SHANGPREE to Showcase Aesthetic Heritage at Beauty Asia Singapore, Expanding Global Presence via Amazon & Shopee by 2026

 

SINGAPORE, April 17 (Bernama-GLOBE NEWSWIRE) -- SHANGPREE, Korea’s premier aesthetic skincare brand, is accelerating its global expansion by participating in ‘Beauty Asia’ in Singapore. Following recent successful launches on Amazon US and Japan, the brand is set to officially enter Amazon Singapore and Shopee within 2026, strengthening its digital footprint across Southeast Asia.

■ "Esthetician’s Touch in Your Hands": Introducing the 'FF Program'

At the exhibition, SHANGPREE will present its iconic bestsellers alongside the newly launched ‘FF Program (Focus on Focus PROGRAM)’. The FF Program is a high-performance intensive care line designed to precisely analyze and restore skin balance disrupted by external stressors. Developed based on 36 years of aesthetic clinical data accumulated since 1990, the lineup embodies SHANGPREE’s core mission: bringing the meticulous care of a professional esthetician into the customer’s daily skincare ritual.

■ A K-Beauty Apex Trusted by Global Luxury Channels

Originating from an aesthetic spa in 1990, SHANGPREE has already proven its value within the world’s most selective luxury distribution networks, including Harrods in London and Barneys New York. Participation in Singapore’s Beauty Asia serves as a strategic milestone to further solidify SHANGPREE’s standing as a high-end skincare authority on the global stage.

■ From the US and Japan to Southeast Asia: A Vision for Global Leadership

Following its recent entry into major global markets, SHANGPREE is now focusing on reinforcing its distribution network in Southeast Asia.

"Our participation in Beauty Asia is an opportunity to prove SHANGPREE’s rigorous standards and 36-year heritage to the global market," said a representative from SHANGPREE. "With our recent expansion into Amazon US and Japan, and our upcoming 2026 launches on Amazon Singapore and Shopee, we are committed to building an environment where customers across Southeast Asia can easily experience our high-end aesthetic spa solutions."

# About SHANGPREE

SHANGPREE is a premium skincare brand born from an aesthetic spa in 1990. By evolving decades of clinical expertise into scientific mechanisms, the brand provides precise skin solutions trusted by global experts and luxury retailers worldwide. Its signature lineup includes world-renowned bestsellers such as the Marine Energy Eye Mask, Gold Premium Plus Modeling Mask, and Phyto Essence UV Sunscreen, all of which embody the brand’s commitment to professional-grade results.

• Official Website:  www.shangpree.com
• Instagram:  @shangpree.official

# Media Contacts
cs@shangpree.com 

SOURCE: SHANGPREE

AM Best Withdraws Performance Assessment of Delta International Limited’s Affiliates

 

SINGAPORE, April 16 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Performance Assessment (assessment) of PA-2 (Excellent) of Delta Insurance New Zealand Limited (New Zealand) and Delta Underwriting Private Limited (Singapore). The companies are assessed on a consolidated basis under their parent, Delta International Limited (Delta). The outlook of the assessment is stable. Concurrently, AM Best has withdrawn the assessment as the company has requested to no longer participate in AM Best’s interactive performance assessment process.

This assessment reflects Delta’s strong underwriting capabilities, excellent governance and internal controls, strong financial condition, excellent organizational talent, and strong depth and breadth of relationships.

In AM Best’s view, the two affiliated companies exhibit several commonalities with one another and are regarded as strategically and financially important to Delta, providing access to businesses in certain geographic jurisdictions in the Asia Pacific region. Delta was founded in New Zealand in 2014 with local ownership and operates from offices in New Zealand, Australia and Singapore.

AM Best assesses Delta’s underwriting capabilities as strong. Delta has consistently recorded profitable underwriting results over the past few years across a wide range of product lines and geographic regions. Delta has a highly specialised underwriting philosophy and risk selection process, supported by its in-house underwriting and claims management teams. This has enabled the organization to grow its premium base rapidly through product and geographic expansion over time. However, compared to its historical growth rate, the company recorded lower growth in recent periods due to challenging market conditions.

