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PETALING JAYA: Public Bank Bhd, the country’s second largest bank by market capitalisation, began the financial year of 2020 (FY20) with a 5.7% year-on-year (y-o-y) fall in net profit for the first quarter.
KUALA LUMPUR: The international reserves of Bank Negara Malaysia rose US$100mil over a two-week period to US$102.6bil as at May 15, 2020.
KUALA LUMPUR: Public Bank Bhd's net profit fell by 5.7% to RM1.33bil in the first quarter ended March 31,2020 from RM1.41bil a year ago as the banking industry faced heightened earnings pressure.
Peru will allow some locals free admission to Machu Picchu and other archaeological sites in a bid to kickstart its tourist industry, the government said recently.
FRANKFURT: Deutsche Lufthansa AG said it’s close to a multi-billion euro bailout deal that would see the state become its biggest shareholder after the coronavirus punctured a decades-long boom in air travel.
FRANKFURT: Deutsche Lufthansa AG’s management said the need for a multi-billion-euro coronavirus bailout was becoming “urgent”, as talks with the government in Berlin drag on.
PETALING JAYA: Petronas Dagangan Bhd’s (PetDag) scope for dividend payments is set to continue, considering that it has sufficient cash balance and reserves