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CIMB holds first meeting between Guan Eng, fund managers
Last update: 08/06/2018

KUALA LUMPUR, June 8 (Bernama) -- CIMB†Group Holdings Bhd yesterday hosted its inaugural meeting between†Finance Minister Lim Guan Eng and top Malaysian fund managers.

In his Instagram account,†Group Chief Executive Officer Tengku Datuk Seri Zafrul Aziz uploaded some photos with captions such as†"engaging with the investment community in a transparent manner is vital to promote market confidence and good governance".

The photos received some 763 likes.

The bank recently reported a higher net profit in the first quarter ended March 31, 2018 on lower operating expenses and a decline in loan loss provisions.

At 10.12 am, shares of CIMB†fell eight sen to RM6.26 with 2.1 million shares transacted.



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Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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