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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.
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.
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.