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Lenders increase client scrutiny
Higher level of due diligence is given to sectors deemed vulnerable to Covid-19
CPI expected to continue declining
PETALING JAYA: The country’s Consumer Price Index (CPI), which measures the national inflation rate, is expected to continue declining until the third quarter of 2020.
Pressure on Alliance Bank’s asset quality seen
PETALING JAYA: Alliance Bank Malaysia Bhd’s high exposure to the small and medium enterprise (SME) segment could pose a risk to its asset quality, says UOB Kay Hian Research.
Alliance Bank reduces lending rates from Friday
KUALA LUMPUR: Alliance Bank Malaysia Bhd will reduce its base rate, base lending rate and base financing rate by 50 basis points effective Friday.
Profit of banks forecast to fall 14.4% on waiver
PETALING JAYA: The move by banks not to charge additional interest on hire-purchase (HP) loans for the six-month moratorium period may lower banks’ financial year (FY) forecast net profit for this year and next year by 14.4%.
Banks could face modification loss of RM4.4b on HP instalments
KUALA LUMPUR: Maybank Investment Bank Research estimates the one-off “Day One” provision, or modification loss under MFRS 9, following the banks’ decision not to charge additional interest on hire-purchase (HP) instalments, could be about RM4.4bil.
Gradual recovery for manufacturing
PETALING JAYA: The Malaysian manufacturing sector’s performance could remain weak for the next several months, even with the gradual ramp-up in business activities after the conditional movement control order (CMCO) began yesterday.
Banking outlook seen challenging
PETALING JAYA: The outlook remains unfavourable for banks in Malaysia, as earnings are expected to shrink, while assets might deteriorate while liquidity and funding could come under pressure due to new measures introduced by Bank Negara.
Bracing for a recession
OVER the past couple of months, financial markets have fluctuated wildly due to the Covid-19 pandemic and collapse of crude oil prices since early March. Warnings of an imminent global recession have been ringing louder than ever.