Financial Roundup: Sep 20, 2016

2018-05-01T11:27:45+08:00By |Roundup|

Today’s roundup on shares pending BoJ & Fed policy meeting, developers loans capped at 6%, debit/credit card pin change, telco & re-insurance



#Equities – Asian shares generally lower as awaiting BoJ & Fed policy meetings ending Wed. KLSE at 1654 down from 1 year high of 1729.



#Properties – “Developers should charge only max 6% for loans” Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar



#Banking – Queues at banks continue to increase with more customers coming in to change their debit/cards w the new pin implementation. Implantation date deadline has been extended though from Jan 1 to Jul 1, 2017 although banks are asking customers to come in.



#Telco – Maxis & DiGi facing possible major shareholder changes. Maxis, DiGi & Axiata face loss of prepaid customers. U Mobile continues to gain market share & allocated new spectrum by Malaysian government.



#Insurance – Reinsurer Lloyd’s looking to setup local presence in Malaysia in Y2017. Currently through service companies in Labuan. Malaysia penetration 1.8% vs developed countries 6.1%.


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