Page 5 - Financial Developments News Today

KUALA LUMPUR, Aug 13 — Malaysia’s second quarter (Q2 2021) gross domestic product (GDP) rose by 16.1 per cent year-on-year after previously shrinking for four consecutive quarters, the Department of Statistics Malaysia (DoSM) announced today. Chief Statistician Datuk Seri Mohd Uzir Mahidin said...

Just over 47,000 travelers through LPIA in April Lynden Pindling International Airport. FILE Lynden Pindling International Airport (LPIA) saw just more than 47,000 travelers pass through the country’s main gateway during the month of April, according to the newest data from the Nassau Airport Development Company (NAD). Though significantly less than typical numbers for the month of April, the 47,332 departures were a vast improvement over the 445 travelers counted for the same period in 20...

Tuesday, 11 May 2021 12:39 PM MYT BY KENNETH TEE Nor Shamsiah advised borrowers requiring financial assistance to speak to their respective banks in order to obtain the most suitable assistance. ― Bernama pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 11 — Bank Negara Malaysia (BNM) said today a blanket automatic loan moratorium was not the best solution for all given the recent containment measures announced by the federal governmen...

Published on: Tuesday, May 11, 2021 By: Bernama Credit: Bernama.com Kuala Lumpur: Malaysia’s gross domestic product (GDP) is likely to have grown by 0.5 per cent quarter-on-quarter in the first quarter of 2021 (Q1 2021), compared to the 0.3 per cent contraction seen in Q4 2020, said Moody’s Analytics. It said although Malaysia has contended with a severe resurgence in Covid-19 cases that peaked in February and tighter restrictions that dampened the revival in domestic consumption, the econo...

Tuesday, 11 May 2021 01:04 PM MYT BY KENNETH TEE People wearing face masks throng Jalan Tuanku Abdul Rahman to do some shopping in Kuala Lumpur May 10, 2021. BNM governor Datuk Nor Shamsiah Mohd Yunus said the impact on growth was expected to be less severe than that experienced last year when the government imposed the first nationwide movement control order. — Picture by Shafwan Zaidon Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 11 �...

NASSAU, BAHAMAS — A mortgage lender has reported its net profit for the three moths ended January 31, 2021 was down more than 60 percent compared to the corresponding period in the prior year. The BISX-listed Finance Corporation of The Bahamas (FINCO), in its first quarter financial statement, noted that the bank’s net profit for the three months ending January 31, 2021 was $4 million, representing a $7.1 million decrease or a 64 percent decline when compared to the corresponding period the...

KUALA LUMPUR (May 10): Malaysia’s gross domestic product (GDP) is likely to have grown by 0.5% quarter-on-quarter (q-o-q) in the first quarter of 2021 (1Q21), compared to the 0.3% contraction seen in 4Q20, said Moodys Analytics. It said although Malaysia contended with a severe resurgence in Covid-19 cases that peaked in February and tighter restrictions that dampened the revival of domestic consumption, the economy benefitted from a relatively strong trade position. Exports were supported...

Monday, 10 May 2021 12:20 PM MYT According to Moodys, the economy has benefitted from a relatively strong trade position. — Picture by Miera Zulyana Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 10 — Malaysia’s gross domestic product (GDP) is likely to have grown by 0.5 per cent quarter-on-quarter in the first quarter of 2021 (Q1 2021), compared to the 0.3 per cent contraction seen in Q4 2020, said Moody’s Analytics. It said alth...