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CIMB Thai quarterly net profit soars to RM42.26mil

PETALING JAYA: CIMB Thai Group’s net profit for the quarter ended March 31 jumped 92.5% year-on-year (y-o-y) to 325 million baht (RM42.26mil) on the back of operating income growth and a drop in provisions.

Local fund buying helps KLCI recoup early losses

KUALA LUMPUR: Blue chips closed Thursday off their intra-day lows as local funds were seen mopping up oversold banking stocks but key Asian markets ended mostly in the red on profit taking and due to trade tensions.

Ambank partners CGC to provide RM30mil for start-ups

KUALA LUMPUR: AmBank (M) Berhad (“AmBank”) and Credit Guarantee Corporation Malaysia Berhad (“CGC”) have entered a new strategic partnership to fulfil the financing needs of Small and Medium Enterprises (SMEs).

Exclusion from WGBI unlikely to have material impact on Malaysia

KUALA LUMPUR: RHB Banking Group believes a thorough review on the Malaysian bonds will be taken before global index provider FTSE Russell makes a final decision to withdraw local government bonds from the FTSE World Government Bond Index (WGBI).

Datuk Khairussaleh Ramli

RHB eyes 1 million mobile app users by year-end

KUALA LUMPUR: RHB Banking Group is looking to increase its active mobile banking users to one million by year-end following the launch of its new RHB Mobile Banking Application.

CIMB Thai's Q1 net profit soars 92% to 325m baht

KUALA LUMPUR: CIMB Thai Group's net profit for the quarter ended March 31, 2019, jumped 92.5% year-on-year (y-o-y) to THB325mil (RM42.26mil) on the back of operating income growth and a drop in provisions.

Daya’s subsidiary defaults on bank facilities

KUALA LUMPUR: Daya Materials Bhd has received two letters of demand from Malayan Banking Bhd (Maybank) as corporate guarantor for payment owing by its subsidiary, Daya Proffscorp Sdn Bhd (DPRO) pursuant to hire purchase facilities.