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SINGAPORE: Singapore’s financial regulator will stick with its plans to award digital banking licences by the end of the year, undeterred by tightening scrutiny in China and the United States that’s hitting major Chinese applicants.
KUALA LUMPUR: Sime Darby Bhd posted a net profit of RM281mil in the first quarter of its financial year ended Sept 30, 2020, 14.2% higher than RM246mil in the previous corresponding quarter on strong growth in the group's motor division, especially in China.
KUALA LUMPUR: Bursa Malaysia was given a boost on Thursday after the RM322.5bil federal budget, the nation's largest ever, was passed despite a call by the Opposition for bloc voting.
PETALING JAYA: Genting Bhd saw its revenue improve to RM3.3bil for the third quarter ended Sept 30,2020 (Q3), compared with RM1.11bil in the second quarter of the year.
PETALING JAYA: Strong fiber adoption from the national digital network (Jendela) project, net additions for Unifi and higher growth for wholesale and data revenues are expected to lift Telekom Malaysia Bhd’s (TM) earnings going forward.
This can help country emerge from recession
KUALA LUMPUR: Smartcards and passport supplier Datasonic Group Bhd said the Covid-19 pandemic and the international travel curb have impacted its business, contributing to lower revenue and profits in the second quarter ended Sept 30.
Group banks on Budget 2021 development expenditure, rising steel prices and new plant
There have been big swings in the domestic market as strong bullish sentiment over a recovery is held in check by equally strong profit-taking from investors wary of being overly optimistic amid the ongoing pandemic.