Monday, March 26, 2012

Exim Bank Targets RM1 Million

Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=651636

KUALA LUMPUR, March 23 (Bernama) -- Export-Import Bank of Malaysia Bhd (Exim Bank) targets to secure RM1 million in premium this year from its two newly launched credit takaful products, said managing director/CEO Datuk Adissadikin Ali.

"The demand for trade credit insurance among Malaysian exporters, including SMEs (small and medium enterprises) to protect from non-payment by overseas buyers has risen tremendously," he told reporters after the launch of the two takaful products by Deputy Finance Minister Datuk Dr Awang Adek Hussin here Friday.

The two products, Comprehensive Takaful Shipment and Specific Takaful, the first of its kind in Malaysia to help exporters, particularly the SMEs to hedge their risks in international trade.

Through these products, Malaysian exporters are shield from the risk of non-payment by overseas buyers, amid the bleak global economic scenario sparked by the eurozone sovereign debt crisis and weak economy in the United States.

The Comprehensive Takaful Shipment provides protection to Malaysian exporters and assures their future payments for export of goods or services, either from the overseas buyers or from Exim Bank by way of Takaful claims.

-- BENAMA

Boustead Naval Shipyard gets RM2bil loan

Source From (The Star Online): http://www.bernama.com/bernama/v6/newsbusiness.php?id=651636

Tuesday March 20, 2012 (Bank Rakyat & Bank Pembangunan)

PETALING JAYA: Boustead Holdings Bhd's subsidiary Boustead Naval Shipyard Sdn Bhd (BNS) has obtained financing facilities of up to RM2.06bil, which is a part of an overall syndicated facilities amounting to RM5.56bil.

The funding facilities are for the construction of six second-generation patrol vessels with combat capabilities for the Royal Malaysian Navy, following the contract awarded to BNS by the Defence Ministry.

In a filing to Bursa Malaysia, the company said the signing of the financial agreements was for phase one while the remaining syndicated facilities, for phase two of up to RM3.505bil were still on-going. The tenure of phase one ranges from four years to eight years eight months; therefore the facilities' amount will be reduced according to the tenure.

The company said the payments from the Government on completion basis would be utilised to settle the phase one facilities.
The joint mandated lead arrangers are Affin Investment Bank Bhd, Maybank Investment Bank Bhd and AmInvestment Bank Bhd.

Co-arrangers are Affin Bank Bhd, Malayan Banking Berhad and Maybank Islamic Bhd while co-managers of the facilities are Bank Pembangunan Malaysia Bhd, Bank Muamalat Malaysia Bhd and Bank Kerjasama Rakyat Malaysia Bhd.

Lenders are Affin Bank Bhd, Malayan Banking Bhd, Bank Pembangunan Malaysia Bhd, Affin Investment Bank Bhd, Bank Kerjasama Rakyat Malaysia Bhd, Maybank Islamic Bhd, and Bank Muamalat Malaysia Bhd.

BNS received the letter of intent for the contract on Oct 15, 2010 and the letter of award on Dec 16, 2011. Boustead's board of directors believes the phase one facilities are in the best interest of the company.

Friday, March 16, 2012

MIDF Expects Bank Negara To Retain OPR At 3 Per Cent

KUALA LUMPUR, March 12 (Bernama) -- MIDF Research expects Bank Negara Malaysia to retain the overnight policy rate (OPR) at 3.00 per cent until end of this year, reasoning that despite the improving economic and financial data, there was still uncertainty in the global economic front.

Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=651636
March 12, 2012 17:55 PM

In a research note Monday, it said the risk of inflation was still lingering, and hence they expect the central bank to continue to maintain the accommodative monetary policy which will support domestic demand.

"We expect inflation to be well contained, with possibilities of some level of easing in the coming months.

"As such, we are the of the view that there is no compelling reason for a rate cut prospects," the research firm said.

MIDF also expects Bank Negara to be a laggard among its Asean peers in terms of its monetary policy action.

--BERNAMA

MIDF salur pinjaman RM365j

400 syarikat, perusahaan dijangka dapat manfaat pembiayaan 3 skim. MALAYSIAN Industrial Development Finance Bhd (MIDF) mensasar menyalurkan pembiayaan berjumlah RM365 juta tahun ini di bawah tiga skim pinjaman mudah yang dikendalikannya.

