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KUALA LUMPUR: AmanahRaya Bhd’s fund management was found to be inefficient as the fund had experienced a deficit from 2008 to 2019, according to the Auditor General Report (LKAN) 2019 Series 1.
MANILA (Philippine Daily Inquirer/ANN): The Philippines’ return to prepandemic economic growth levels will take longer than expected, with next year’s expansion likely to remain constrained by downside risks, including challenges to the distribution of the coronavirus vaccine.
BANGKOK (Bloomberg): Thailand's taboo-breaking demonstrations are about more than the right to criticise the monarchy without fear of going to prison: Protesters want taxpayers to control investments and real estate worth tens of billions of dollars.
Salesforce on Dec 2 announced a US$27.7bil (RM112.94bil) deal to buy online collaboration firm Slack, giving the business software giant a broader array of tools as the pandemic fuels a remote work trend.
BANGKOK: Thailand’s biggest manager of distressed assets is bracing for another difficult year in 2021, as the economy faces more headwinds from the pandemic.
PETALING JAYA: Kenanga Investment Bank Bhd has benefited from a robust stock market with its pre-tax profit for the first nine months of its financial year 2020 rising to more than a decade high.
BEIJING: China is making a final sprint to eliminate absolute poverty as it marches towards a moderately prosperous society.
KUALA LUMPUR: Public Bank Bhd recorded strong sequential earnings growth in the third quarter ended September of RM1.39bil and an improvement from a year ago, boosted by higher income from investments, stock broking, fund management and Islamic banking.
KUALA LUMPUR: Public Bank posted net profit of RM1.39bil in the third quarter ended Sept 30,2020, a slight increase of 2.2% from RM1.36bil a year ago, underpinned by higher income from investments, stock broking, fund management and Islamic banking.
KUALA LUMPUR: Alliance Bank Malaysia Bhd posted net profit of RM103.99mil in its second quarter ended Sept 30,2020 compared with RM115.52mil a year ago mainly due to prudent higher reserves.