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Business 07 Jun 2019 | 12:00 AM

GDP growth seen inching lower to 4.6% in 2019

PETALING JAYA: The Malaysian economy is expected to inch lower to 4.6% in 2019 and be at around the same level in 2020, reflecting the ongoing fiscal consolidation and headwinds arising from the slowdown in the global electronics cycle, lower crude oil prices and uncertainty over the outcome of the US-China trade tension.

Business 23 Mar 2018 | 12:00 AM

Bank Negara records higher reserves

KUALA LUMPUR: Bank Negara recorded a US$200mil increase in its international reserves to US$103.9bil as at March 15 from a fortnight ago.

Business 27 Dec 2017 | 12:00 AM

Crude oil holds gains above US$58 per barrel

SEOUL: Oil held gains above US$58 a barrel as trading resumed following the Christmas holiday and after US explorers refrained from adding rigs for a second week.

Business 26 Dec 2017 | 9:25 AM

Oil holds gains above US$58 as US drillers pause rig expansion

SEOUL: Oil held gains above $58 a barrel as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week.

Business 10 Oct 2016 | 12:00 AM

Banks may not have to raise fresh equity capital

PETALING JAYA: Most banks are unlikely to undertake fresh equity capital raising come 2018 when the new International Financial Reporting Standard (IFRS) 9 takes effect despite an estimated increase of between 30% and 35% in provisions which could dampen earnings.

Banking 05 Oct 2016 | 3:20 AM

Fitch: IFRS 9 poses implementation challenges for Asia-Pacific banks

PETALING JAYA: Migration to International Financial Reporting Standard (IFRS) 9, or its local equivalent, is likely to create operational challenges across many of Asia-Pacific's banking systems. These issues would have a negative initial effect on capital, and potentially raise the volatility of earnings and regulatory capital ratios, according to Fitch Ratings.

Business 25 May 2016 | 12:00 AM

Affin net profit up 284%

PETALING JAYA: At a time when banking earnings are under pressure due to a subdued sector outlook, Affin Holdings Bhd saw its net profit surge 284% to RM115.56mil in the first quarter ended March 31.

Corporate News 24 May 2016 | 5:13 AM

Affin Holdings Q1 earnings surge to RM115m

KUALA LUMPUR: Affin Holdings Bhd saw its earnings surge 284% to RM115.56mil in the first quarter ended March 31, 2016, boosted by lower allowance for loan impairment and higher loan recoveries.