Business summary from April 26 to May 2

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A quick recap, in the business world.

This week alone, Standard Chartered said it would shut down half its branches and slash office space worldwide by a third in order to save costs as global lockdowns have greatly reduced the need for physical branches and offices.

He has served various departments in the bank, including financial intelligence and enforcement, special investigation, insurance regulation, strategic planning, human resource management and economics. Maybank Islamic said MAIA Global Healthcare is an 18-month closed ended multi-asset investment account with the investment objective to achieve a target return of 6% over 18 months or 4% per annum.The chairman of Permodalan Nasional Bhd , Tan Sri Dr Zeti Akhtar Aziz will be stepping down with effect from April 30 after three years with the board.

Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said the CPO futures buying was sparked by a surge in the related soybean oil, which hit limit-up to lock in a 3.59 per cent rise on the Chicago Board of Trade. Malaysia would also look into the setting up of palm oil refinery and processing plants in the region, he wrote in his twitter account, highlighting the highly-successful outcome of his trade and investment mission to Saudi Arabia.Honda Malaysia Sdn Bhd is recalling 77,708 vehicles to replace fuel pumps as a precautionary measure.

 

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