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Malaysia's CIMB denies security breach but customers say thousands lost to scammers[KUALA LUMPUR] Malaysia's second largest bank CIMB on Monday denied that it has suffered a security breach after several customers complained on social media over the weekend that their accounts had been hacked. Read more at The Business Times.
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Vincent Phang named SingPost's new CEO for postal services and Singapore chiefSINGAPORE Post (SingPost) announced on Friday that Vincent Phang will be the new CEO of postal services as well as its Singapore head, with effect from April 1, 2019. Read more at The Business Times.
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NTUC Income names Andrew Yeo as new CEONTUC Income has promoted the executive vice-president and general manager of its Life & Health business, Andrew Yeo, as its next chief executive officer (CEO), the Singapore insurer announced on Wednesday. Read more at The Business Times.
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Fintech startup Jumo secures US$12.5m from investment firm Odey Asset ManagementSOUTH African fintech firm Jumo has secured US$12.5 million from London-based investment firm Odey Asset Management, bringing total funds raised to more than US$103 million. Read more at The Business Times.
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Pine Capital in proposed deal to buy stake in Hong Kong asset management firm Silver TreeCATALIST-LISTED financial services group Pine Capital on Monday entered into an agreement with individual David Sarkis for the proposed acquisition of up to a 51 per cent or 20.6 million share stake in Hong Kong-based asset management firm Silver Tree Hong Kong for a total of HK$2.55 million (S$447,368.43). Read more at The Business Times.
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Asean CEOs' business outlook dimmer than global peers'CHIEF executive officers (CEOs) across Asean are harbouring greater pessimism than their global peers, in a stark turnaround from previous years, when they were more optimistic. Read more at The Business Times.
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