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Complete ASEAN footprint strengthens Group's regional customer value proposition

KUALA LUMPUR, Nov 17 (Bernama) -- CIMB Group ("CIMB" or "the Group") on 16 November 2017 has announced that its subsidiary, CIMB Bank Berhad ("CIMB Bank"), has received approval from the Monetary Board of the Bangko Sentral ng Pilipinas to operate a branch in the Republic of the Philippines. The first retail branch is expected to be fully operational by the fourth quarter of 2018.

Following the banking sector liberalisation in 2014, CIMB Bank is the first Malaysian banking group to be granted BSP's approval to operate under Republic Act No. 10641, an act that allows the entry of foreign banks into the Philippines through the establishment of wholly-owned operations with full banking authority.


KUALA LUMPUR, Nov 17 (Bernama) -- The investigation is still ongoing and it's premature at this stage for us to make further statements on the matter.

We are, however, confident that heightened security measures and strengthened internal processes will maintain the safety of our customers' transactions.


BNP Paribas to Leverage GTS' Trading Technology to further improve pricing to clients in the secondary market for U.S. Treasuries

This Strategic Collaboration Marks a New Era for Banks and Electronic Market Makers

NEW YORK, Nov 16 (Bernama) -- BNP Paribas, a leading European provider of banking and financial services, and GTS, a New York-based global electronic market maker, today announced a strategic collaboration marking a new era for banks and electronic market makers.

This collaboration will enable BNP Paribas to leverage GTS' trading and technology capabilities with the goal of providing BNP Paribas's clients with deeper liquidity, tighter spreads and further improved pricing in the US Treasuries secondary market.

BNP Paribas, with its strong presence in corporate and institutional banking and its top-ranked position in a number of fixed income and equity markets, and GTS, with its technology and electronic market making capabilities, will leverage their respective strengths to continue to develop the collaboration. Under terms of the strategic collaboration, BNP Paribas will seek to improve the client experience by providing improved pricing in the secondary market for US Treasuries by the addition of GTS liquidity into its pricing framework.

A dedicated team from both firms will leverage a mutually developed technology platform that seeks to provide BNP Paribas with access to greater liquidity, thereby enabling the bank to offer improved execution quality for clients as they trade directly with BNP Paribas.

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Leading hypermarket offers various promotions and activities including investment of RM1 million to benefit 55,000 students from adopted schools

PETALING JAYA, Nov 16 (Bernama) -- Tesco Stores (Malaysia) Sdn Bhd (Tesco Malaysia), the country's leading hypermarket, launched its annual Back-to-School campaign in conjunction with the upcoming school holidays. The campaign features exciting activities for children during the school holidays, while allowing parents the opportunity to shop for all back-to-school needs at Tesco.


Renowned Swedish Golfer the first professional revealed as one of key player attractions

KUALA LUMPUR, Nov 16 (Bernama) -- Maybank today revealed the first International Championship Star player confirmed for the Maybank Championship 2018 event - Henrik Stenson. Currently ranked as the world's No. 9, Stenson bears the reputation of being the only professional golfer to have won both the FedEx Cup and the Race to Dubai in the same year, while his Open Championship victory in 2016 was regarded as one of the finest and most exciting displays seen on the last day of any major championship.

He will compete with 155 talented and leading golfers from around the world at the tournament to be held at Saujana Golf & Country Club from 1st to 4th February 2018, which offers a total prize purse of USD3 million.


SHARJAH, United Arab Emirates, Nov 16 (Bernama) -- The 36th Sharjah International Book Fair (SIBF) concluded on a record-breaking note, attracting 2.38 million visitors over its 11-day run. The world's third largest book fair featured more than 2,600 cultural events, 400 authors and intellectuals, and 1,690 exhibitors from 60 countries, who put up 1.5 million titles on display.

A high volume of purchase books led to total book sales rounding off at USD 56,083,417 (AED 206 million) - 17 percent up compared to 2016. Both footfall and book sales figures for SIBF 2017 are the highest in the fair's 35-year history.


KUALA LUMPUR, Nov 16 (Bernama) -- YB Dato' Mustapa Mohamed, Minister of International Trade and Industry today called on local companies and small and medium-sized enterprises (SMEs) to consider the Internet of Things, or IoT solution as a tool to drive growth.

"I encourage more local companies, SMEs and start-up technopreneurs to explore the adoption and implementation of IoT as a means to add value in their products and services as well as to increase productivity and efficiency towards scaling up their businesses," said the Minister of MITI at the seminar on IoT Malaysia 2017 co-organised by the Malaysian Investment Development Authority (MIDA) and Intel today at MITI.