Singapore pushes digital banks in face of tightening security

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.

Sime Darby's motor division recovery propels 1Q net profit to RM281mil

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.

Market jumps after Budget passed in parliament

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.

Genting group sees strong improvement in Q3 on business resumption

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.

The Jendela project boost to TM’s earnings

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.

Indonesia’s banks resist pressure to lower rates

This can help country emerge from recession

Pandemic and travel curbs hit Datasonic Q2 earnings 

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.

Worst is over for Hiap Teck

Group banks on Budget 2021 development expenditure, rising steel prices and new plant

Bulls roam higher on budget approval

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.

ASNB declares 3.32 sen income distribution for Imbang 1