China’s currency, the yuan, is becoming increasingly popular among Gulf countries in trade transactions because of China’s growing economic influence and uncertainties surrounding other major currencies.
Permodalan Nasional Berhad (PNB) is Malaysia’s biggest unit trust management company, but it is not just that. The focus of the company lies on the Bumiputera community, and its objective is to increase the wealth of Malay people.
The development of capital markets in Malaysia has brought about the expansion of services of Malaysia’s investment banks across equity capital markets, debt capital markets, mergers & acquisitions (M&A), and syndicated loans.
Ableace Raakin Sdn Bhd is the first company in the world to use palm oil and its derivatives as an asset base for commodity murabahah transactions. It is now eyeing the GCC market to promote its products and services.