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OCBC Al-Amin's net profit increases to RM164mil in 2019
KUALA LUMPUR: OCBC Al-Amin Bank Bhd’s net profit in 2019 increased 28 per cent to RM164 million compared to RM129 million in the previous year.
Oil prices slip as wary traders eye upcoming OPEC+ meeting
SINGAPORE: Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
Demand for bonds seen rising this year
PETALING JAYA: More overnight policy rate (OPR) cuts on the horizon and the move to allow banks to use Malaysian government securities (MGS) and government investment issues (GII) to meet the statutory reserve requirement (SRR) ratio will help spur bond demand this year.
OCBC Al-Amin eyes more 'green' sustainable financing
KUALA LUMPUR: OCBC Al-Amin Bank Bhd (OCBC Al-Amin), OCBC Bank (Malaysia) Bhd’s Islamic banking subsidiary, plans to strengthen its commitment to sustainability and bringing its value-based intermediation (VBI) to an altogether new level with more 'green' financing projects this year.
Banks’ earnings show real economy
A drop in earnings calls for a cautious approach in tackling the pandemic
OCBC Malaysia's FY19 net profit increases 17% to RM954mil
KUALA LUMPUR: OCBC Bank (M) Bhd and its subsidiaries (OCBC Malaysia) has recorded a 17 per cent rise in net profit to RM954 million for the financial year ended Dec 31,2019 (FY2019).
Bank teams up with club to help B40 community
SOME 966 B40 families from the Rumah Rakyat Enggang Puchong flats received aid in the form of food supplies and face masks.
Provisions to feature in banks’ upcoming results
Oil and gas exposure and the worsening economy the cause
Economic recovery seen in second half
Malaysia narrowly escapes contraction in Q1 with 0.7% growth
IJM Land's RM4.5bil The Light City to resume in August
GEORGE TOWN: IJM Land Bhd will restart work on the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge, in August.