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KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week boosted by stronger soybean oil prices.
PETALING JAYA: The unstoppable streak of the oil price rally may seem like the end of the tunnel is near for the oil and gas (O&G) sector.
Payment is to resolve claims related to 1MDB and SRC
KUALA LUMPUR: AMMB Holdings Bhd has strengthened and enhanced its processes to meet with the current regulatory standards.
KUALA LUMPUR: AMMB Holdings Bhd will set aside RM2.83bil for global settlement over the 1MDB matter in its last quarter ended March 31, but assured investors that the bank has enough capital to absorb the hit.
KUALA LUMPUR: RHB Bank recorded an 18.1% decline in net profit to RM2.03bil in the financial year ended Dec 31, 2020, as compared to RM2.48bil in the previous year due to the net modification loss arising from the loan moratorium and higher expected credit losses.
NEW YORK: Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported a third consecutive record profit and quarterly sales above $100 billion for the first time
PETALING JAYA: Despite the Covid-19 pandemic showing no signs of abating, the Malaysian banking sector as a bellwether of the economy is expected to hold up from being downgraded by international rating agencies.
BEIJING: China’s small and medium-sized enterprises (SMEs) registered stable recovery in the fourth quarter (Q4) of 2020 as the country’s economy demonstrated strong resilience and vitality.