AM Best considers Delta’s governance and internal controls to be excellent. Delta has implemented a sophisticated framework for selecting capacity providers, which elevates the products and coverage it provides to its policyholders. This is complemented by Delta’s extensive use of internal and external audits, policies and procedures, quality reviews and ongoing monitoring.

AM Best assesses Delta’s financial condition as strong. Delta has a track record of profitable operations with stable income sources and positive cash flow. The organisation does not retain any insurance risk. In recent periods, the shareholders’ equity was negatively impacted by the company’s buy-out of the non-controlling interest in its subsidiaries, which was recorded directly against equity under NZ IFRS 10. Prospectively, AM Best expects shareholders’ equity to increase, supported by positive earnings generation.

AM Best assesses Delta’s organizational talent as excellent. Delta’s senior management is highly experienced in the company’s lines of business and in the geographic regions in which the group operates. The knowledge share and training programs within Delta further benefit its underwriting capabilities. AM Best expects continued development in the quality and quantity of Delta’s staff as the organisation grows.

AM Best assesses Delta’s depth and breadth of relationships as strong. While Delta has a relatively compact history, most capacity providers have partnered with the organisation since its inception. Delta offers multiple programs across several countries, which provides appropriate diversification. There is opportunity for advancement in Delta’s ability to retain and sustain long-term relationships.

This press release relates to Performance Assessments that have been published on AM Best’s website. For all information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the Performance Assessments referenced in this release, please see AM Best’s website. For additional information regarding the use and limitations of Performance Assessments, please view Guide to Best’s Performance Assessments for Delegated Underwriting Authority Enterprises. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20260415172133/en/

Contact

Yi Ding
Associate Director
+65 6305 5021
yi.ding@ambest.com

Victoria Ohorodnyk
Senior Director, Head of Analytics
+65 6303 5020
victoria.ohorodnyk@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com 

Source : AM Best

MTDC UNVEILS SEMICONSTART MALAYSIA, A NATIONAL SEMICONDUCTOR INCUBATION PROGRAMME TO BUILD MALAYSIA’S IC DESIGN AND DEEP-TECH PIPELINE

KUALA LUMPUR, April 15 (Bernama) -- Malaysia is strengthening its position in the global semiconductor value chain through SemiconStart Malaysia, a national semiconductor incubation programme led by the Malaysian Technology Development Corporation (MTDC). The programme was unveiled today at a pre-launch event attended by stakeholders from government, industry, research institutions and universities, and is designed to support the development of globally competitive companies in areas such as integrated circuit (IC) design, photonics, Micro-Electro-Mechanical Systems (MEMS) and quantum technologies.

The initiative is developed and led by MTDC in collaboration with Silicon Catalyst UK, one of the world’s leading semiconductor incubators and accelerators, with a strong track record of supporting hundreds of chip companies in scaling and growth. The programme combines early-stage funding managed by MTDC with access to advanced design tools, global industry mentorship, strategic partners and international investor networks through Silicon Catalyst’s ecosystem.

“Malaysia’s global reputation in semiconductor manufacturing is firmly established. The next step is to build Malaysian companies that do not merely participate in the industry, but lead in innovation, technology development and value creation. SemiconStart Malaysia reflects MTDC’s role in building this pipeline, by translating technology into ventures, and ventures into globally competitive companies, while strengthening Malaysia’s long-term strategic position across semiconductor value chain,” said Ts. Hj. Mohammad Hazani Hj. Hassan, Group Chief Executive Officer of MTDC.

SemiconStart Malaysia is developed in alignment with Malaysia's National Semiconductor Strategy (NSS) and Budget 2026 commitments, which earmarked RM7.9 billion to upskill the nation's electrical and electronics (E&E) workforce and build strategic depth in the sector. MTDC has been mandated to implement the SemiconStart Malaysia programme, including managing the selection process and disbursement of grants of up to RM1 million per company, as well as overseeing the programme in collaboration with Silicon Catalyst through a structured 260-day incubation track.

