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KUALA LUMPUR: Malayan Banking Bhd, the country’s largest bank by market capitalisation, has posted stellar earnings – a record high RM6.55bil – for the financial year ended Dec 31, 2013 (FY13), representing a 14% gain from RM5.75bil a year ago.
PETALING JAYA: Slumping crude oil prices in the global market are taking the shine off oil and gas (O&G) counters amid growing worries that exploration and production (E&P) activities may slow down and contractors’ margins will be squeezed.
PETALING JAYA: Banks and insurance firms are helping to get flood victims back on their feet by way of fee waivers, expedited claims and express loan applications, among others.
PETALING JAYA: Tenaga Nasional Bhd (TNB) took a beating following the Government’s decision to cut electricity tariffs, wiping out RM7.34bil from its market capitalisation in minutes.