Malaysian stocks tumbled the most in a decade today with government-linked companies hardest hit after the weekend’s political upsets.
At 2:58pm, trading was stopped for an hour as the Kuala Lumpur Composite Index (KLCI) fell 130.01 points to 1,166.32, from the previous day’s closing level 1,296.33 - about 10.03 percent.
Trading resumed at 3:58pm, and the stock market recovered slightly.
After it closed for the day at 5pm at 1,117.2, a drop of 123.11 or 9.5 percent.
This was the biggest one-day percentage loss in recent years. The turnover was valued at RM2.47 billion.
State-owned …

Maybank today officially opened its AEON Bukit Tinggi branch, the first branch at AEON Bukit Tinggi Shopping Centre and simultaneously launched the country’s first instant redemption facility Treatspoints for Jusco shopping vouchers at the branch. The Treatspoints redemption will be available from March 15, 2008.
AEON Bukit Tinggi, Malaysia’s largest AEON Shopping Centre, also houses the largest Jusco store in South East Asia.
Maybank AEON Bukit Tinggi branch is Maybank’s fifth branch located in a shopping complex offering a complete range of services and facilities to cater to customers of the …

Appointment of Dato’ Sri Abdul Wahid Omar As Successor
Maybank Group wishes to announce the retirement of its President and Chief Executive Officer, Datuk Amirsham A. Aziz, aged 57, effective …

Sandakan, 11 January 2008 - The Alliance Financial Group is entrenching its presence and underscoring its commitment to Sabah through the transformation of two of its existing branches to better serve the community in Sabah.
Alliance Financial Group Chief Executive Officer, Datuk Bridget Lai, today officially opened the Bank’s newly renovated branches located at Jalan Tiga, Sandakan town centre, and at Mile 4 ½, Jalan Utara, Bandar Kim Fung.
“Alliance Bank has a strong presence in Sabah and we have grown together with the state and its people, meeting their needs every …