Apart from funding, companies will undergo rigorous technical and commercial assessments coordinated by Silicon Catalyst’s UK and US teams. Focus areas include IC design, sensor technologies, photonics, MEMS, quantum technologies and advanced semiconductor materials, all of which have been identified as strategic, highvalue segments under the NSS.

Companies will also be assessed based on their commitment to value creation in Malaysia, including the registration of intellectual property in Malaysia and the development of local technical talent. Foreign participation is allowed under the programme, subject to clear local capability-building and ecosystem contribution .

Against a backdrop of geopolitical uncertainty, supply chain realignment and intensifying competition for critical technologies, Malaysia must continue strengthening its own technology ecosystem to build greater resilience and reduce long-term dependence in strategic areas. This requires stronger domestic capabilities in semiconductor innovation, intellectual property, talent development and venture creation, enabling Malaysian companies to compete more effectively in higher-value segments of the industry. SemiconStart Malaysia is intended to support this shift and reinforce Malaysia’s long-term competitiveness in the global semiconductor value chain.

Silicon Catalyst brings to the partnership a global network of industry advisors, investors and technology partners, as well as experience from similar programmes such as ChipStart UK, a UK Government-backed semiconductor incubator programme. The initiative is led by Sean Redmond, a semiconductor veteran who previously held leadership roles at Cadence, ARM-affiliated Verisity Design, and ARC, together with Dr. Ross Addinall, who brings decades of IC design and EDA experience to Malaysia’s startup pipeline.

The full launch of SemiconStart Malaysia is expected to take place later this year, with applications opening in April. The programme represents a strategic step in strengthening Malaysia’s capabilities in semiconductor design and deep technology, and reflects the broader national effort to move Malaysia further up the global semiconductor value chain through innovation, talent development and technology commercialisation.

Prepared by:
MINISTRY OF SCIENCE, TECHNOLOGY AND INNOVATION
15 April 2026

About Malaysian Technology Development Corporation (MTDC)

Established in March 1992, Malaysian Technology Development Corporation Sdn. Bhd. (MTDC) is a wholly owned subsidiary of Khazanah Nasional Berhad and an agency under the Ministry of Science, Technology and Innovation (MOSTI). MTDC plays a strategic role in strengthening Malaysia’s deep technology ecosystem by supporting the progression of technology companies from development to adoption and scale.

As a technology investor and ecosystem enabler, MTDC provides developmental and growth funding through initiatives such as the National Technology and Innovation Sandbox (NTIS), Halal Technology Development Fund (HTDF), Dana Uji Beli MySTI, Dana Mudahcara MySTI, Business Start-up Fund (BSF), Business Growth Fund (BGF) and the MTDC–Tradeview Quantum Fund, a public–private investment initiative to accelerate the growth of high-potential Malaysian technology companies.

MTDC also strengthens companies through capability development and technology adoption platforms including the Centre of 9 Pillars® (Co9P®), Technopreneur Training Academy (TENTRA), and the MySTI ecosystem, facilitating market access and technology adoption across both public and private sectors.

Over more than three decades, MTDC has supported Malaysian technology companies across key sectors including Electrical & Electronics and Semiconductor, Industry 4.0, Healthcare and Life Sciences, Food Security, Green Economy, and Aerospace and Mobility.

Issued by MTDC Corporate Communications Department

SOURCE: Malaysian Technology Development Corporation (MTDC)

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Munirah Abdullah Sani
Vice President, Corporate Communications Department
Tel: +6019-2687887
Email: munirah@mtdc.com.my

--BERNAMA

VEYDOOMAX PREVIEWS X6 RIDE SERIES MODEL AHEAD OF JULY LAUNCH

KUALA LUMPUR, April 14 (Bernama) -- VeydooMax, an outdoor lifestyle brand under Shenzhen Weidu Electronics Co Ltd, has previewed the upcoming X6 from its VeydooMax Ride series, following its appearance at the Bangkok International Motor Show, with a launch planned for July.

