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Thriving with life-improving digital innovations
THE unveiling of the much-anticipated Digital Economic Blueprint, or MyDigital, last Friday was a truly momentous occasion that is applauded and welcomed by the technology industry.
Gearing up for inflation
Fund managers and investors are reviewing their strategies to protect their portfolios and wealth
Petronas records net profit of RM10.5b for FY20 excluding impairments
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) recorded profit after tax (PAT) of RM10.5bil for FY2020, excluding impairments, which was 78% lower compared to RM48.8bil in FY19.
RHB posts FY20 net profit of RM2.03bil, proposes div of 7.65 sen/share
KUALA LUMPUR: RHB Bank recorded an 18.1% decline in net profit to RM2.03bil in the financial year ended Dec 31, 2020, as compared to RM2.48bil in the previous year due to the net modification loss arising from the loan moratorium and higher expected credit losses.
Junk firms are posing as green warriors to reduce debt
LONDON: Junk-rated companies owned by private equity firms are tapping environmental, social and governance (ESG) narratives to cut borrowing costs. Debt investors worry about being played.
Maybank posts net profit of RM6.48b in FY20, div 38.5 sen
KUALA LUMPUR: Malayan Banking Bhd posted net profit of RM6.48bil in the financial year ended Dec 31,2020 compared with RM8.20bil a year ago due to higher impairment losses due to the continued impact from the Covid-19 pandemic.
Kenanga maintains 'outperform' on DRB-Hicom
KUALA LUMPUR: Kenanga Research maintained its "outperform" recommendation on DRB-Hicom Bhd as the latter's earnings results came within forecasts.
Industry needs to do more on diversity, says Perry
NEW YORK: Blackstone Group Inc’s Verdun Perry said the private equity industry needs to step up when it comes to diversifying its ranks and increase the number of places where it seeks out talent.
Bitcoin bet sparks rally at Japan’s brokerage
TOKYO: One Japanese financial firm is riding the crypto wave like no other.
