The local business magazine, Malaysian Business has recently compiled a list of “Highest Paid Directors” survey for the year of 2009. Among the list, Genting Berhad topped the list with a payout of RM92.11 million. Besides, Genting Bhd also had the highest remuneration band of RM87.6 million to RM87.65 million for a single director. However, the company did not name the director. The top executive listed is its executive chairman and chief executive officer, Tan Sri Lim Kok Thay.
| RANK |
COMPANY |
REMUNERATION (RM) |
| 1 |
Genting Bhd |
87.6 million ~ 87.65 million |
| 2 |
Genting Malaysia Bhd |
37.25 million |
| 3 |
IOI Corp Bhd |
25 million ~ 30 million |
| 4 |
CIMB Group Holdings Bhd |
14.5 million |
| 5 |
Berjaya Corp Bhd |
12.3 million ~ 12.35 million |
| 6 |
SP Setia Bhd |
8.37 million |
| 7 |
Public Bank Bhd |
7.55 million |
| 8 |
Puncak Niaga Holdings Bhd |
6.85 million ~ 6.9 million |
| 9 |
Hiap Teck Venture Bhd |
5.95 million ~ 6 million |
| 10 |
YTL Corp Bhd |
5.9 million ~ 5.95 million |
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Forbes had compiled a latest Global 2000 list last week. The Forbes Global 2000 are the biggest, most powerful listed companies in the world. It’s a comprehensive report analyzes the world’s biggest companies and the best performing of these titans over the past year. This year’s ranking of world leading companies span 62 countries, with the US (515 members) and Japan (210 members) still dominating the list, but with a combined 33 fewer entries. Total 18 companies from Malaysia are ranked in this year’s Forbes Global 2000 list, which including:
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US banking giant Citigroup Inc becomes the seventh foreign company to grant a stockbroking licence from The Securities Commission Malaysia (SC). However, it will be focusing its business model on foreign and domestic institutional business. Any variations to the business model are subject to the SC’s approval.
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Public Bank Bhd and Bursa Malaysia Bhd won the Overall Excellence Award of the Malaysian Corporate Governance Index 2009 (MCG Index) for their achievements in practising the highest level of corporate governance standard. The new MCG Index serve as a premier index for investors to gauge corporate governance levels of public-listed companies in Malaysia.
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Nestle (Malaysia) Bhd will replace Parkson Holdings Bhd to become the constituent in FTSE Bursa Malaysia KLCI (FBM KLCI) following the Kuala Lumpur stock exchange’s semi-annual review. The reviews ensure that the indices accurately reflect the markets they represent. FTSE group and Bursa Malaysia Bhd said that would take effect from tomorrow, 21st DEC 2009, and the next review would take place in JUN 2010.
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Categories: Business Tags: brands, Bursa, Business, FBM, FTSE, investment, KLCI, KLSE, Nestle, share, stock
According to a valuation study conducted by Interbrand, Public Bank emerge as Malaysia’s most valuable brand for year 2009, with a value of RM6.593 billion. Public Bank overtook last year champion Maybank, which fell to second spot this year with value of RM5.374 billion, to grab top spot in the third anuual ranking of Malaysia’s Most Valuable Brands (MMVB), a league table that values the Top-30 consumer-facing Malaysian brands. In third place is CIMB, valued at RM5.245 billion.
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Have you ever red a letter from the most successful investor in modern history, Warren Buffett? If you are one of the shareholders of Berkshire Hathaway then you will have the chance to receive a letter from Warren Buffett each year, in which you can read about his taught and his investment in that particular year.
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Bursa Malaysia (KLSE) introduces the Direct Market Access (DMA) trading solution for the equities market on Monday, 8th NOV 2009. By this, KLSE expects to attract a new segment of trading participation given its greater accessibility. This electronic trading solution which enables investors to route orders directly to the stock market for immediate execution, is aimed at enhancing trading efficiency and accessibility for market participants.
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Maxis Communications Bhd, Malaysia’s dominant mobile operator, plans to list its Malaysian business, Maxis Bhd, in the year’s most anticipated initial public offering (IPO) which will offer 2.25 billion shares for sale.
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On 6th JULY 2009, the Kuala Lumpur Composite Index (KLCI) was transitioned to the FTSE Bursa Malaysia KLCI to be the primary market benchmark for Malaysia. The move to a 30 stock index calculated according to FTSE’s globally accepted index standards provides domestic and international investors with a more transparent, investable and tradable benchmark to stimulate the creation of ETFs, derivatives and other index-linked products.
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