The X6 will carry forward the brand’s “Smarter Ride, Tougher Build” philosophy while delivering refinements in areas riders prioritise, the company said in a statement.

Within VeydooMax’s broader outdoor positioning, the Ride series focuses on products designed for real riding use, including commuting, weekend rides, group travel, and longer journeys across varying road and weather conditions.

The new model is being developed with enhanced outdoor visibility, improved smart connectivity, practical ride-recording capabilities, and rider-assistance functions tailored for real-world use.

For daily commuters, the X6 is designed to offer a cleaner and more stable cockpit experience. For leisure and group riders, it aims to support better navigation, communication, ride capture, and overall riding confidence.

Compared with the previous generation, the X6 focuses on delivering a more integrated user experience by combining display, connectivity, imaging, alerts, and remote capabilities into a unified interface.

According to VeydooMax, the model is also designed to reduce rider distraction, improve access to key information, and provide added support in scenarios such as parking, remote monitoring, and unexpected situations.

Additional details about the X6 will be released closer to launch.

-- BERNAMA

Allianz Malaysia continues to champion grassroots badminton with AJBC 2026

KUALA LUMPUR, April 9 (Bernama) -- The Allianz Junior Badminton Championship (AJBC) is gearing up for its fifth edition in 2026, marking its return to inspire, develop and celebrate young badminton talents across Malaysia.

Organised by Allianz Malaysia Berhad (Allianz Malaysia), the AJBC has grown to become a highly- anticipated grassroots badminton tournament, fostering the development of future badminton champions.
 
“We are committed to supporting the dreams of young athletes and contributing to the growth of badminton in Malaysia. The AJBC is more than just a tournament; it is a stepping stone for young players to achieve their aspirations and reach new heights in the sport,” said Allianz Malaysia Chief Executive Officer, Sean Wang.
 
A highlight of the AJBC in 2025 was the selection of 10 players from the Qualifying Rounds to participate in the prestigious Talent Identification Programme organised by Akademi Badminton Malaysia (ABM), under the purview of the Badminton Association of Malaysia. This programme serves as a gateway for players to potentially enter ABM as well as gain access to other opportunities to advance their badminton careers.
 
Over 3,000 players took part in the AJBC last year, showcasing the depth of talent and passion for the sport among Malaysian youth. The championship is expected to attract a similar level of enthusiasm in 2026, with 10 Qualifying Rounds set to take place nationwide.
 
This year, on top of the cash prizes, 12 winners will also be chosen to participate in an exclusive international training camp, where they will have the opportunity to train with world-class coaches and experience a competitive global environment.
 
The aim of the AJBC is to provide a platform for young badminton talents to pursue their passion, develop their skills and gain exposure to competitive play. By investing in grassroots development, Allianz Malaysia hopes to inspire the next generation of badminton champions and contribute to Malaysia’s legacy in the sport.
 
The first Qualifying Round will take place in Ipoh, Perak from 24 to 26 April 2026, with further rounds to follow in various locations across the country including Putrajaya, Johor, Terengganu, Pahang, Sabah, Sarawak, Melaka, Kedah and Penang.
 
The AJBC Grand Finals, featuring U-13 and U-15 finalists from all the Qualifying Rounds, will be held in Kuala Lumpur from 2 to 7 December 2026. Each round will see 24 players qualifying for the finals. The U-11 players will not advance to the Grand Finals.
 
Like previous years, players participating in the AJBC Qualifying Rounds do not have to pay any entrance fees. The top three winners of the Qualifying Rounds for all age categories will take home RM500, RM300 and RM150 (singles) and RM600, RM400 and RM200 (doubles).
 
