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Serba Dinamik net profit soars to RM631.7mil in 2020
KUALA LUMPUR: Serba Dinamik Holdings Bhd said its net profit in the last quarter jumped 43% to RM202mil, as revenue swelled by a third to RM1.81bil.
Hong Leong Bank records higher operating profit in 2Q
KUALA LUMPUR: Hong Leong Bank Bhd posted an operating profit of RM888.40mil before allowances in the second quarter ended Dec 31,2020 compared with RM710.53mil a year ago.
MAHB records 4Q net loss of RM685.02mil
KUALA LUMPUR: Hit by the ongoing revenue slump, Malaysia Airports Holdings Bhd recorded a net loss of RM685.02mil in the fourth quarter ended Dec 31, 2020, versus a net profit of RM29.51mil in the year-ago quarter.
FGV records highest positive financial performance in 5 yrs
KUALA LUMPUR: FGV Holdings Bhd recorded its highest positive financial performance in five years as its earnings were boosted by strong crude palm oil prices which saw its revenue climb to RM4bil in the fourth quarter ended Dec 31,2020.
RHB posts FY20 net profit of RM2.03bil, proposes div of 7.65 sen/share
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.
Inflation expected to return on high fuel prices, demand
PETALING JAYA: After facing monthly deflation for nearly a year, Malaysia is expected to feel inflationary price pressure once again as fuel prices increase and demand gradually returns.
Asian digital currency gets PBoC support
BEIJING: China has joined a multilateral central bank digital currency project in Asia for real-time cross-border transactions like cross-border fund transfers, international trade settlements and capital market transactions, amid renewed global efforts to promote the use of digitalised legal tenders.
Chinese minister calls for win-win ties with the US
SHANGHAI: China is ready to strengthen economic and trade exchanges with the United States, and carry out cooperation on the basis of mutual respect, equality and mutual benefit, commerce minister Wang Wentao has said.
