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KUALA LUMPUR: Heightened political uncertainty due to the collapse of the Pakatan Harapan (PH) government is likely to give rise to higher volatility in Malaysia's financial markets and potentially spur some capital outflows, S&P Global Ratings said.
BANGKOK: A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha.
NEW YORK (Bloomberg): Morgan Stanley had just ended a decade-long drought of major takeovers by top US banks with his surprise deal to buy E*Trade Financial Corp for US$13bil.
PETALING JAYA: An improvement in fee-based income in the financial year ended Dec 31, 2019 (FY19) helped lift PT Bank Maybank Indonesia Tbk’s gross operating income by 3.7% to 10.8 trillion rupiah (RM3.17bil) from 10.4 trillion rupiah in FY18.
SINGAPORE: Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
WHILE the world is now panicking on the severity of the coronavirus (Covid-19) outbreak, from a financial standpoint, how should investors react? Also is the epidemic risk the biggest risk the market is now facing?
JAKARTA: Indonesia's economic growth in the final quarter of 2019 was the slowest in three years, hit by a weakening global economy, and despite supportive efforts by policy makers that included four rate cuts by the central bank.
PETALING JAYA: Digital will continue to energise adspend growth in Malaysia and is forecast to grow 17.2%, reaching US$522mil and 37.7% share of total market spend this year, according to the latest global forecast by Dentsu Aegis Network.
JAKARTA: Foreign direct investment (FDI) into Indonesia in 2019 fell short of the target, but the country’s investment board chief is confident plans for regulatory changes will boost investors’ interest in South-East Asia’s largest economy.
JAKARTA: Foreign direct investment (FDI) into Indonesia in 2019 fell short of the target, but the country's investment board chief is confident plans for regulatory changes will boost investors' interest in Southeast Asia's largest economy.