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KUALA LUMPUR: Malayan Banking Bhd posted net profit of RM6.48bil in the financial year ended Dec 31,2020 compared with RM8.20bil a year ago due to higher impairment losses due to the continued impact from the Covid-19 pandemic.
SINGAPORE: Chinese national banks and Australia's Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations.
THE cost of higher education may sometimes be prohibitive for students with limited financial resources.
JAKARTA (The Jakarta Post/ANN): Bank Central Asia (BCA), Indonesia’s largest privately owned bank, has seen its net profit dip for the first time in at least 16 years as the Covid-19 pandemic affected loan demand and credit repayments.
WELLINGTON: New Zealand is clamping down on property investors in an attempt to rein in spiralling house prices.
From WONG TECK JIN Petaling Jaya.
NEW YORK: Anger is building in the senior ranks at Bank of America Corp after the company waived an unpopular new bonus policy for top traders and dealmakers while keeping the plan in place for other employees.
DISCERNING investors could eke more gains out of developing-nation bonds, but the bulk of the rally in the riskiest corners of the market may have passed.
JAKARTA (The Jakarta Post): Indonesia is seeking to boost its currently limited syariah finance sector with the launch of Bank Syariah Indonesia (BSI) this week, the country’s largest syariah bank.