Tengku Datuk Seri Zafrul Abdul Aziz (pictured) says he will give his best to the nation, following Prime Minister Tan Sri Muhyiddin Yassin’s announcement of his appointment as the Finance Minister.

KUALA LUMPUR (March 7): Five cheques worth a total of RM366,000 mysteriously made their way into the proxy account of Datuk Seri Ahmad Zahid Hamidi (pictured) in 2016.

KUALA LUMPUR (March 6): CIMB Bank Bhd and CIMB Islamic Bank Bhd are reducing their base rate and fixed deposit rate/fixed return income account-i board rates by 25 basis points, in line with the overnight policy rate cut announced by Bank Negara Malaysia on Tuesday.

KUALA LUMPUR (March 5): The recent political developments that led to the change in government have dimmed the bright spots for the construction sector, said CGS-CIMB Research, given concerns over the implementation of new infrastructure projects that have been planned by the preceding government under Tun Dr Mahathir Mohamad.

KUALA LUMPUR (March 4): Datuk Seri Tengku Adnan Tengku Mansor’s (pictured) application to have his asset declarations be heard in-camera was rejected by the High Court judge Mohamed Zaini Mazlan.

KUALA LUMPUR (Feb 28): CGS-CIMB Research said the potential beneficiaries from the RM20 billion stimulus package announced on Feb 27 will be the consumer, construction and tourism-related sectors.

KUALA LUMPUR (Feb 19): Shell Malaysia Trading Sdn Bhd has waived the 50 sen Touch 'n Go top-up fee at all stations along the New Klang Valley Expressway (NKVE), North-South Expressway Central Link (Elite) and East Coast Expressway (ECE) to help Malaysians save more money amid rising cost of living.