Source From (Berita Harian): http://www.bharian.com.my/bharian/articles/MIDFsalurpinjamanRM365j/Article
2012/03/12

Skim itu ialah Skim Pinjaman Mudah Untuk Perusahaan Kecil dan Sederhana (SLSME), Skim Pinjaman Mudah Untuk Automasi dan Permodenan (SLSAM), serta Skim Pinjaman Mudah Untuk Automotif dan Pembangunan (SLSAD).
Pengarah Urusan Kumpulannya, Datuk Mohd Najib Abdullah, berkata pihaknya menjangkakan sekurang-kurangnya 400 syarikat dan perusahaan akan mendapat manfaat daripada pembiayaan itu.

“Daripada jumlah keseluruhan pembiayaan itu, kami bakal menyalurkan RM213 juta di bawah SLSME, RM60 juta di bawah SLSAM dan RM92 juta kepada SLSAD,” katanya kepada Berita Harian, baru-baru ini.

Beliau menambah, daripada 400 syarikat dan perusahaan yang disasarkan itu pula, 236 adalah bagi SLSME, SLSAD (100) SLSAM (64).

Tahun lalu, MIDF menyalurkan pembiayaan berjumlah RM273 juta di bawah tiga skim pinjaman mudah itu kepada 392 syarikat yang sebahagian besarnya diperuntukkan untuk SLSME dengan nilai keseluruhan RM179 juta membabitkan 359 syarikat.
Mengenai kriteria utama untuk pembiayaan itu, Mohd Najib berkata, setiap permohonan akan dinilai secara terperinci dari segi tahap daya maju perniagaan dan kebolehan menjana keuntungan atau aliran tunai yang sewajarnya untuk membayar balik pinjaman.

Katanya, MIDF juga melihat komitmen pinjaman syarikat terbabit dengan institusi kewangan lain, komitmen pemegang saham atau pengarah terhadap perniagaan dan komitmen lain yang berkaitan perniagaan syarikat sebelum meluluskan permohonan mereka.

“Sektor yang menjadi keutamaan sejak 50 tahun lalu adalah perkilangan atau pembuatan dengan 78 peratus usahawan dari sektor itu mendapat kemudahan pinjaman MIDF setakat ini,” katanya.

Mengenai kos pembiayaan skim berkenaan, beliau berkata, MIDF mengenakan kadar faedah pinjaman serendah empat peratus kepada syarikat atau perusahaan dalam kategori Perusahaan Kecil dan Sederhana (PKS) dan lima peratus bagi syarikat bukan PKS.

“Tempoh bayaran balik mengikut jenis pinjaman. Contohnya, bagi pembiayaan pembelian aset tetap seperti hartanah perindustrian atau komersil, tempoh yang dibenarkan sehingga 15 tahun. Bagi pembiayaan pembelian mesin, jentera dan peralatan pula, tempohnya adalah sehingga enam tahun,” katanya.

Sementara itu, Mohd Najib berkata, MIDF merancang memperkenalkan skim pinjaman khusus untuk pembiayaan pembelian hartanah komersial.

Menerusi produk itu, katanya, ia memberikan kelebihan kepada peminjam atau usahawan beroperasi di premis milik mereka dengan kos pembiayaan tetap tanpa perlu bimbang mengenai pergerakan Kadar Asas Pinjaman (BLR).

“Kelebihan utama program pembiayaan ini ialah proses kelulusan pinjaman dan pengeluaran wang akan dipercepatkan supaya syarikat atau perusahaan yang berdaya maju boleh mengembangkan perniagaan mereka dengan kos yang minimum,” katanya.

Monday, March 5, 2012

Bank Simpanan leveraging on expo potential

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/MAPKID/Article/

By Kamarul Yunus
Published: 2012/03/05

BANK Simpanan Nasional (BSN) expects to seal financing facilities worth RM5 million and RM500,000 in premium savings certificate sales at the Malaysia Property Exposition (Mapex) 2012.

The bank also anticipates some 150 applicants for its credit cards during the three-day event, which ended yesterday.

