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Trend indicates further headwind for banking sector
PETALING JAYA: CIMB Group Holdings Bhd is expected to see an 18% contraction in its financial year 2020 (FY20) earnings before a 3% rebound in FY21, said Maybank Investment Bank.
IT is a sign of the times when banks are told to start being sympathetic towards their customers and clients.
ALTHOUGH much uncertainty prevails amid the current global Covid-19 virus outbreak, the Malaysian banking system remains resilient, thanks to strong capital buffers - a result of prudent measures - undertaken over the years.
PETALING JAYA: A complete standstill in loan growth in the next few months as a result of a disruption by the movement control order (MCO) amid the outbreak of Covid-19 is expected for local lenders.
PETALING JAYA: A worst case scenario for banks in Malaysia amid the current Covid-19 situation, could see up to a 49% slash in profit estimates.
SINGAPORE: Due to illegal logging and deforestation, the population of dipterocarps – iconic trees that constitute the backbone of the Indo-Malayan rainforests – have decreased over the years.