Mon04272015

LAST_UPDATEMon, 27 Apr 2015 9am

EPF To Move Away From Conventional Funds

KUALA LUMPUR: The Employee Provident Fund (EPF), which has embarked on an initiative to offer shariah compliant investment option for its members as of 2017, plans to move away from a conventional structure to offering options and different types of funds in the future.

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HSBC Considers Moving Back To Hong Kong

LONDON — HSBC, Europe’s biggest bank, is weighing plans to spin off its British retail bank in a £20 billion (RM108.54 billion) deal, the Sunday Times reported.

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Seven In 10 Greeks Want A Debt Deal, Survey Shows

ATHENS — Seven out of ten Greeks want their leaders to reach an agreement with their creditors as the country’s debt drama drags on, but almost a quarter back leaving the EU, a survey published today showed.

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PKNS To Produce More Young Entrepreneurs

SHAH ALAM -- The Selangor State Development Corporation (PKNS) aims to produce more entrepreneurs among the younger generation via its Pioneer Entrepreneur and Tunas Niaga (Protune) programmes.

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ASEAN Should Step-Up Engagement With EU, Says Mustapa

KUALA LUMPUR -- ASEAN should step up its engagement with the European Union (EU) to further boost bilateral relationship between the two blocs, Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said today.

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ASEAN Could Remove Non-Tariff Barriers

KUALA LUMPUR: Asean members in the fields where they are competitive but not in the areas that could undermine their development, can remove non-tariff barriers, a banker said.

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New Rules To Check Money Laundering, Terror Financing In Singapore

A woman eats her lunch from a food box while monitoring stock market prices inside a brokerage in Taipei, Taiwan, April 24, 2015. — Reuters picSINGAPORE — The Republic has toughened its stance against money laundering and the financing of terrorism with new measures to detect illicit funds and greater scrutiny of customers who may have ties to shadowy organisations.

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Nikkei: Sony Raises FY15 Profit Forecast To ¥300b

Visitors walk past a logo of Sony Corp at its headquarters in Tokyo February 4, 2015. — Reuters picTOKYO — Japanese consumer electronics firm Sony Corp has raised its operating profit estimate for fiscal 2015 to ¥300 billion (RM9.02 billion), or four times its previous estimate, the Nikkei reported today.

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‘Monetary Policy Based On Domestic Consideration’

KUALA LUMPUR: Bank Negara governor Tan Sri Zeti Akhtar Aziz said any changes in Malaysia's monetary policy will be based on domestic consideration while stressing that the economy is still staying on a steady growth path.

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Britain’s 25 Richest Hedge Fund Managers Include 7 Billionaires

LONDON — Britain's top-25 richest hedge fund managers' wealth rose by £1.8 billion (RM9.73 billion) to £14.8 billion over the past year, the Sunday Times Rich List showed.

Read more: Britain’s 25 Richest Hedge Fund Managers Include 7 Billionaires