Hong Kong group sets up bank in Malaysia
Malaysia's Nazem Niaga Sdn Bhd has signed a memorandum of
understanding (MoU) with Hong Kong Royalty International Group Ltd to
set up a full-fledged commercial bank in Malaysia and a correspondent
bank in China , reported Bernama.
Malaysia's Nazem Niaga Sdn Bhd has signed a memorandum of
understanding (MoU) with Hong Kong Royalty International Group Ltd to
set up a full-fledged commercial bank in Malaysia and a correspondent
bank in China , reported Bernama.
The MoU was signed on April 10 by Nazem Niaga Chairman Datuk Seri Prof Diraja Siyed Abdul Rahman Siyed Osman Al-Attas and Hong Kong Royalty International Chairman Datuk Tan Thian Lai and President Yin Xu Guang.
The bank, expected to be launched next month, aims to spearhead business between Malaysia and China .
The bank, which has already been established but not yet running, has been licensed by Bank Negara Malaysia, with initial minimum investment of 30 billion USD invested by Hong Kong Royalty International Group.-VNA
The MoU was signed on April 10 by Nazem Niaga Chairman Datuk Seri Prof Diraja Siyed Abdul Rahman Siyed Osman Al-Attas and Hong Kong Royalty International Chairman Datuk Tan Thian Lai and President Yin Xu Guang.
The bank, expected to be launched next month, aims to spearhead business between Malaysia and China .
The bank, which has already been established but not yet running, has been licensed by Bank Negara Malaysia, with initial minimum investment of 30 billion USD invested by Hong Kong Royalty International Group.-VNA
You should also see
Can Tho urged to mobilise all resources for master plan realisation
Prime Minister Pham Minh Chinh on December 10 asked the Mekong Delta city of Can Tho to mobilise all possible resources to successfully implement its master plan for the 2021-2030 period, with a vision to 2050.
See more
World
Suspect behind Philippine bombing arrested
One suspect in a fatal bombing in Mindanao state, the Philippines, which killed four people and injured at least 50 others, was arrested and is now under the custody of authorities, the Armed Forces of the Philippines (AFP) said on December 8.
World
Indonesia considers visa waivers for 20 countries, territories
The Indonesian government is considering granting visa-free entry to nationals of 20 countries and territories, aiming to attract more foreign visitors and promote economic growth.
World
Thailand’s consumer confidence reaches 45-month high
Thailand's consumer confidence rose for a fourth straight month in November, hitting the highest level in 45 months, driven largely by the government's policies to reduce the cost of living and economic stimulus measures.
World
ADB approves 200-million-USD loan for Philippine infrastructure projects
The Asian Development Bank (ADB) said on December 8 that it has approved a loan of 200 million USD to support the Philippines in delivering high-quality, inclusive, climate-resilient, and low-carbon public infrastructure.
World
Experts warn of year-end rise in COVID-19 cases in Malaysia, Thailand
Malaysian Health Minister Minister Dr Zaliha Mustafa on December 8 warned that there is an increase in cases of COVID-19 reported globally, including in Malaysia, in line with the trend that occurs at the end of each year.
