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Maybank posts record earnings, net profit up 14%
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.
O&G stocks weigh on Bursa; exploration, production seen slowing
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.
United in protecting women
YOUTH and Sports Minister Khairy Jamaluddin stepped on a skateboard to symbolise his ministry’s support of the “Sirom Walk The Talk – Men on Board – Stop Violence Against Women” event to be held on Nov 30.
Maybank posts earnings of RM1.61b in Q3 (Update)
KUALA LUMPUR: Malayan Banking Bhd (Maybank) posted earnings of RM1.608bil in the third quarter ended Sept 30, 2014, which was an improvement from the second quarter’s RM1.58bil.
Moratorium for Maybank customers hit by flood
PETALING JAYA: Malayan Banking Bhd (Maybank) is offering a six-month moratorium for loans and waiving charges on a case-by-case basis for customers in flood-hit areas.
Pressure easing on ringgit
PETALING JAYA: The ringgit is not likely to weaken much even if the fiscal budget deficit target of 3% is not met, owing to a revision in Budget 2015.
Bank and insurance companies waiving fees and speeding up process
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.
RM7bil of TNB's market cap wiped out after tariff cut announcement
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.
Time to give back to the community
THE removal of fuel surcharges by some airlines on lower oil prices has sparked questions on whether companies that use a lot of oil should also drop prices.
Mixed views on second-half prospects
THE first half of the year, wrought with several difficult issues, makes people wonder about prospects for the second half. While some are positive of the second half, others are generally cautious, expressing uncertainty due to a host of factors.
