AMMBArab-Malaysian Merchant Bank
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By analyzing all 40 lower limbs, we identified that the location of PH for the NEPs of PMB, GMB, ALMB, ABMB and AMMB were located at 76.41[+ or -]0.71 %, 93.85[+ or -]2.07 %, 92.05[+ or -]2.15 %, 80.75[+ or -]1.20 % and 88.08[+ or -]1.09 % respectively on line H from the greater trochanter of femur.
'The AMMB will end the reign of greed and destruction which the 1995 Mining Act has ushered in.
According to the group, 'green bills' like the Alternative Minerals Management Bill (AMMB) are still pending, while mining operations 'continue to damage' the country's natural resources and affect indigenous people.
The ratings reflect the Bank's strategic importance as AMMB Holdings Berhad's (the Group, rated AA3/Stable/P1) Islamic banking arm.
AmLife, the life insurance arm of AMMB, specialises in distributing protection, savings and investment-linked products.
AMMB, a consolidated version of several mining-related bills in congress, is now being deliberated by the Technical Working Group of the Natural Resources Committee of the 15th congress.
'But we are not in talks with AMMB right now,' he reportedly said on the sidelines of a shareholders' meeting.
He is Non-Executive Chairman of AMMB Holdings Berhad (AHB) and AmInvestment Group Berhad and Chairman of the Board of several subsidiaries of AHB.
AmInvestment is part of Malaysia's number six lender AMMB Holdings, which was the world's largest Islamic bond manager in the first half of the year, handling more than $2 billion of issuance.
Also, hybrid banks have been able to transfer their expertise in conventional banking over to their Islamic banking operations, for instance, AMMB and Public Bank in consumer finance, and CIMB in investment banking.
Kuala Lumpur-listed AMMB Holdings Bhd (1015.KU) owns 51 percent of AmGeneral Insurance Bhd.