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Business 01 Mar 2017 | 12:00 AM

Affin Holdings Q4 net profit surges to RM171.4mil

PETALING JAYA: Affin Holdings Bhd’s net profit for the fourth quarter ended Dec 31, 2016 was up by 76% to RM171.4mil from a year ago propelled by the robust performance of its commercial banking unit, lower allowance for loan impairment and higher net income.

M&A 24 Dec 2016 | 12:00 AM

Cemex Holdings leads IPO list in the Philippines

CREATING a record in recent years, Cemex Holdings Philippines Inc became the largest initial public offering (IPO) to list on the Philippines Stock Exchange in 2016.

Business 28 May 2016 | 12:00 AM

DBS key to Hwang Capital takeover

THE Hwang family’s bid to privatise Hwang Capital (M) Bhd (HCM) is largely dependent on whether the company’s other substantial shareholder, Singapore’s DBS Group Holdings Ltd (DBSG), is willing to dispose of its 27.67% stake.

Business 25 May 2016 | 12:00 AM

Affin net profit up 284%

PETALING JAYA: At a time when banking earnings are under pressure due to a subdued sector outlook, Affin Holdings Bhd saw its net profit surge 284% to RM115.56mil in the first quarter ended March 31.

Corporate News 24 May 2016 | 5:13 AM

Affin Holdings Q1 earnings surge to RM115m

KUALA LUMPUR: Affin Holdings Bhd saw its earnings surge 284% to RM115.56mil in the first quarter ended March 31, 2016, boosted by lower allowance for loan impairment and higher loan recoveries.

Business 19 Apr 2016 | 12:00 AM

Affin eyes investment banking business

KUALA LUMPUR: Affin Holdings Bhd, the parent of Affin Bank Bhd, aims to increase contribution from investment banking business, as loan growth at the bank is expected to remain sluggish this year.

Business 22 Oct 2015 | 12:00 AM

Hong Leong Bank's separation scheme to cost RM90mil

PETALING JAYA: Hong Leong Bank Bhd (HLB) and Hong Leong Islamic Bank Bhd’s (HLIB) mutual separation scheme (MSS) is expected to cost the bank some RM90mil.

Business 21 Oct 2015 | 12:00 AM

Hong Leong group downsizing workforce

KUALA LUMPUR: Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd announced a mutual separation scheme (MSS) in a move to strengthen its operational efficiencies.

Business 17 Sep 2015 | 12:00 AM

Malaysian banks reducing staff

PETALING JAYA: There is a sense of urgency among banks to become more cost-efficient amid the current challenging landscape, with the focus on reducing their workforce to an optimal level.

Business 29 May 2015 | 12:00 AM

Bursa Malaysia raps and fines stockbrokers

PETALING JAYA: Bursa Malaysia Securities Bhd has publicly reprimanded and fined two stockbrokers - Jeremy Hiew Jian Chang and Ng Soo Ging - for engaging in manipulative dealing activities on separate occasions.