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AT a time when many large enterprises are shaving their dividend payments to conserve cash, the case of Affin Bank Bhd is noteworthy.This week, the bank said that its bid to cut its full-year dividend for 2019 to five sen a share from seven sen was rejected by Bursa Malaysia.
THE US dollar appreciated by 0.41% to 99.89 owing to worsening US-China relations following:
REVIEW: The confidence that accompanied the rebound in global equities showed signs of wearing down amid renewed conflict between the US and China. The prospect of a resumption of the trade war sent investors scurrying for cover as it risked further damaging the global economy.
KUALA LUMPUR: Hong Leong Bank has approved RM1.3bil of facilities under the Bank Negara Malaysia Special Relief Facility (SRF) for over 1,600 small and medium enterprises (SMEs) up to April 30.
KUALA LUMPUR: Standard Chartered Malaysia is lowering its base rate (BR) and base lending rate (BLR) by 50 basis points to 2.52% and 5.7% per annum respectively on May 14.
KUALA LUMPUR: The earnings of banks will come under pressure following a government-initiated move to get financial institutions to waive the accrued interest on hire-purchase (HP) loans for six months.
Fitch Solutions says rate could hit 1%, a new record low for Malaysia
KUALA LUMPUR: Fitch Solutions Country Risk & Industry Research expects the Overnight Policy Rate (OPR) to be cut to 1.00% by the end of 2020.