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Lenders want to ensure financing reflects true value of property
PETALING JAYA: Moody’s Investors Service has said that Malaysia’s three largest banks by assets face growing pressure on profitability from the coronavirus-led downturn, with asset quality likely to deteriorate from 2021 as loan repayment moratoriums expire.
PETALING JAYA: As his teammates struggle with their finances after Kedah failed to pay their salaries for three months, leftback Azmeer Yusoff is going on with his life unperturbed.
HONG KONG (AFP): Optimism over the reopening of major economies across the planet helped push most markets higher Thursday (May 28), as investors looked past building China-US tensions for now, though there remain worries about the uncertain global outlook.
BANGKOK (The Straits Times/ANN): The Thai government on Wednesday (May 27) defended its 1.9 trillion baht (S$85 billion) stimulus plan to cushion the economic blow from the Covid-19 pandemic and to strengthen the kingdom's healthcare system.
HONG KONG (AFP): Optimism over the reopening of major economies across the planet continued to push equities higher Thursday (May 28), as investors looked past building China-US tensions for now, though there remain worries about the uncertain global outlook.
PETALING JAYA: Public Bank Bhd’s first quarter results for the 2020 financial year (FY20) of RM1.33bil were largely within analysts estimates although it did show some effects from the Covid-19 pandemic.
Recovery plan worth RM453mil to assist businesses
PETALING JAYA: Following a dismal start in the first quarter of financial year 2020 (1Q20) and provisioning likely to remain elevated, analysts have cut CIMB Group Holdings Bhd’s earnings estimates for this year and next.