CIMB Bank

Forest City’s revival plans reel in crypto bros - THE EDGE SINGAPORE

Singapore-Malaysia ties

Forest City’s revival plans reel in crypto bros

The Malaysian government is trying to revive the US$100 bil "ghost town" of Forest City with a host of attractive financial incentives. Crypto bros have bitten the bait, will family offices do so too?
StorHub secures $180 mil sustainability-linked loan from CIMB, UOB - THE EDGE SINGAPORE

Sustainability

StorHub secures $180 mil sustainability-linked loan from CIMB, UOB

StorHub’s KPIs are to reduce reduce electricity consumption and obtain LEED green building certification for seven properties.

Corporate moves

CGS-CIMB appoints veteran economist Song Seng Wun as economic advisor

Song, who has more than 30 years of working experience as an economist, is no stranger to the brokerage

Oil & Gas

BP Singapore oil traders placed on leave amid disputed deals

BP Plc has placed some personnel from its Singapore-based crude oil team on leave after they were mentioned in court documents filed in disputes between banks and other trading houses

Disruption and Digitalisation

Pand.ai develops chatbot for CIMB to assist business owners seeking financial relief

CIMB is sporting a new AI to help those seeking financial relief

Banking & finance

Engage client actively to avoid NPL bubble

Malaysia has placed a moratorium on loans to help firms cope with Covid-19, but this could only serve to delay a debt and impaired loan crisis

Disruption and Digitalisation

CIMB announces collaboration to provide e-supply chain financing solutions

SINGAPORE (Nov 15): CIMB Bank Singapore is collaborating e-procurement service provider SESAMi Holding and financing platform Capital Match to bring cost-effective e-supply chain financing solutions to the supplier community.

Malaysia

Malaysia's markets set for rebound, ex-CIMB chief Nazir says

(May 2): Malaysia’s stock market and currency are set for a rebound from their slump following the elections almost a year ago, said Nazir Razak, former chairman of Malaysia’s second-largest bank.
Singapore has a better Bali on its doorstep, developer says

Property

Singapore has a better Bali on its doorstep, developer says

SINGAPORE (Feb 22): Singapore’s second-largest developer has a suggestion for the government: re-position the billionaire enclave of Sentosa as a tourism mecca like Bali.

Management & Corporate Governance

CIMB maintains Fincantieri Vard offer 'not fair but reasonable' in revised IFA report

SINGAPORE (July 9): CIMB Bank maintains Fincantieri Oil & Gas’ offer for Vard Holdings is “not fair but reasonable" in a revised independent financial adviser's (IFA) report after errors were found in the first one.
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