Head of sales at BSN Selangor main branch Azmi Mohd Noor said within the first two days of the expo, the bank received enquiries on property financing worth almost RM10 million.

"Yesterday, we received enquiries on financing for properties valued at about RM3.5 million and today (Saturday) about RM6 million.

"However, we normally do not close deals at the event, just enquiries.

"One week down the road ... then only we would probably see the deals clinched," he told Business Times on the sidelines of a talk held in conjunction with Mapex 2012, here recently.

BSN, which has been participating in Mapex for the past three years, is leveraging on the expo as part of its product branding.

In the first two days of Mapex 2012, the bank received 30 applications for its various credit cards.

"The credit card applicants are also eligible for our ongoing 'Happy Gold Rush' lucky draw," Azmi said.

He said during the expo, BSN offered potential property buyers a zero entry cost financing facility.

The bank also offers second generation financing or loans, and second charge to govern-ment financing.

"The second generation financing is for those who are reaching prime age, while the second charge to the government financing is for those who secured government loans but find that it is not enough.

"So, they can come to us and apply for the additional amount that they need to borrow under the second charge," he said.

Mapex 2012 is organised by the Real Estate and Housing Developers' Association Malaysia.

Friday, March 2, 2012

PruBSN teams up with KFH

Source From (The Sun Daily): http://www.thesundaily.my/news/310919

Posted on 1 March 2012 - 10:56pm

PREMALATHA JAYARAMAN
sunbiz@thesundaily.com

KUALA LUMPUR (March 1, 2012): Prudential BSN Takaful Bhd (PruBSN) has teamed up with Kuwait Finance House (Malaysia) Bhd to distribute its takaful products.

PruBSN CEO Azim Mithani said PruBSN aims to grow its market share in the local takaful industry through the partnership, but did not give figures.

As at Sept 30, 2011, PruBSN holds a 27% share of the takaful market with RM158.9 million annual contribution equivalent.

"We are positive about the outlook of the takaful industry," Azim told reporters after the signing of a memorandum of understanding between PruBSN and KFH Malaysia today.

He said the takaful sector grew at a compound annual growth rate of 27% in terms of net contributions in the past five years, led by family takaful certificates.

Family takaful lines grew by 28% between 2005 and 2010 and now represent more than 80% of Malaysia's takaful market.

Under the partnership, Azim said PruBSN will provide a wide range of products and services to KFH Malaysia's customers, with the first phase focused on credit-related plans. The range will be gradually widened to include protection and savings plans.

Azim said PruBSN will introduce new products, especially in life and healthcare, in the second and third quarters of this year.

PruBSN is a partnership between Bank Simpanan Nasional and Prudential Plc in the ratio 51:49.

PruBSN inks takaful deal with KFH

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/MOU1/Article/

KUALA LUMPUR: Prudential BSN Takaful Bhd (PruBSN) is optimistic that its takaful market share will increase significantly following its partnership with Kuwait Finance House (Malaysia) Bhd (KFH Malaysia).

"We are confident that this partnership will strengthen our already strong franchise and enhance the experience of KFH Malaysia's customers," said its chief executive officer Azim Mithani after signing a memorandum of understanding with KFH Malaysia here yesterday.

As of third quarter 2011, the firm controlled a 27 per cent share of the takaful sector with RM158.9 million in annual contribution.

"We will work with KFH Malaysia to determine specific products to bring to its customers," he said, noting that the takaful house was planning to launch new products and services in the second and third quarters of this year.

Also present at the event were KFH Malaysia chief executive officer Datuk Jamelah Jamaluddin, KFH Malaysia head of retail and commercial banking Mohamed Iqbal Mohamed Iqbal and PruBSN chief partnership distribution officer Sharul Shahriman Azlan

Read more: PruBSN inks takaful deal with KFH http://www.btimes.com.my/Current_News/BTIMES/articles/MOU1/Article/#ixzz1nvqnLjxA

PruBSN mahu agresif kuasai pasaran takaful

PRUDENTIAL BSN Takaful Bhd (PruBSN), pengendali takaful kedua terbesar negara, merancang memperluaskan penguasaannya dalam pasaran takaful secara lebih agresif mulai tahun ini dengan menumpu kepada pembangunan segmen bancatakaful.

