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August 30, 2018 6:58 AM RHB grows Q2 net profit by 12.2% on higher net interest income and lower credit losses

PETALING JAYA: RHB Bank Bhd grew second quarter ended June 30, 2018 net profit by 12.2%, on higher net interest income, income from Islamic banking business and significantly lower credit losses. Lower credit losses was mainly due to a RM19.0 million charge for equity instruments designated at fair value through other comprehensive income for the quarter 9

August 28, 2018 1:22 PM Hong Leong Bank Q4 net profit up 30%

PETALING JAYA: Hong Leong Bank Bhd’s net profit for the fourth quarter ended June 30, 2018 jumped 30% to RM626.01 million from RM482.92 million a year ago due mainly to higher net income, lower operating expenses, lower allowance for impairment losses on loans, advances and financing, higher writeback of impairment losses on financial investments and higher 4

August 15, 2018 2:51 PM Public Bank posts 4.8% jump in Q2 net profit, declares 32 sen dividend

PETALING JAYA: Public Bank Bhd's net profit for the second quarter ended June 30, 2018 rose 4.8% to RM1.40 billion from RM1.33 billion a year ago due mainly to higher net interest income, higher income from Islamic banking business, lower loan impairment allowance and higher net fee and commission income. Revenue jumped 5.2% to RM5.44 billion compared 14

August 13, 2018 1:28 PM Maybank IB named best investment bank for fourth time

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) was named the best Malaysian investment bank for the fourth time in a row in the Euromoney Awards for Excellence 2018. According to Euromoney, the accolade has been conferred on Maybank for its strong performance during the period under review. “Maybank IB had gone from strength to strength as a regional 13

August 13, 2018 9:48 AM Bursa Malaysia ends lower on selling pressure

KUALA LUMPUR: Bursa Malaysia ended lower today on selling pressure across-the-board as market sentiment remained volatile due to external factors, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was lower at 1,783.40, down 22.41 points, from Friday's close of 1,805.75. The index opened 2.10 points lower at 1,803.65 and moved between 19

August 10, 2018 6:55 AM Nomura cautious on local stock market on possible macro risks, regime change

KUALA LUMPUR: Nomura, which has set end-2018 FBM KLCI target at 1,830 points, remains neutral on Malaysia's stock market, citing that macro risks and regime change may weigh on the country's equity market performance this year. However, its head of Malaysia Equity Research Tushar Mohata said at a media briefing today that possible upside would be premised 14

August 6, 2018 2:05 AM Khazanah’s ‘big and heavy’ trove

ESTABLISHED in 1993, Khazanah began its operation a year later after assuming a custodial role in managing the government's commercial assets as well as investing in strategic and high-technology sectors. Over the years, the fund has been investing in the key areas such as aviation, automotive, healthcare and banking. The year 2004 marked its strategic 9

July 27, 2018 11:31 AM Maybank Indonesia posts lower earnings in first half of 2018

PETALING JAYA: Malayan Banking Bhd's (Maybank) Indonesian unit PT Bank Maybank Indonesia Tbk's net profit fell 6.6% to Rp932.7 billion (RM264 million) for the first six months ended June 30, 2018 compared with Rp998.5 billion in the previous corresponding period, due primarily to lower fee-based income and a slight compression in net interest margin 13

July 27, 2018 1:13 AM Teo hits out against those misrepresenting her statement on PTPTN defaulters

KUALA LUMPUR: Deputy Education Minister Teo Nie Ching said today that she is disappointed that her statement on National Higher Education Fund (PTPTN) borrowers had been twisted by some media and netizens on social media. Teo said her statement in the Dewan Rakyat earlier this week did not mean that defaulters would be placed on the bankruptcy list. "I am disappointed 7

July 22, 2018 7:36 AM Economic Affairs Ministry to provide check and balance for Finance Ministry: Analyst

PETALING JAYA: The Institute for Public Leadership today said portfolio rationalisation between the Economic Affairs and Finance Ministries is to provide a check and balance and avoid cases of financial mismanagement as in the past. Its president, Datuk Mohd Radzi Abd Latif said being an accountant, Finance Minister, Lim Guan Eng understood the fundamental 9