BERA: Bank Rakyat has invested RM2.59mil in seven mobile bank service
units to serve the rural areas, including those in Sabah and Sarawak.
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/1/6/nation/20130106154350&sec=nation
Published: January 06, 2013
Source from (The Star Online): http://thestar.com.my/news/story.asp?file=/2013/1/7/nation/12542216&sec=nation
Published: January 07, 2013
Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said, the units would boost the efficiency of banking services.
"The mobile banks can help the public carry out various banking transactions, such as opening savings account, withdrawing money and repayment of loan, and online transaction," he said this after launching a mobile bank service at Felda Bukit Mendi here Sunday.
Also present was Bank Rakyat chairman Tan Sri Sabbaruddin Chik and managing director Datuk Yusoff Abdul Rahman.
Ismail Sabri, who is also Bera Member of Parliament, said the mobile banks had begun operations in Terengganu and Pahang.
"The mobile bank service in Pahang will serve the people in Felda Bukit Mendi, Sebertak, Lanchang and in Kuala Krau," he added. - Bernama
Sunday, January 6, 2013
Bank Rakyat labur RM2.59 juta buka tujuh bank bergerak di luar bandar
BERA: Bank Rakyat melabur RM2.59 juta bagi menyediakan khidmat tujuh
buah bank bergerak untuk kemudahan pelanggan yang tinggal di kawasan
luar bandar termasuk Sabah dan Sarawak.
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Korporat/20130107/ko_04/Bank-Rakyat-perkenal-bank-bergerak
Published: January 07, 2013
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/KaunterbergerakBankRakyat/Article
Published: January 07, 2013
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/BankRakyatlaburRM2_59jutabukatujuhbankbergerakdiluarbandar/Article
Published: January 06, 2013
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-rakyat-labut-rm2-59-juta-buka-tujuh-bank-bergerak-di-luar-bandar-1.118587
Published: January 06, 2013
Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Seri Ismail Sabri Yaakob berkata, perkhidmatan terbaharu bank itu adalah satu lagi inovasi dan kreativiti dalam meningkatkan lagi kecekapan perkhidmatan perbankan kepada rakyat.
"Konsep bank bergerak dan turun padang ini dapat membantu pelanggan dan
orang ramai melakukan pelbagai tranksaksi perbankan seperti membuka
akaun simpanan, pengeluaran tunai, pembayaran pinjaman, khidmat nasihat
perbankan dan sebagainya.
"Bank bergerak ini dilengkapi dengan peranan jalur lebar dan disk satelit bagi menjalankan urusan niaga dalam talian," katanya selepas melancarkan bank bergerak Bank Rakyat di Felda Bukit Mendi, Bera hari ini.
Turut hadir Pengerusi Bank Rakyat, Tan Sri Sabbaruddin Chik dan Pengarah Urusan Datuk Yusoff Abdul Rahman.
Beliau yang juga Ahli Parlimen Bera, berkata perkhidmatan itu juga akan diadakan di Sebertak, Lanchang dan Kuala Krau. - BERNAMA
Source from (Utusan Malaysia): http://www.utusan.com.my/utusan/Korporat/20130107/ko_04/Bank-Rakyat-perkenal-bank-bergerak
Published: January 07, 2013
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/KaunterbergerakBankRakyat/Article
Published: January 07, 2013
Source from (Berita Harian): http://www.bharian.com.my/bharian/articles/BankRakyatlaburRM2_59jutabukatujuhbankbergerakdiluarbandar/Article
Published: January 06, 2013
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-rakyat-labut-rm2-59-juta-buka-tujuh-bank-bergerak-di-luar-bandar-1.118587
Published: January 06, 2013
Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Seri Ismail Sabri Yaakob berkata, perkhidmatan terbaharu bank itu adalah satu lagi inovasi dan kreativiti dalam meningkatkan lagi kecekapan perkhidmatan perbankan kepada rakyat.
