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  • Bloomberglast year

    Maybank's Asia Investment Banking Head Leaves After Four Years

    Giles Ong, Malayan Banking Bhd.’s head of Asia investment banking, is leaving after building the advisory business beyond the lender’s home market during his four-year tenure.

  • Bloomberg2 years ago

    Malaysia Has New Stock Leader in Tenaga: Chart of the Day

    Tenaga Nasional Bhd. (TNB) is poised to overtake Malayan Banking Bhd. (MAY) as Malaysia’s biggest company by market value as the electricity generator benefits from a plunge in coal prices. The CHART OF THE DAY shows the market capitalization of Tenaga briefly surpassed Malayan Banking for the first time in five years on Jan. 12. The power producer has rallied 15 percent in the past three months, increasing its market value to 81.8 billion ringgit ($22.6 billion), while Maybank, as Malaysia’s biggest lender is known, sank 8.5 percent to 82.7 billion ringgit. Tenaga has turned into one of Malaysia’s biggest stock-market winners as prices of coal, a main source of feedstock to generate electricity, tumble to an eight-year low amid a wider rout in commodities.

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