Source From (Berita Harian): http://www.bharian.com.my/bharian/articles/PruBSNmahuagresifkuasaipasarantakaful/Article
Oleh Ahmad Farizal Hajat

Ketua Eksekutifnya, Azim Mithani berkata, langkah itu dilihat mampu merealisasikan hasrat syarikat usaha sama antara Bank Simpanan Nasional (BSN) dan Prudential PLC itu untuk muncul sebagai penyedia penyelesaian kewangan berlandaskan syariah lengkap bertaraf dunia.

Bancatakaful adalah cara pengedaran produk takaful dan produk kewangan menerusi rangkaian cawangan bank dan biasanya ia membabitkan kerjasama strategik antara pengendali takaful dan bank yang terbabit.

Meskipun ia masih baru di negara ini, namun bancatakaful dijangkakan menjadi penjana pertumbuhan industri takaful pada masa depan, sama seperti industri insurans yang berkembang melalui bancassurance.

Bagi tujuan itu, Azim berkata, PruBSN akan mengadakan lebih banyak kerjasama strategik dengan institusi kewangan terpilih, sekali gus memberi kelebihan ke-pada syarikat itu dari segi akses mudah kepada asas pelanggan milik institusi kewangan berkenaan.

“PruBSN melihat bancatakaful sebagai platform yang boleh menawarkan nilai menarik buat kami meneroka dan memanfaatkan sepenuhnya pelanggan yang dimiliki sesebuah bank.

“Menerusinya ia akan menyediakan akses mudah selain dapat membantu kami memenuhi setiap segmen sasaran pelanggan dengan lebih berkesan,” katanya pada media selepas mewakili PruBSN memeterai perjanjian persefahaman dengan Kuwait Finance House (Malaysia) Bhd (KFH Malaysia) di Kuala Lumpur, semalam.

Perjanjian itu adalah bagi membentuk kerjasama strategik dalam aktiviti pengedaran produk takaful. Pada majlis itu, KFH Malaysia diwakili Ketua Eksekutifnya, Datuk Jamelah Jamaluddin.

Sebagai permulaan, kerjasama itu akan memperlihatkan KFH Malaysia terbabit dalam aktiviti khidmat nasihat dan pemasaran pelan berkaitan kredit PruBSN kepada pelanggan KFH Malaysia.

Sementara itu, Azim berkata, PruBSN juga berhasrat menjadi pengendali perkhidmatan takaful utama di negara ini pada masa depan melalui langkah peningkatan kualiti produknya.

Beliau berkata, syarikat itu yang kini menguasai 27 peratus pasaran takaful tempatan, kekal yakin dengan potensinya dalam mempertingkatkan penguasaan walaupun baru ditubuhkan enam tahun lalu.

MIDF Grants RM6 Billion In Loans To Manufacturing Sector

KOTA KINABALU, Feb 29 (Bernama) -- Malaysian Industrial Development Finance Bhd (MIDF) has granted about RM6 billion in loans to the manufacturing sector nationwide for the past five decades.

Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=648965
February 29, 2012 19:31 PM

Head of Sabah MIDF, Jackson Phan Kah Boon, said of this, about 10 per cent, or RM600 million, of the loans were given to Sabahans.

Phan said he was happy that Sabahans also benefited from MIDF's financing facilities.

He said MIDF was established in 1960 and along the way it concentrated on manufacturing sector and recently it also focused on services segment.

-- BERNAMA

MIDF grants RM6b loans to manufacturing sector

Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/3/1/business/10833474&sec=business

KOTA KINABALU: Malaysian Industrial Development Finance Bhd (MIDF) has granted about RM6bil in loans to the manufacturing sector nationwide for the past five decades.

Head of Sabah MIDF Jackson Phan Kah Boon said of this, about 10% , or RM600mil, of the loans were given to Sabahans.

Phan said he was happy that Sabahans also benefited from MIDF's financing facilities.

He said MIDF was establised in 1960 and along the way it concentrated on the manufacturing sector and recently it also focused on services segment.