Players finishing in the top three at the Grand Finals will pocket RM1,000, RM600 and RM300 (singles) and RM1,200, RM800 and RM400 (doubles). And as mentioned, 12 winners will also have the chance to join an exclusive international training camp.
 
The AJBC is supported by the Sports, Co-curricular and Arts Division, Ministry of Education Malaysia and the Badminton Association of Malaysia.
 
Registration for Qualifying Round 1 in Ipoh opens on 6 April 2026. For more information and for those who are keen to participate in the AJBC, please visit www.allianz.com.my/ajbc. 

SOURCE: Allianz Malaysia Berhad 

FOR MORE INFORMATION, PLEASE CONTACT: 
Name: Shamala Gopalan
Group Head
Corporate Communications Department
Allianz Malaysia Berhad
Tel: 016.285.0685
Email: shamala.gopalan@allianz.com.my 

Name: Gary Mark Nagan
Manager
Corporate Communications Department
Allianz Malaysia Berhad
Tel: 012.367.1450
Email: gary.nagan@allianz.com.my 

--BERNAMA

MIA AFT 2026 REFRAMES ACCOUNTANTS AS “FINANCIAL ARCHITECTS”, LAUNCHES SECOND MIA DIGITAL TECH AWARD

MIA President Saniza Said (centre), together with MIA Vice President Ahmad Syahazan Yaacob (left), MIA CEO G Shanmugam (right), Dr Nurmazilah Dato' Mahzan, Chair of MIA Digital Tech Award Task Force (left) and Rasmimi Ramli, MIA Executive Director of Sustainability, Digital Economy & Services (right) at the launch of the MIA Accounting & Financial Technology Showcase (MIA AFT) 2026 and MIA Digital Tech Award.

KUALA LUMPUR, April 8 (Bernama) -- Now in its third edition, the MIA Accounting & Financial Technology Showcase (MIA AFT) 2026, organised by the Malaysian Institute of Accountants (MIA), advocates the adoption of digital technologies by the accountancy profession, supporting the profession’s evolution as financial architects of impact in the digital economy. 

“Our goal is to enhance productivity, strengthen resilience, and future-proof the profession in an era of rapid technological change. Guided by the MIA Digital Technology Blueprint, MIA AFT serves as a one-stop platform for professionals and organisations to discover cutting-edge digital solutions that address evolving business and regulatory needs,” said MIA President Puan Saniza Said.

Themed “Financial Architects of Impact: Humanising Digital Intelligence,” MIA AFT 2026 showcases how accountants are evolving from adopting technology to adapting with it for optimised performance and value creation. As organisations increasingly rely on Artificial Intelligence (AI), automation and advanced analytics, accountants play a critical role in translating vast amounts of complex data into actionable insights that drive better decisions and organisational resilience.

To encourage greater adoption and highlight the profession’s role models for transformation, MIA also launched the second edition of the MIA Digital Tech Award at the MIA AFT 2026. First introduced in 2023 as the Digital Technology Adoption Award (DTAA), the award has since been rebranded as the MIA Digital Tech Award to better reflect its broader focus on digital transformation. The award recognises outstanding digital transformation initiatives across public practice, commerce and industry, and the public sector. Applications are open until 9 July 2026, with a new category introduced for Institutions of Higher Learning to support the development of future-ready talent.

Supporting the theme of humanising digital intelligence, MIA AFT delegates explored emerging technologies and solutions encompassing AI, automation, data analytics, blockchain and cloud computing across three content theatres and a curated exhibition featuring live demonstrations. Participants gained practical insights into how these innovations are reshaping finance functions and enabling value creation.

In line with the theme “Financial Architects of Impact: Humanising Digital Intelligence,” MIA AFT 2026 also highlighted responsible innovation premised on the profession’s core pillars of ethics, professional judgement and accountability to deliver trusted and sustainable outcomes. True to MIA’s strategic collaborative leadership approach, MIA AFT gathered close to 2,000 delegates from finance and industry and 30 technology providers at the Malaysia International Trade and Exhibition Centre (MITEC).