"Bank bergerak ini dilengkapi dengan peranan jalur lebar dan disk satelit bagi menjalankan urusan niaga dalam talian," katanya selepas melancarkan bank bergerak Bank Rakyat di Felda Bukit Mendi, Bera hari ini.
Turut hadir Pengerusi Bank Rakyat, Tan Sri Sabbaruddin Chik dan Pengarah Urusan Datuk Yusoff Abdul Rahman.
Beliau yang juga Ahli Parlimen Bera, berkata perkhidmatan itu juga akan diadakan di Sebertak, Lanchang dan Kuala Krau. - BERNAMA
Friday, January 4, 2013
TH Heavy wrapping up 81ha land buy soon?
Business Times was told that an announcement on the matter is expected to be made by as early as next week. "At this point, there are two options on the table. One is for THHE to buy the land directly, while the second option is for Tabung Haji to acquire the land and lease it to THHE," said a person with direct knowledge on the matter.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130103234059/Article/index_html
Published: January 04, 2013
While the land purchase is not expected to draw market interest, the rationale behind the purchase could put THHE on investors' radar.
It is understood that THHE plans to set up an offshore oil and gas fabrication yard in Port Klang to help service the needs of national oil and gas company, Petroliam Nasional Bhd.
"Since MISC Bhd scaled down its oil and gas fabrication business, Petronas needs to fill the vaccum," said the source.
In 2008, MISC, via its unit MSE Holdings Sdn Bhd, aborted a proposed RM3.2 billion reverse takeover THHE, "due to unsatisfactory due diligence findings".
Meanwhile, Business Times was told by a person familiar with the inner workings of the THHE board of directors that there could be changes soon in the company's directors line-up.
"The potential new investors in THHE have asked for board representation in the company as they intend to help it become the country's top fabrication firm," said the source.
Late last year, McDermott International Inc of the US formalised a joint venture to provide a broad spectrum of marine construction services to the Malaysian and Asia Pacific- offshore oil and gas industries.
The agreement could see a 30 per cent share swap between Berlian McDermott Sdn Bhd, the local arm of McDermott International, and TH Fabricators Sdn Bhd in a deal worth US$25.4 million (RM77 million).
The agreement also includes the formation of two local companies offering engineering, procurement and project management services, in which McDermott and THHE will have equal ownership.
The deal, however, will have to be approved by THHE investors at an extraordinary shareholders meeting, which is expected to take place as early as next month.
Since the upliftment of its Practice Note 17 status three months ago, THHE and its partners have bagged a job worth US$289.46 million (RM877 million) from India's state-owned Oil and Natural Gas Corp Ltd.
It is estimated that THHE currently has an order book of RM200 million, while jobs it has tendered for stand at between RM1.2 billion and RM1.4 billion.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130103234059/Article/index_html
Published: January 04, 2013
While the land purchase is not expected to draw market interest, the rationale behind the purchase could put THHE on investors' radar.
It is understood that THHE plans to set up an offshore oil and gas fabrication yard in Port Klang to help service the needs of national oil and gas company, Petroliam Nasional Bhd.
"Since MISC Bhd scaled down its oil and gas fabrication business, Petronas needs to fill the vaccum," said the source.
In 2008, MISC, via its unit MSE Holdings Sdn Bhd, aborted a proposed RM3.2 billion reverse takeover THHE, "due to unsatisfactory due diligence findings".
Meanwhile, Business Times was told by a person familiar with the inner workings of the THHE board of directors that there could be changes soon in the company's directors line-up.
"The potential new investors in THHE have asked for board representation in the company as they intend to help it become the country's top fabrication firm," said the source.
Late last year, McDermott International Inc of the US formalised a joint venture to provide a broad spectrum of marine construction services to the Malaysian and Asia Pacific- offshore oil and gas industries.
The agreement could see a 30 per cent share swap between Berlian McDermott Sdn Bhd, the local arm of McDermott International, and TH Fabricators Sdn Bhd in a deal worth US$25.4 million (RM77 million).
The agreement also includes the formation of two local companies offering engineering, procurement and project management services, in which McDermott and THHE will have equal ownership.
