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Public Bank posts RM1.3bil profit in 1Q
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.
Rally hits speed bump
REVIEW: Trading on Bursa Malaysia took on a frenetic pace over the past week with a record daily trading volume of 11.21 billion shares recorded on Monday as investors flocked to equities in an an attempt to catch a rally.
Banks’ earnings show real economy
A drop in earnings calls for a cautious approach in tackling the pandemic
China, no specific economic growth target - farsighted move due to complicated domestic and global situation
BEIJING: China decided not to set a specific annual economic growth target for 2020. It is a wise, farsighted and responsible decision to cope with complicated domestic and global situations. The new narrative in the government work report submitted Friday (May 22) to the country's national legislature.
Petronas posts RM4.5b net profit in 1Q, to cut opex and capex
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which saw its net profit slump by 68% to RM4.5bil in the first quarter ended March 31, 2020, sees a very challenging year.
India's c.bank cuts rates again in off-cycle meeting to soften virus blow
MUMBAI,: The Reserve Bank of India on Friday slashed its key policy rate for a second time this year in an emergency meeting to counter the impact from a two-month long lockdown to contain the spread of the novel coronavirus.
Bursa snaps winning streak as US-China tensions intensify
KUALA LUMPUR: The spectre of more geopolitical turmoil sent global markets, including Bursa Malaysia, lower as China moved to impose a new national security law in Hong Kong.
China abandons numerical GDP target on ‘great uncertainty’
BEIJING: China has abandoned its usual practice of setting a numerical target for economic growth this year due to the turmoil caused by the coronavirus pandemic, according to the text of Premier Li Keqiang’s annual policy address on Friday.