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Bringing SMEs beyond Covid-19
AS most businesses around the world grapple to stay open and survive amidst the pandemic, some have thrived beyond expectations despite the impact of Covid-19.
Swift Haulage sets up RM500m sukuk, secures RM231m working capital
KUALA LUMPUR: Integrated logistics services provider, Swift Haulage Sdn Bhd has set up a RM500mil unrated Sukuk programme while it has also secured RM231mil working capital facilities.
AMMB loses RM25m for every 25bp cut in OPR
KUALA LUMPUR: AMMB Holdings Bhd is expecting a loss of RM25mil in revenue for every 25 basis points (bps) cuts in the overnight policy rate (OPR), which has projected to be around 1.25-1.50 per cent for 2020.
Stronger 1Q performance by AMMB
PETALING JAYA: AMMB Holdings Bhd posted an underlying net profit of RM416.7mil, up by 6.5%, in the first quarter (Q1) ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provision
AMMB posts higher underlying net profit of RM416.7m in 1Q
KUALA LUMPUR: AMMB Holdings posted underlying net profit of RM416.7mil, up by 6.5%, in the first quarter ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provision. It said on
Helping hand for SMEs
Small and medium enterprises (SMEs) are the engine of economic development for a country.
AmBank posts net profit of RM1.34b in FY end March 31
KUALA LUMPUR: AMMB Holdings Bhd posted net profit of RM1.34bil for FY ended March 31,2020, down by 10.9% from RM1.50bil a year ago due to a net impairment charge after taking pre-emptive macro provision in the final quarter due to the Covid-19 pandemic.
Banks cautious about O&G sector
Low income, rising costs and weak crude prices come into focus
A testing time for banks
Immediate implications of Covid-19 will include slower loan applications and potential delinquencies
AmBank: 24-hour approval for customers hit by Covid-19 fallout
KUALA LUMPUR: AmBank Group has prioritised providing relief to customers who are impacted by the circumstances surrounding the Covid-19 pandemic.