The deal, however, will have to be approved by THHE investors at an extraordinary shareholders meeting, which is expected to take place as early as next month.
Since the upliftment of its Practice Note 17 status three months ago, THHE and its partners have bagged a job worth US$289.46 million (RM877 million) from India's state-owned Oil and Natural Gas Corp Ltd.
It is estimated that THHE currently has an order book of RM200 million, while jobs it has tendered for stand at between RM1.2 billion and RM1.4 billion.
Wednesday, January 2, 2013
BPMB to retain RM100m dividend payout to govt
BANK Pembangunan Malaysia Bhd (BPMB) does not expect to do as good in 2012 as it did the year before due to some impairment charges, but a dividend payout of RM100 million to the government will likey be maintained.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/devb/Article/
Published: January 02, 2013
Its president/managing director Datuk Zafer Hashim said even though loan approvals for 2012 were very high at RM5 billion, for projects under the Economic Transformation Programme, the bank will still not be able to match its earnings in 2011.
"We'd be making slightly lower profit in 2012 but it must be said that as a development bank, financial targets are not our sole Key Performance Indicators (KPI) but more so whether we have carried out our mandate to assist the government in pursuing its development agenda," he said.
He said a dividend payout of RM100 million in the last 3 years to the government is one KPI the bank is proud of with another being able to play its role as a catalyst for the concept of Private Finance Initiative (PFI) in Malaysia, a new financing approach which most commercial banks prefer to shy away from.
"The fact that we have been a catalyst for PFI projects we can be
proud that to a certain extent we have assisted the govt in actually
movoing forward one (of its) development agenda. That is a KPI on its
own," Zafer said , here recently.
BPMB made a net profit of RM462 million in the financial year ended December 31 2011 from RM369 million in 2011 on higher loans to government-backed projects.
He said 2012's earnings will be impacted by impairment charges of RM120 million on its investments on the mid-range chemical tankers through its subsidiary Global Maritime Ventures Bhd.
"The tanker market has been depressed for the last few years and we do not see a turnaround in 2013 either," he said adding that the bank is also doing some provisioning for some legacy account.
A 10.5 per cent gross non-performing loans (NPL) is expected in 2012 from 12 per cent in 2011 while this year, the bank is targeting it to go down to 8.8 per cent.
Zafer said had it not been for the adoption of new provisioning policy under a new accounting standard called FRS 139, the bank's gross NPL would have stood at 4 per cent.
(FRS 139 calls for an annual account assesment whether or not borrowers have paid or not which leads to a higher number of provisions).
On the amount of loans the bank has approved inn 2012, he said :
"Thanks to the ETP projects, our approval side has been good and we expect to close the year at about RM5 billion which cut across all our main four sectors, infrastructure, maritime, oil and gas and technology."
Infrastructure however remained BPMB's main sector which constitutes more than 60 per cent of its loan portfolio, followed by oil and gas and maritime sectors.
Technology sector, said Zafer has been somewhat slow despite government's push on green technology with the take-up rate for the Green Tech Fund has been slow.
He conceded that it's not easy for banks to approve loans for technology sector even under the Green Tech fund, primarily due to its "greenfield" nature.
"There are a lot of projects that can be technologically viable but it takes greater discipline for that project to be commercially bankable," said Zafer adding that technology projects usually need a robust analysis of risks to see their bankability.
On PFI projects, he said the bank has approved some RM2.5 million of loans over the last 2 years and the bank, he said "takes pride for being a major catalyst of PFI."
He explained that being involved in PFI projects is not an easy task as the financier is also the quasi-developer of the project.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/devb/Article/
Published: January 02, 2013
Its president/managing director Datuk Zafer Hashim said even though loan approvals for 2012 were very high at RM5 billion, for projects under the Economic Transformation Programme, the bank will still not be able to match its earnings in 2011.
"We'd be making slightly lower profit in 2012 but it must be said that as a development bank, financial targets are not our sole Key Performance Indicators (KPI) but more so whether we have carried out our mandate to assist the government in pursuing its development agenda," he said.
