Facts
Monday, 30 August 2010
The Financial Services sector has increased its share in GDP from 9.2% in 2000 to 11% in 2008. Over the last three years, the growth in the finance... Read more...
ICT
Monday, 30 August 2010
Connectivity in Malaysia is not high: broadband penetration is below that of Poland, the Czech Republic, Greece and Hungary. Between 2007 and 2012,... Read more...
Monday, 30 August 2010
Malaysia has the opportunity to create an additional value of about RM9-11 billion over the next decade, which contributes approximately 12.1% to the... Read more...
Monday, 30 August 2010
Less than 1 % of all energy in Malaysia is renewable. Only 2/3 of the population of East Malaysia is connected to the state energy grid.The... Read more...
Thursday, 22 July 2010
Less than 1 % of all energy in Malaysia is renewable Only 2/3 of the population of East Malaysia is connected to the state energy grid net The... Read more...

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EACA

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FMM

MGCC

MIER
 

Surveys

Survey on virtual banks - the future "local bank

A recent report by Deloitte's Centre for Banking Solution suggested that Generation Y (Gen Y, born from 1980-1992) customers will be the biggest segment for the banking industry to tap into, as Gen Y is positioned to become the wealthiest generation to date. In addition, the decline of the traditional customers' influence in the financial sector, as most near their retirement, prefer low-risk investment and financial decisions, is testament to the banking industry needing to stay current.

Two key trends observed in the Cisco survey include the preference of Gen Y consumers for automated video and virtual community based financial advice and greater use of social networks and personal financial management (PFM) tools. The survey also reports that Gen Y consumers require financial advice more so than baby boomers. The survey reported that it would make sense for banks to heighten their Gen Y engagement as more than 33% of Gen Y consumers consider banks to be their preferred channel to receive advice on financial matters. Further, video technology will change the customer interaction, experience and engagament model for the financial services sector as nearly 40% of Gen Y consumers are interested in interacting with an advisor via video, compared to 17% for baby boomers. Cisco reported that the ability to provide an immersive borderless experience that supports high quality video communications and interactions can definitely make banking services more appealing to Gen Y customers.

Forbes Global 2000 Public Listed Companies

It was reported that Malayan Banking Berhad (Maybank) is the country's largest bank in the prestigious list of Forbes Global 2000 Public Listed Companies. Maybank ranked 458 and is within the top 500 of the list in the May 9 issue of Forbes and Forbes Asia. The bank generated sales of USD5.2 billion (RM15.41 billion) as of April 2011, chalked up profits of USD1.2 billion (RM3.56 billion), had assets of USD103.5 billion (RM306.73 billion) and a market value of USD21 billion (RM62.23 billion). Another Malaysian company in the top 500 is CIMB Group Holdings in 465.

JPMorgan Chase is in the No. 1 spot for the second consecutive year as the world's largest company. The list comprises of public companies with the top composite scores based on their rankings for sales, profits, assets and market value.