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PETALING JAYA: Construction stocks, earlier thought of as recovery stocks, may be one of those which have hit a snag as cases of Covid-19 in the country see a return, with no sure signs of slowing down.
RAM Ratings has assigned preliminary ratings to the proposed RM850mil first tranche medium term notes under the issuer IGB Commercial REIT Capital Sdn Bhd’s perpetual RM5bil MTN programme.
Malayan Banking Bhd has reaffirmed it will continue to provide repayment assistance to support its individual and Small and Medium Enterprise (SME) customers whose livelihoods have been impacted by the Covid-19 pandemic.
Malayan Banking Bhd (Maybank) and CIMB Bank Bhd have reaffirmed their commitment to help small and medium enterprises (SMEs) and individuals during the nationwide Movement Control Order (MCO) 3.0.
SYDNEY,: Qantas Airways Ltd on Thursday announced fresh cost-cutting initiatives to help it weather the coronavirus crisis but said its debt levels had peaked and were beginning to reduce as it swung to a cash-flow positive position in the second half.
CGS-CIMB Equities Research expects stronger quarters for infrastructure company Taliworks Corporation Bhd, underpinned by a sustained turnaround in associate earnings and gradual recovery in toll revenue.
PETALING JAYA: LBS Bina Group Bhd’s net profit more than doubled to RM25.34mil for the period between January and March this year compared to RM18.86mil a year ago.