Maybank is pleased to announce that it has today entered into a conditional sale and purchase agreement (“SPA”) to acquire up to 100% of Sorak Financial Holdings Pte Ltd (“Sorak”) for a cash consideration of approximately USD1.5 billion (RM4.8 billion) paving the way for Malaysia’s largest financial services group to be the controlling shareholder of Bank Internasional Indonesia (“BII”). The transaction price was agreed on a willing-buyer and willing-seller basis.
Sorak is 75%-owned by Financial Fullerton Financial Holdings Pte. Ltd., a wholly owned subsidiary of Temasek Holdings (Private) Limited, and 25%-owned …

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 …

As ever more people use the internet for shopping, business transactions, online banking, etc., the incidence of internet fraud and scams has shot up in an alarming fashion. Not only has the level of internet crime increased but the scammers and fraudsters grow cleverer and more sophisticated every day. What can you do to fight back? In this article I will describe the most common scams of today so that you can recognize them for yourself and I will suggest how you might deal with them. Read on and find …

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 …