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KUALA LUMPUR: RAM Ratings expects financing growth of Islamic banks to decline to below 5% in fiscal 2020, from 8.3% in 2019 due to the fallout from the Covid-19 pandemic.
KUALA LUMPUR: CIMB Group Holdings Bhd confirmed that one of its employees, based at CIMB’s call centre in Menara Southern Bank (MSB), was tested positive for the Covid-19 virus.
THE Covid-19 pandemic has caused a devastating impact to the world and Malaysia. It has posed immense challenges to businesses as well as ordinary Malaysians – where household incomes continue to decline and jobs are at risk.
PETALING JAYA: Mediums that cannot be accessed from home are already feeling the impact of the coronavirus (Covid-19), according to Magna Malaysia chief investment officer Audrey Chong.
CHINA'S trillion dollar asset-management market opens wider this week, forcing BlackRock Inc., Vanguard Group Inc. and other global firms to make a strategic decision: Go it alone or work with an entrenched local partner.
KUALA LUMPUR: The ringgit is expected to continue its upward momentum against the US dollar next week amid cautious trade, supported by positive global and domestic economic developments, dealers said.
NEW YORK: Wall Street stocks tumbled on Friday, ending a massive three-day surge after doubts about the fate of the U.S. economy resurfaced and the number of coronavirus cases in the country climbed.
THE past five trading days saw the FBM KLCI bouncing off from a low of 1,208 points on March 16 to reach as high as 1,353 points on Friday before closing at 1,343 points.
BEIJING: China’s big banks posted record earnings last year, beefing up their capacity to cope with the virus outbreak that is threatening to throw the nation into the worst economic slump in four decades.
WHEN the conoravirus (Covid-19) first hit the news sometime in December last year, nobody would have thought that it would lead to a global crisis. Two weeks ago, many were staring at a 1930s kind of depression as the world was hit by the perfect storm.