“MIA AFT continues to play a vital role in supporting accountancy professionals as they navigate the evolving digital economy. Through platforms like this, we aim to ensure our members remain futureready, relevant and resilient,” said MIA Chief Executive Officer Mr G Shanmugam.

“Amid challenging times, our profession must look ahead while safeguarding trust, integrity and professionalism as our tools, technologies and business models continue to evolve. As accountants, we are architects of impact, helping to shape sustainable and resilient futures for our businesses, our communities and our nation,” he added. 

About the Malaysian Institute of Accountants (MIA)
Established under the Accountants Act 1967, MIA is the national accountancy body that regulates, develops, supports and enhances the integrity, reputation and interests of the profession in Malaysia, for the public interest. MIA accords the Chartered Accountant Malaysia or “C.A. (M)” designation. Powered by collaborative leadership, MIA connects its membership to a wide range of information resources, strategic platforms, professional development and networking opportunities. Presently, there are more than 41,000 members making an impact in organisations locally, regionally and globally. 

Recognised as the voice of the profession, MIA’s international outlook and connections are reflected in its membership of regional and international professional organisations such as the International Federation of Accountants (IFAC) and the ASEAN Federation of Accountants (AFA). For more information on MIA, visit www.mia.org.my 

SOURCE: Malaysian Institute of Accountants (MIA)

FOR MORE INFORMATION, PLEASE CONTACT:

MIA STRATEGY COMMUNICATIONS & BRANDING
Email: communications@mia.org.my

Name: THANE MEYYAPPAN 
Tel: +60122489534

Name: MOHD FAIZ OTHMAN
Tel: +60126225027 

--BERNAMA

CIMB to double down on ASEAN’s growing affluent wealth segment in line with Forward30 strategy

KUALA LUMPUR, April 7 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”) is committed to expand its presence in ASEAN’s fast-growing affluent and wealth segment, as part of its Forward30 strategy, to strengthen its cash and deposit franchise and deepen cross-sell opportunities across the Group. 

ASEAN’s affluent segment is expected to grow by 5%-6% per annum to 65%-70% of its total population by 2030. CIMB sees a significant opportunity to tap into this segment with holistic wealth, advisory and banking solutions while building deeper primary banking relationships.

The Group’s wealth proposition is anchored on an advisory-led, insight-driven approach designed to safeguard and grow client’s wealth through a comprehensive, digitally enabled, and personalised experience. Today, affluent customers expect their banking partners to journey with them through financial lifecycles, including navigating market complexities, adjusting investment strategies as priorities shift, and aligning portfolios to their unique risk profiles and long-term objectives. 

To deliver these, CIMB has invested significantly in deeper, insight-driven portfolio reviews, curated wealth events and market intelligence that is supported by a dedicated Chief Investment Office (“CIO”) and personalised Relationship Manager advisory, equipped with a product suite of wealth management across Conventional and Islamic banking. At the same time, CIMB has strengthened its digital capabilities to equip frontliners with better AI enabled tools and proprietary insights, provided customers with access to track their portfolios in real-time, access to CIO content, asset allocation and product recommendations. Beyond advisory and digital enhancements, CIMB is further expanding its value proposition through strategic partnerships that extend its suite of wealth, protection and legacy solutions ensuring customers gain access to a broader, more specialised set of offerings aligned to their ambitions.

The Group’s strong presence in Singapore serves as a key ASEAN wealth hub for affluent customers’ growing demands for cross border and global investment propositions particularly around health, retirement and education. CIMB Singapore also provides a treasury base for multinational and regional firms seeking seamless cross-border financing or looking to scale in the Johor-Singapore Special Economic Zone (“JS-SEZ”).

