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Public Bank posts net profit of RM4.87bil in FY20, declares 13 sen payout
KUALA LUMPUR: Public Bank Bhd posted lower net profit of RM4.87bil in the financial year ended Dec 31,2020 due to one-off Day One net modification loss, negative effect of the reduction in the Overnight Policy Rate (OPR) and higher loan impairment allowance.
Higher earnings for Manulife Holdings
KUALA LUMPUR: Manulife Holdings Bhd posted net profit of RM23.41mil in the fourth quarter ended Dec 31,2020 boosted by net realised gains and net fair value gains from its equity investments.
Sykt Takaful Malaysia posts net profit of RM362.4m in FY20
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (STMKB) posted net profit of RM362.42mil in the financial year ended Dec 31,2020, a dip of 1% compared with RM364.84mil in FY19.
Zafrul: Amir Hamzah right candidate as EPF CEO
KUALA LUMPUR: Datuk Seri Amir Hamzah Azizan’s strong credentials made him the best choice to lead the Employees Provident Fund (EPF) as its chief EPF officer (CEO), says Tengku Zafrul Tengku Zafrul Tengku Abdul Aziz.
POSITIVE FORECAST FOR EPF DIVIDEND
DESPITE the headwinds last year, the Employees Provident Fund (EPF) may declare a dividend rate ranging from 4.0% to 5.5% for 2020, according to a number of economists.
EPF’s diversification pays off
EVERYTHING points to the Employees Provident Fund (EPF) declaring a commendable dividend for 2020. The fund with RM950bil under its belt is expected to declare a dividend rate that is almost the same as Amanah Saham Bumiputera (ASB) or more.
Maybank IB maintains 'buy' on Allianz
KUALA LUMPUR: Maybank Investment Bank Research maintained its "buy" call on Allianz Malaysia Bhd despite a lower profit forecast for FY21.
The Week That Was - Felda, FGV, CPO, EPF, ASB
THE Federal Land Development Authority on Tuesday said it intended to take FGV Holdings Bhd private after its takeover offer of RM1.30 became unconditional.
EPF sees Q3 gross investment income of RM17.3bil
KUALA LUMPUR: The Employees Provident Fund (EPF) has recorded a gross investment income of RM17.33bil for the third quarter this year.