“In terms of services sector, we widen our coverage to the industrial sector or professionals such as medical field, printing companies as well as accounting and service advisories,” he told reporters during the International Trade and Industry Ministry and media get-together session yesterday.

He said the manufacturing sector produced mostly semi-finished and finished products.

As for Sabah, Jackson said the focus was on finished timber products and plastic products. “We are not just concentrating on manufacturers within the Kota Kinabalu Industrial Park but also in other townships in Sabah,” he said.

Among the types of loans available from MIDF are for purchase of industrial land and factory building, commercial shop-lots, machinery, industrial equipment, information technology equipment, commercial vehicles and working capital financing. Bernama

Agrobank reward

Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/jrace/Article/


KUALA LUMPUR: It pays to keep your money in Agrobank.

That's what Sabaruddin Alias found out when he was named the grand prize winner of the "Kempen Berbaloi Agrobank".

The 52-year-old fish rearer walked away with a RM250,000 Mercedes Benz C200.

Sabaruddin, from Jerantut, Pahang, has been an Islamic account-holder since 1983 when the bank was known as Bank Pertanian.

"I didn't expect this. It's a wonderful surprise. I will keep and use this car for my own use," he said when met at the prize presentation ceremony here yesterday.

Present at the event was Agrobank chief executive officer (CEO) Wan Mohd Fadzmi Wan Othman.

Wan Mohd said the bank rewards its customers annually through various programmes and contests.

He said it had experienced an increase in the number of account-holders following the campaign, which was held from May 1 till October 31 last year.

"We managed to garner a total of 86,538 accountholders during the competition. Of this, 20,311 were new account-holders. They had deposited a total of RM119.6 million with us," Wan Mohd said.

Deposit Agrobank naik 20% setahun

News From : http://www.hmetro.com.my/myMetro/articles/DepositAgrobanknaik20_setahun/Article/index_html

Oleh Sri Ayu Kartikawati Amri
kartika@hmetro.com.my


AGROBANK Berhad akan sentiasa mempelbagai dan menambah baik barisan produknya termasuk menganjurkan pelbagai kempen dan promosi bagi menarik serta memenuhi kehendak pelanggan.

Presiden dan Ketua Pegawai Eksekutifnya, Wan Mohd Fadzmi berkata, kempen dan promosi berjaya meningkatkan jumlah pelanggan baru yang mana Kempen Berbaloi Agrobank bermula 1 Mei hingga 31 Oktober 2011 lalu mendapat sambutan menggalakkan dan menarik 86,538 pendeposit baru dengan jumlah simpanan sebanyak RM119.61 juta.


“Kempen Berbaloi Agrobank 2011 adalah kempen deposit Islamik berkos rendah di mana penyertaan terbuka kepada pemegang akaun simpanan baru dan sedia ada. Selain hadiah utama kereta Mercedes Benz C200, Agrobank juga menawarkan hadiah barangan kemas bernilai RM2,500, Sijil Simpanan Tetap bernilai RM1,000 dan wang tunai RM500.

“Kami akan menganjurkan kempen baru tahun ini sebagai menghargai sokongan pelanggan Agrobank dengan tawaran hadiah yang lumayan,” katanya pada majlis penyampaian hadiah kepada pemenang utama Kempen Berbaloi Agrobank di Kuala Lumpur, semalam.


Menurutnya, pelbagai inisiatif dilaksanakan bagi mempromosikan produk Agrobank ke seluruh negara dan antaranya melalui Skuad Terjah Agrobank yang bergerak ke seluruh pelosok negeri.


Beliau berkata, kempen seumpama itu membuktikan kesungguhan dan komitmen Agrobank dalam menyediakan asas bagi memaju serta merangsang pertumbuhan deposit supaya terus mampan di masa depan.

Agrobank juga mencatatkan peningkatan 20 peratus bagi pertumbuhan depositnya setiap tahun dan akan berusaha untuk mengekalkan pertumbuhan dari tahun ke tahun. Untuk mengetahui mengenai produk Agrobank seperti perbankan korporat, komersial, konsumer dan perkhidmatan deposit boleh melayari www.agrobank. com.my atau berkunjung mana-mana cawangan Agrobank di seluruh negara.