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MBSB third-quarter profit higher by 21%

PETALING JAYA: Malaysia Building Society Bhd (MBSB) saw a 21% jump in net profit for the third quarter ended Sept 30, due to a lower charge of impairment allowances on loans and financing.

MBSB group president and chief executive officer Datuk Seri Ahmad Zaini Othman(pic) said: “The group’s improved financial results are attributed to the lower impairment allowances on loans and financing in the current year, following the completion of the three-year impairment programme in December 2017, as well as the implementation of the MFRS9 compliant impairment model in January this year.”

MBSB Q3 earnings up 21% to RM121.9mil

KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) net profit rose 21% to RM121.96mil in the third quarter ended Sept 30, compared with RM100.73mil a year ago, due to lower charge of impairment allowances on loans and financing.

MBSB group president and CEO Datuk Seri Ahmad Zaini Othman

Malaysia ups pressure on Goldman with calls for return of fees

KUALA LUMPUR: Malaysia is stepping up pressure against Goldman Sachs Group Inc. as leader-in-waiting Datuk Seri Anwar Ibrahim called for “more aggressive” claims against the bank, after the finance minister said the country is seeking a full refund of all the fees it paid for 1MDB deals.

Datuk Seri Anwar Ibrahim called for “more aggressive” claims against Goldman Sachs

Sanichi to venture into remittance business

PETALING JAYA: Sanichi Technology Bhd plans to tap into cross-border money remittance business through its upcoming joint-venture (JV) with a publicly-listed Indonesian state-owned enterprise (SOE).

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