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PETALING JAYA: Public Bank Bhd, the country’s second largest bank by market capitalisation, began the financial year of 2020 (FY20) with a 5.7% year-on-year (y-o-y) fall in net profit for the first quarter.
KUALA LUMPUR: Public Bank Bhd's net profit fell by 5.7% to RM1.33bil in the first quarter ended March 31,2020 from RM1.41bil a year ago as the banking industry faced heightened earnings pressure.
BANDAR SERI BEGAWAN: Brunei announced a reduction of annual commercial property tax of up to 50 per cent on Thursday, aiming to support local businesses to offset the financial impact from the Covid-19 (coronavirus) epidemic.
IF working from home during the pandemic has shown anything, it’s that apartments and houses are our castles, like it or not. Hong Kong is emerging from a semi-lockdown (restaurants open, schools shut, workers everywhere on the home-office spectrum) and it’s clear that investors see refuge in housing, too.
IT WAS clear that there was confusion on the dos and don’ts among the Mont Kiara community after 11 residents there, nine of whom were expatriates, were fined for jogging in the neighbourhood during the first phase of the movement control order (MCO).
PETALING JAYA: The outlook remains unfavourable for banks in Malaysia, as earnings are expected to shrink, while assets might deteriorate while liquidity and funding could come under pressure due to new measures introduced by Bank Negara.
NEW YORK (Reuters) - Only one in five commuters in mass transit-dependent New York City will be able to reach their office under the six-foot social distancing protocol due to the coronavirus pandemic, according to commercial real estate broker Savills Plc.
SYDNEY: Westpac Banking Corp said it would write down more than A$3.67bil (US$2.36bil) in its first-half results, with most of the charges stemming from the economic deterioration expected from the coronavirus outbreak.
HONG KONG (Reuters): Hong Kong's distinction as a shopper's paradise used to draw tens of thousands of tourists to the city every month, but a year of anti-government protests stemming from the extradition bill incident and the coronavirus crisis are driving some hotels to the brink of financial ruin.
KUALA LUMPUR: Knight Frank Malaysia forecasts commercial property market in Penang, Johor and Sabah to remain in doldrums due to weak sentiment this year but there are some bright positive area amid the gloomy outlook.