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Better outlook puts MBSB on the radar

MBSB Bank Bhd sprang a surprise with an unexpected surge in impairment allowances for the first quarter ended March 31, 2019 (1Q19).

Bank Alkhair is said planning to exit Malaysian market

KUALA LUMPUR (Bloomberg): Bahrain’s Bank Alkhair BSC is planning to exit Malaysia after operating in the world’s biggest Islamic bond market for more than a decade, people with knowledge of the matter said.

MBSB FY18 net profit up 54% to RM642.4m

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) reported 54% jump in its net profit for the financial year ended Dec 31, 2018 at RM642.20mil, underpinned due to lower impairment allowances and partly set off by higher operating expenses.

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Tricky proposition for Khazanah in CIMB

AFTER Khazanah Nasional Bhd’s partial divestment in IHH Healthcare Bhd, there are at least six locally-listed companies which could see a reduction in shareholding by the sovereign wealth fund (SWF).

StanChart weighs options for Malaysia Islamic arm

KUALA LUMPUR: Standard Chartered Plc is considering options for its Islamic banking unit in Malaysia, including a potential sale, people with knowledge of the matter said.

Will need more than the kitchen sink

THE property sector has been sluggish for some years and after a lot of cajoling for property developers to voluntarily reduce prices, the government has joined hands with them to launch a six-month Home Ownership Campaign.