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Business 04 Jun 2003 | 12:00 AM

AmBank, AmFinance merger going well

AMBANK Group expects the consolidation of AmBank Bhd and AmFinance Bhd to be completed by its current financial year ending March 31, said head of retail banking Mohamed Azmi Mahmood.

Business 03 May 2003 | 12:00 AM

SMEs lending targets met

Kathy Fong, Izwan Idris, Elaine Ang and Yap Lih Huey report from the 2003 Malaysian Banking Summit.

Business 29 Mar 2003 | 12:00 AM

Amcorp to divest non-core assets

ARAB-MALAYSIAN Corp Bhd (Am-corp) plans to divest non-core assets to strengthen its financial position and give more focus to its business as it attempts to narrow the gap between its share price and revalued net asset backing of RM1.30 a share, managing director Soo Kim Wai said.

Business 25 Feb 2003 | 12:00 AM

Challenging time ahead for banks

THE latest financial results reported by banks reveal the fact that earnings are mainly driven by lower provisions for non-performing loans and growth is rather difficult to achieve amid the continued slow loans growth in the country.

Business 22 Feb 2003 | 12:00 AM

AHB after-tax profit 68.5% up

AMMB Holdings Bhd (AHB) has achieved a 68.5% growth in after-tax profit to RM228.1mil for the nine months ended Dec 31, 2002, from RM135.39mil in the previous corresponding period.

Business 20 Feb 2003 | 12:00 AM

Prime rate cut seen as no elixir for S’pore economy

SINGAPORE'S first prime rate cut in 17 months could deliver a minor boost to car and home purchases, but most experts doubt the surprise 25-basis-point easing will hasten economic recovery.

Business 23 Jan 2003 | 12:00 AM

Foreign business news in brief

Foreign business news in brief including from Bangalore that Indian affiliates of Hong Kong#8217;s Hutchison Whampoa Ltd have claimed a world first with the launch of a service in which mobile phones are automatically updated with text news headlines.

Business 06 Jan 2003 | 12:00 AM

How sustainable is our recovery?

Going into 2003, Malaysia economic recovery is expected to be sustainable in spite of a slowing US economy. We see real GDP sustaining at 4.3% in 2003 (2002e: 4.0%).