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Business

AMMB posts Q4 earnings of RM280m, Div 10.5 sen

KUALA LUMPUR: AMMB Holdings Bhd posted earnings of RM280.02mil in the fourth quarter ended March 31, 2016 and rewarded shareholders with a dividend of 10.5 sen a share and cautioned about a slower growth for the banking sector.

Business

Breakfast briefing: Friday, March 25

Breakfast briefing: Friday, March 25

Business

US manufacturing still weak; labour market flexes muscle

Washington: New orders for long-lasting US manufactured goods fell in February as the sector continued to struggle with the lingering effects of a robust dollar and lower oil prices. While revised figures showed the labour market was much stronger than previously thought.

Business

Eco World on track to meet sales target

KUALA LUMPUR: Maybank Investment Bank Research said Eco World Development Group Bhd’s first quarter ended Jan 31, 2016 financial performance came in within its expectation but slightly below consensus.

Business

Shanghai rolls out tightening measures to cool home market

SHANGHAI: Municipal authorities in Shanghai tightened mortgage downpayment requirements for second home purchases on Friday, in a move to cool an overheating property market and reduce fears of a bubble.

Business

Higher food prices push February inflation above forecast

KUALA LUMPUR: Malaysia's inflation rate rose at a faster-than-expected pace of 4.2% in February from a year ago following higher food prices and a jump in alcoholic beverages and tobacco.

Business

Japan consumer inflation flat, keeps BoJ under pressure

TOKYO: Japan's consumer inflation was flat in the year to February as low energy costs and weak consumption put a lid on price growth, keeping the central bank under pressure to top up stimulus although it eased policy less than two months ago.

Business

Public Bank receives 100% foreign-owned bank licence in Vietnam

KUALA LUMPUR: Public Bank Bhd (PBB) has received the 100% foreign-owned bank licence from the State Bank of Vietnam and will rename its existing joint-venture bank as Public Bank Vietnam Limited (PBVN).

Business

Taiwan’s Acer sees profits tumble, announces reshuffle

TAIPEI: Taiwan’s struggling personal computer maker Acer saw its 2015 earnings plunge by two-thirds as it announced a corporate reshuffle that separates off its new businesses, including cloud services and smart devices.

Business

Surprise rise in Thai February exports

BANGKOK: Thailand reported that exports grew in February for the first time in 14 months, thanks to two unusual items - helicopters and an eight-fold increase from a month earlier for gold shipments.