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PETALING JAYA: With the prolonged US-China trade war and global growth moderating across developed and emerging economies, coupled with geopolitical tensions, the banking sector as a bellwether of the Malaysian economy is not being spared from a tough 2020.
KUALA LUMPUR: The Budget 2021 proposals to be unveiled on Nov 6, will be framed across four broad themes -- caring for the people, steering the economy, sustainable living and enhancing public service delivery, according to Finance Minister Tengku Datuk Seri Zafrul Aziz.
KUALA LUMPUR: The worst is over for the Malaysian capital market, which has been spooked by the country’s potential disqualification from an important global bond index, according to CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz.
PETALING JAYA: Financial services group CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz will take on the additional role as the CEO of CIMB Bank effective Jan 20. Following this, Tengku Zafrul will step down from his position as CEO of CIMB Investment Bank effectively on the same date.
KUALA LUMPUR: The value of the moratorium on loan repayments by financial institutions stood at RM78.14 billion as at Aug 21,2020, Minister of Finance Tengku Datuk Seri Zafrul Aziz said on Wednesday.
Revision driven by negative impact of Covid-19
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Aziz has suggested that accrued interest or profit imposed by financial institutions on hire purchase customers be waived during the six-month moratorium period.
GOLF fans can expect world-class action when the CIMB Classic tees off at the TPC Kuala Lumpur this week. CIMB Group chief executive officer Tengku Datuk Seri Zafrul Aziz shares with StarSport’s LIM TEIK HUAT about its commitment in taking the US$7mil (RM30mil) event to greater heights.
KUALA LUMPUR: Malaysia’s fiscal deficit is expected to increase to between 5.8% and 6% of GDP this year following the implementation of the government’s stimulus programmes to offset the severe fallout from the Covid-19 pandemic.