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Breakfast briefing: Monday, May 15 (Update)

Breakfast briefing: Monday, May 15

MBSB-AFB merger on track, valuation being negotiated

KUALA LUMPUR: The merger and acquisition talks between Malaysia Building Society Bhd (MBSB) and Asian Finance Bank Bhd (AFB) are on track with the only concern being valuation.

MBSB swings back to profit in Q4

PETALING JAYA: Malaysia Building Society Bhd (MBSB) reported a net profit of RM45.64mil for its fourth quarter ended Dec 31, 2016 (Q4’16), thanks to higher financing income from the corporate segment.

MBSB net profit at RM201.4mil in FY16

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) posted a net profit of RM45.6mil in the fourth quarter ended Dec 31, 2016, compared with a net loss of RM15.8mil in the same period a year ago.

Late Abdul Ghafar Baba and Zabidi to receive Datuk Seri Utama title on City Day

PETALING JAYA: Former deputy prime minister, the late Tun Abdul Ghafar Baba and former Public Service Department (PSD) director-general Tan Sri Mohamad Zabidi Zainal head the list of 375 recipients of awards and medals conferred in conjunction with this year’s Federal Territory day.

Merger optimism, valuations spark MBSB rally

THE new year has seen a resurgence in financial stocks with Malaysia Building Society Bhd (MBSB) a clear leader among its peers.

Breakfast briefing: Tuesday, December 6

Breakfast briefing: Tuesday, December 6

MBSB to complete impairment by next year

PETALING JAYA: Malaysia Building Society Bhd (MBSB), whose earnings have been impacted by impairments for almost two years, hopes to end its impairment programme by next year, says its president and chief executive officer Datuk Ahmad Zaini Othman.

Ecofirst secures RM189.9m from MBSB for Ampang Ukay project

KUALA LUMPUR: Ecofirst Consolidated Bhd's unit has secured RM189.95mil financing from Malaysia Building Society Bhd (MBSB) which be used to purchase the land and build its RM5bil Ampang Ukay property project.

MBSB income continues to decline on impairment losses

PETALING JAYA: Non-bank lender Malaysia Building Society Bhd’s (MBSB) net profit fell 8.8% to RM57.93mil for the third quarter ended Sept 30, 2016 from RM63.53mil in the same period, a year ago, on higher allowances for impairment losses on loans, advances and financing.