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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.
KUALA LUMPUR: With AMMB Holdings Bhd (AmBank Group) set to complete its “Top 4 strategy” in eight months’ time, many of its aspirations under the four-year plan have been achieved, according to group CEO Datuk Sulaiman Mohd Tahir.
PETALING JAYA: Construction counters took a dip even as prospects of the sector looked positive following the revival of the East Coast Rail Link (ECRL) project.
KUALA LUMPUR: Banking group AmBank Group Bhd reported a firmer set of financial results for the second quarter ended Sept 30, 2018 reflecting improving trends in its income momentum, operating leverage and profitability.
HONG KONG: Jack Ma will step down as executive chairman of Alibaba Group Holding Ltd. in exactly 12 months time with Chief Executive Officer Daniel Zhang to succeed him at Asia's most valuable company.
HONG KONG: Jack Ma, China's richest man, is laying the groundwork for a future away from Alibaba Group Holding Ltd, the company he co-founded and turned into an e-commerce juggernaut.
AmBank chief comments on company’s plan to hive off the asset