CORPORATE

OCBC Foresees 4.2% Growth This Year

 |  Tuesday, 07 February 2017 15:10  |  Published in CORPORATE

KUALA LUMPUR, FEB 7 – Malaysia’s economy is expected to grow 4.2% this year in exports supported by recovering commodity price, demand recovery in electronics and crude oil prices.

OCBC Bank Economist, Wellian Wiranto notes that in Malaysia, recovering commodity prices have been offering the economy some support. It also occurs at a time when domestic consumption has stayed encouragingly robust due to helpful employment and wage trajectories.

Malindo Air Obtains IATA Operational Safety Audit (IOSA) Registration

 |  Monday, 06 February 2017 10:33  |  Published in CORPORATE

Malindo Air recently announced that the airline has obtained the IATA Operational Safety Audit (IOSA), valid from June 4 2016 until June 3, 2018.

The IATA Operational Safety Audit (IOSA) is an internationally recognised and accepted evaluation system designed to access the operational management and control systems of an airline.

CIMB-Principal Launches Preferred Securities Fund

 |  Thursday, 02 February 2017 10:39  |  Published in CORPORATE

Kuala Lumpur, Feb 2 – In an effort to achieve potential income and capital appreciation, CIMB-Principal Asset Management Bhd is launching the CIMB-Principal Preferred Securities Fund by investing in Principal Global Investors-Preferred Securities Fund (PGIPF) over the medium to long-term. PGIPF is a Dublin-based UCITS fund that invests primarily in a portfolio of USD-denominated preferred securities and debt securities.


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