Haniz Nazlan, Chief Executive Officer, Group Consumer Banking at CIMB said, “Across ASEAN, the affluent population is growing at a robust pace, driven by rising incomes, entrepreneurship and intergenerational wealth creation, and their financial needs are becoming increasingly sophisticated. CIMB aims to deepen relationships with high-value clients through an integrated offering spanning wealth management, deposits, financing and investment advisory. With its strong presence and retail franchise across key ASEAN markets, CIMB comes from a position of strength and is well-positioned to capture the growth in the affluent wealth segment. Our ambition is to grow our Wealth Asset Under Management (“AUM”) two-fold and deliver stronger wealth and cross-sell revenue by 2030, enabling us to sustain a Non-Interest Income (“NOII”) contribution between 33%-34%.” 

Clear Link to Forward30 

Expansion into affluent wealth forms a key pillar of CIMB’s Forward30 ambition to grow its cash and deposits franchise, which provides a stable funding base while enabling the Group to deliver higher-value cross-selling across investment products, lending and advisory services. As at Dec25, the Group’s cash strategy continues to demonstrate positive results. Total deposits and current account saving account (“CASA”) balances grew by 5.4% YoY to RM524.4 billion and 1.6% YoY to RM224.1 billion respectively on a constant currency basis, bringing the Group’s CASA ratio to 42.7%. 

Strengthening CIMB’s Regional Wealth Platform
 
In January 2026, the Group launched CIMB Private Wealth in Indonesia, and this will be followed by Malaysia in mid-2026 and other markets during the year - further strengthening the Group’s regional wealth management ambition. Islamic wealth markets like Indonesia and Malaysia continue to outpace the conventional segment. Indonesia remains one of ASEAN’s most attractive long-term wealth markets, supported by strong economic fundamentals, a rapidly expanding middle and upper-income segment, and rising demand for professional wealth advisory. By enhancing its wealth capabilities in Indonesia, CIMB aims to capture this structural growth while strengthening customer engagement and expanding fee-based income streams.

Lani Darmawan, President Director and Chief Executive Officer, PT Bank CIMB Niaga Tbk said, “Indonesia remains a structurally attractive market over the medium to long-term, particularly in the affluent segment where wealth creation continues to outpace regional averages. Our strategy is to scale selectively, prioritising profitability, capital discipline and client quality over volume growth. The launch of CIMB Private Wealth is a strategic initiative for CIMB Niaga to support customers in building sustainable wealth.”

“CIMB Private Wealth is designed to meet the needs of high net-worth customers with a total combined balance starting from IDR 5 billion (RM1.2 million), in managing and growing their wealth optimally, not only to achieve growth but also to create meaningful legacies for future generations. This aligns with our purpose of Advancing Customers and Society, which reflects our commitment to helping customers and the Indonesian community realise their dreams and aspirations, including in wealth management.”

Building a Stronger Deposit and Fee Income Engine 

The Group expects its expanded wealth proposition to support multiple strategic objectives under Forward30, including deepening primary banking relationships with affluent and high-net-worth clients, strengthening deposit growth thus supporting a resilient funding base, increasing feebased income through investment and advisory products and enhancing cross-sell across financing, investments, legacy and protection solutions. CIMB believes ASEAN’s wealth landscape remains structurally underpenetrated, creating a significant opportunity for regional banks with strong local networks and advisory capabilities. With its presence across key ASEAN markets, CIMB is well-positioned to capture this growth while strengthening its customer franchise and delivering sustainable long-term value. 

About CIMB

CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM89.0 billion as at 31 December 2025. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and the Philippines. 

Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 576 branches and over 33,000 employees as at 31 December 2025. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its awardwinning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 91.45% shareholder of Bank CIMB Niaga in Indonesia, and 94.83% shareholder of CIMB Thai in Thailand. 

SOURCE: CIMB Group Holdings Berhad

FOR MORE INFORMATION PLEASE CONTACT: 
Name: Tammy Toh/Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: tammy.toh@cimb.com / kelvinjude.muthu@cimb.com 

--BERNAMA