Mukhriz Mahathir, the 48-year-old son of Malaysia’s longest-serving prime minister, will tomorrow contest the vice presidency of the nation’s biggest political party, staking his claim as a potential future national leader.
CIMB Group Holdings Bhd., Malaysia’s second-largest bank by assets, may not break even as planned by the end of this year on its 2012 purchase of most of Royal Bank of Scotland Group Plc’s Asia-Pacific investment banking assets.
CIMB Group Holdings Bhd., Southeast Asia’s top-ranked investment bank over the past three years, is taking aim at a bigger market following its acquisition of some of Royal Bank of Scotland Group Plc’s operations in Asia.
Malaysia’s benchmark Kuala Lumpur Composite Index gained 3.31, or 0.3 percent, to 1,026.78 at the close of trading, rounding a 3.6 percent gain this week. It’s the measure’s biggest weekly advance since April 10. The index climbed to its highest close since Sept. 24.