The Star Online: Business
The Star Online: Business |
- Banking career losing lustre with students: Deloitte
- Bright Packaging jumps on rights issue, warrants
- Malaysia’s KLCI opens higher, Tenaga up
| Banking career losing lustre with students: Deloitte Posted: LONDON: The popularity of a banking career among business students has fallen since the 2008 financial crisis, and banks face a wake-up call to change to attract the best graduates, a survey for accountancy firm Deloitte showed on Wednesday. The popularity of working in the average bank fell five places to 35th out of 100 employers in the five years to 2013, according to the Deloitte Talent in Banking Survey 2013. Though banking was more resilient than manufacturing and engineering, which saw popularity fall by twice as much, industries such as software and computer services have become more popular. Accounting also fell, by six places, but remained the most popular career among business students. The research, a survey of almost 108,000 business students from 1,350 universities in Asia, the Americas, Europe, the Middle East and Africa, also found students interested in banking ranked professional training and development as the top job attribute, ahead of high future earnings. "This survey is a wake-up call for banks," Deloitte said, emphasising changing attitudes towards them following the crisis, rate-rigging and mis-selling scandals and regulatory pressure to overhaul their corporate culture. "Banks must respond decisively if they are to continue to attract the best graduates and it is in their interests to recognise these changing attitudes and highlight attractions other than pay," said Kevin O'Reilly, a partner at Deloitte. The students considering a banking career did not think banks could provide their ultimate career goals of achieving a work-life balance and job security. More than half expect to move on from their first employer within three years. "Many students appear to be planning a multi-stage career. Applicants want to work for banks because they are seen as a good place to lay the groundwork for a future career... It may be necessary to transform the career paths they (banks) offer graduates," O'Reilly said. Deloitte said that old perceptions of sexism and discrimination also lingered on and that banks must cast their recruiting net wider – Reuters. |
| Bright Packaging jumps on rights issue, warrants Posted: KUALA LUMPUR: Bright Packaging Industry Bhd's share price jumped early Wednesday after it proposed a corporate exercise including a rights issue with free warrants. At 9.12am, it was up 18 sen to RM1.43. There were 124,200 shares traded. The FBM KLCI rose 4.39 points to 1,789.15. Turnover was 93.97 million shares valued at RM76.28mil. There were 125 gainers, 77 losers and 147 counters unchanged. On Monday, Bright Packaging proposed renounceable rights issue of 86.56 million new shares and 57.71 million free warrants. The rights issue would be on the basis of two rights shares for every one existing share held, together with 57.71 warrants on the basis of two warrants for every three rights shares subscribed. Bright Packaging said for illustrative purposes, the indicative issue price of the rights shares would be 55 sen per rights share. The exercise price of the warrants wouldl be determined and fixed by the board at a later date Assuming the exercise price of the warrants was 71.78 sen, the proposed rights issue of shares with warrants was expected to raise RM47.61mil based on the indicative issue price of 55 sen per rights share. Of the RM47.61mil, it said RM37.4mil would be used as capital expenditure and RM9.11mil as working capital. |
| Malaysia’s KLCI opens higher, Tenaga up Posted: KUALA LUMPUR: Malaysia's FBM KLCI opened higher on Wednesday amid a cautious market sentiment after the overnight fall on Wall Street, but gains in power giant Tenaga Nasional helped shore up the index. At 9am, the KLCI was up 2.59 points to 1,787.35. Turnover was 29.41 million shares valued at RM18.90mil. There were 61 gainers, 54 losers and 99 counters unchanged. Reuters reported Asian stocks and US stock futures clambered back into positive territory on Wednesday as hopes grew that frantic talks in Washington to avert a U.S. debt default could lead to a deal just before the Oct 17 deadline to lift the borrowing limit. Tenaga rose five sen to RM9.15 with 107,300 shares done. Petronas Dagangan added 60 sen to RM29.80. PPB Group advanced 16 sen to RM14.42 and KL Kepong 10 sen to RM22.90 while SOP rose six sen to RM5.77. UMW fell the most, down 12 sen to RFM12.14 while TM shed three sen to RM5.13. Glove makers Top Glove lost five sen to RM5.90 and Supermax three sen to RM2.50. |
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