He said a dividend payout of RM100 million in the last 3 years to the government is one KPI the bank is proud of with another being able to play its role as a catalyst for the concept of Private Finance Initiative (PFI) in Malaysia, a new financing approach which most commercial banks prefer to shy away from.
 |
BPMB made a net profit of RM462 million in the financial year ended December 31 2011 from RM369 million in 2011 on higher loans to government-backed projects.
He said 2012's earnings will be impacted by impairment charges of RM120 million on its investments on the mid-range chemical tankers through its subsidiary Global Maritime Ventures Bhd.
"The tanker market has been depressed for the last few years and we do not see a turnaround in 2013 either," he said adding that the bank is also doing some provisioning for some legacy account.
A 10.5 per cent gross non-performing loans (NPL) is expected in 2012 from 12 per cent in 2011 while this year, the bank is targeting it to go down to 8.8 per cent.
Zafer said had it not been for the adoption of new provisioning policy under a new accounting standard called FRS 139, the bank's gross NPL would have stood at 4 per cent.
(FRS 139 calls for an annual account assesment whether or not borrowers have paid or not which leads to a higher number of provisions).
On the amount of loans the bank has approved inn 2012, he said :
"Thanks to the ETP projects, our approval side has been good and we expect to close the year at about RM5 billion which cut across all our main four sectors, infrastructure, maritime, oil and gas and technology."
Infrastructure however remained BPMB's main sector which constitutes more than 60 per cent of its loan portfolio, followed by oil and gas and maritime sectors.
Technology sector, said Zafer has been somewhat slow despite government's push on green technology with the take-up rate for the Green Tech Fund has been slow.
He conceded that it's not easy for banks to approve loans for technology sector even under the Green Tech fund, primarily due to its "greenfield" nature.
"There are a lot of projects that can be technologically viable but it takes greater discipline for that project to be commercially bankable," said Zafer adding that technology projects usually need a robust analysis of risks to see their bankability.
On PFI projects, he said the bank has approved some RM2.5 million of loans over the last 2 years and the bank, he said "takes pride for being a major catalyst of PFI."
He explained that being involved in PFI projects is not an easy task as the financier is also the quasi-developer of the project.
Bank Rakyat kukuh kedudukan di Nusajaya
BANK Rakyat mengukuhkan kedudukan dengan membuka cawangan yang ke-140 diNusajaya, sekali gus menjadi cawangan ke-15 di Johor.
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-rakyat-kukuh-kedudukan-di-nusajaya-1.117173
Published: January 02, 2013
Bank Rakyat menawarkan pelbagai produk dan kemudahan Perbankan Islam kepada orang ramai seperti akaun simpanan-i nuri, akaun simpanan-i tawfir, akaun deposit-i makeen, pajak gadai-i ar- rahnu / az-zahab, pembiayaan peribadi- i 1Aslah, pembiayaan sewa beli-i, kad kredit-i, kemudahan pembayaran pelbagai bil utiliti, pembayaran zakat, perkhidmatan Tabung Haji serta kiriman wang Western Union.
Sepanjang tahun ini, Bank Rakyat telah membuka enam cawangan baru iaitu di Kerteh (Terengganu), Kota Marudu dan Putatan (Sabah), Cyberjaya (Selangor), Desa Sri Hartamas (Kuala Lumpur) dan terbaru di Nusajaya (Johor).
Bank Rakyat turut menjalankan Kempen Simpan dan Menang di mana pelanggan hanya perlu membuat simpanan serendah RM500.00 (akaun simpanan- i)/RM1,000.00 (akaun deposit-i).
Manakala, Kempen Mega Langgan dan Menang yang turut menawarkan hadiah-hadiah lumayan seperti sebuah Proton Preve, dengan hanya perlu melanggan mana-mana produk pembiayaan seperti pembiayaan sewa beli-i, pembiayaan mikro-i, pajak gadai-i, akaun simpanan-i serta produk deposit.
