CIMB sends the region's top junior golfers to TPC Sawgrass, Florida, for intensive training

Kuala Lumpur, Malaysia: CIMB Group today awarded 8 of the region's top junior golfers with Scholarships for an overseas training stint. This is part of the CIMB Junior Golf Development Programme, the which is the junior development program of the Asia Pacific Classic CIMB, Malaysia.

The intensive training program will from be conducted by the PGA TOUR Academy at its headquarters at TPC Sawgrass in Florida from 13 to 20 December 2010.

The juniors, 4 boys and 4 girls, hail from Malaysia, Indonesia, Singapore and Thailand. They are Evrin Hee Loy Chang and Ying from Malaysia, Jordan Surya Irawan and Nadya Rosiana from Indonesia, Danthai Boonma and Virunpat Olankitkunchai from Thailand, and Tan Yan Sun and Rachel Lim from Singapore.

They received the Scholarships from Dato 'Sri Nazir Razak, Group Chief Executive of CIMB Group. Also present at the event were the resource persons Ty Votaw, Executive Vice President, Communications & International Affairs of the PGA TOUR and Shane Gillespie, Head Instructor of the PGA TOUR Academy at Orlando as well as representatives from the golf associations of the four countries.

Speaking at the event, Dato 'Sri Nazir Razak said, "We are very pleased That through our title sponsorship of the CIMB Asia Pacific Classic, Malaysia, We Are Able to create development opportunities for the region's top juniors with top coaches from the United States and Are Also Able to link with the PGA TOUR Them. "

"We believe That this corporate social responsibility initiative of the Group will from lay a strong foundation in building future golf professionals in the region," he added. The juniors from both the Under-12 and Under-15 age groups, are part of the 60 junior golfers from Malaysia, Indonesia, Singapore and Thailand Who Are Part of the CIMB Junior Development Programme.

The program is Designed and conducted by the PGA TOUR Academy. Kicking off the CIMB Junior Development Programme training camps this year were the resource persons conducted in June and September by the TOUR Academy's top coaches - Travis Fulton, Shane Gillespie and John Stahlschmidt.

16 of the program's junior golfers are Also present at the CIMB Asia Pacific Classic, Malaysia and have undergone coaching Clinics conducted by professionals taking part in the tournament - Arjun Atwal, Ricky Barnes and Shih Beng Lam.

Forex Strong U.S. manufacturing data, Dollar Rise

U.S. dollar rose against other major currencies on Monday (01/11/2010) local time, driven by strong manufacturing data in the United States and China.

The euro traded at 1.3897 dollars around 2200 GMT, down from 1.3929 dollars late Friday.

Against the Japanese currency, the dollar rose slightly to 80.49 yen from 80.42 yen on Friday.

Traders took a pause ahead of U.S. Federal Reserve announcement on Wednesday that are expected to resume large-scale purchases of bonds in an effort to promote economic recovery is sluggish.

Investors also are on the tense and nervous ahead of U.S. elections on Tuesday and key government data on payment of monthly salaries and pegangguran on Friday, analysts said.

"The market has a lot to digest this week," said David Gilmore of Foreign Exchange Analytics. "People will feel much better having all the information on Friday."

Dollar received a boost from major industry survey menunjukka U.S. manufacturing unexpectedly rose in October, raising hopes for the latest quarter rose that can support economic recovery.

Institute of Supply Management said its purchasing managers index jumped to 56.9 percent from 54.5 percent in September, driven by strong increases in new orders and production.

The increase was much stronger than the 54.0 percent decline expected by most analysts.

The data comes after a report that China's manufacturing activity hit a six-month in October.

In late New York trading, the dollar was taken 0.9913 Swiss francs, up from 0.9825 on Friday.

The pound rose to 1.6042 dollars from 1.6022 dollars.