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PETALING JAYA: CIMB Group Holdings Bhd expects the second half of 2020 to remain challenging and loan loss provisions to remain elevated.
THE second quarter earnings season holds no major surprises for corporate Malaysia. With the economy grouded to a halt due to the movement control order, most businesses were already anticipated to be badly hit operationally and financially. However, glove makers are clearly an exception.
KUALA LUMPUR: The oil and gas industry is experiencing its third price collapse in 12 years but after the first two shocks, the industry rebounded and business continued as usual.
BEIJING: China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production, but the services sector expanded at a solid rate in a boost to the economy as it continues to recover from the coronavirus shock.
KUALA LUMPUR: Kenanga Investment Bank Research is positive over Bumi Armada Bhd for its resilient earnings base in the FPSO space, which continues to display strong recovery trends.
PETALING JAYA: The Malaysian financial market remains resilient and continues to function efficiently despite a challenging global economic environment from the Covid-19 pandemic, said the Financial Markets Association Malaysia.
NEW YORK: What does Warren Buffett see in Japan’s biggest trading companies?
KUALA LUMPUR: Hong Leong Bank Bhd has introduced its environmental, social and governance (ESG) considerations in its credit evaluation of its SME and corporate customers.
KUALA LUMPUR: Kenanga Investment Bank Research upgraded Padini Holdings Bhd to "outperform" as it expects the fashion retailer to see a gradual recovery in the second half of the year with support from sales during the festive periods.