Budget 2021: Banks positive over support for Rakyat, businesses

The banking sector responds to Budget 2021.

AmBank extends repayment aid plan until June 2021

AmBank extends repayment aid plan until June 2021

KUALA LUMPUR: AmBank Group is extending its targeted repayment assistance programme until June 30,2021 to support SMEs and Malaysians affected by Covid-19 pandemic.

Bringing SMEs beyond Covid-19

AS most businesses around the world grapple to stay open and survive amidst the pandemic, some have thrived beyond expectations despite the impact of Covid-19.

Swift Haulage sets up RM500m sukuk, secures RM231m working capital

KUALA LUMPUR: Integrated logistics services provider, Swift Haulage Sdn Bhd has set up a RM500mil unrated Sukuk programme while it has also secured RM231mil working capital facilities.

AMMB loses RM25m for every 25bp cut in OPR

KUALA LUMPUR: AMMB Holdings Bhd is expecting a loss of RM25mil in revenue for every 25 basis points (bps) cuts in the overnight policy rate (OPR), which has projected to be around 1.25-1.50 per cent for 2020.

Stronger 1Q performance by AMMB

PETALING JAYA: AMMB Holdings Bhd posted an underlying net profit of RM416.7mil, up by 6.5%, in the first quarter (Q1) ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provision

AMMB posts higher underlying net profit of RM416.7m in 1Q

KUALA LUMPUR: AMMB Holdings posted underlying net profit of RM416.7mil, up by 6.5%, in the first quarter ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provision. It said on

Helping hand for SMEs

Small and medium enterprises (SMEs) are the engine of economic development for a country.

AmBank posts net profit of RM1.34b in FY end March 31

KUALA LUMPUR: AMMB Holdings Bhd posted net profit of RM1.34bil for FY ended March 31,2020, down by 10.9% from RM1.50bil a year ago due to a net impairment charge after taking pre-emptive macro provision in the final quarter due to the Covid-19 pandemic.