Source from (Sinar Online): http://www.sinarharian.com.my/bisnes/bank-rakyat-kukuh-kedudukan-di-nusajaya-1.117173
Published: January 02, 2013
Bank Rakyat menawarkan pelbagai produk dan kemudahan Perbankan Islam kepada orang ramai seperti akaun simpanan-i nuri, akaun simpanan-i tawfir, akaun deposit-i makeen, pajak gadai-i ar- rahnu / az-zahab, pembiayaan peribadi- i 1Aslah, pembiayaan sewa beli-i, kad kredit-i, kemudahan pembayaran pelbagai bil utiliti, pembayaran zakat, perkhidmatan Tabung Haji serta kiriman wang Western Union.
Sepanjang tahun ini, Bank Rakyat telah membuka enam cawangan baru iaitu di Kerteh (Terengganu), Kota Marudu dan Putatan (Sabah), Cyberjaya (Selangor), Desa Sri Hartamas (Kuala Lumpur) dan terbaru di Nusajaya (Johor).
Bank Rakyat turut menjalankan Kempen Simpan dan Menang di mana pelanggan hanya perlu membuat simpanan serendah RM500.00 (akaun simpanan- i)/RM1,000.00 (akaun deposit-i).
Manakala, Kempen Mega Langgan dan Menang yang turut menawarkan hadiah-hadiah lumayan seperti sebuah Proton Preve, dengan hanya perlu melanggan mana-mana produk pembiayaan seperti pembiayaan sewa beli-i, pembiayaan mikro-i, pajak gadai-i, akaun simpanan-i serta produk deposit.
Anak Jasa Aims To Market 'Tok Ma' Curry Nationwide Next Year
KUALA TERENGGANU, Dec 31 (Bernama) -- Anak Jasa (M) Sdn Bhd, which produces various curry mix under 'Tok Ma' brand, aims to market its products nationwide next year.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=918697
Published: January 02, 2013
Its production director Salehah Mohammad, 65, said although the company, which operates on a small scale and has established a foundation for the last 10 years, the time is now ripe for it to spread its wings further.
Anak Jasa's products are currently marketed in Shah Alam, Selangor and its vicinity, and are also available in several supermarkets around Terengganu.
"We are targeting to market Tok Ma curry throughout the country once we have obtained encouraging feedback from consumers.
"Nevertheless, it's not easy to build a base nationwide and we are in the process of getting help from certain parties," she told Bernama.
Salehah is confident of achieving her objective to market the curry throughout the nation with the support of her children.
Her confidence was boosted when the SME Bank provided her company an RM80,000 loan to finance the purchase of equipment.
With the grant, the company was able to increase its production. Its factory now has the capability of producing 5,000 packets of curry mix daily while sales has breached RM30,000 annually.
Anak Jasa now produces six types of curry powder including meat, chicken and fish curry mix, which retails at RM1 for 25 gram packet and RM4 for 150 gram.
-- BERNAMA
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=918697
Published: January 02, 2013
Its production director Salehah Mohammad, 65, said although the company, which operates on a small scale and has established a foundation for the last 10 years, the time is now ripe for it to spread its wings further.
Anak Jasa's products are currently marketed in Shah Alam, Selangor and its vicinity, and are also available in several supermarkets around Terengganu.
"We are targeting to market Tok Ma curry throughout the country once we have obtained encouraging feedback from consumers.
"Nevertheless, it's not easy to build a base nationwide and we are in the process of getting help from certain parties," she told Bernama.
Salehah is confident of achieving her objective to market the curry throughout the nation with the support of her children.
Her confidence was boosted when the SME Bank provided her company an RM80,000 loan to finance the purchase of equipment.
With the grant, the company was able to increase its production. Its factory now has the capability of producing 5,000 packets of curry mix daily while sales has breached RM30,000 annually.
Anak Jasa now produces six types of curry powder including meat, chicken and fish curry mix, which retails at RM1 for 25 gram packet and RM4 for 150 gram.
-- BERNAMA
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