Page 23 - Malayan Banking News Today

The Straits Times Envy nickel trading boss alarmed some banks in Singapore long before his arrest Ng Yu Zhi allegedly misappropriated at least $201 million from Envy Global Tradings account at DBS.PHOTOS: REUTERS, KELVIN CHNG Published7 hours ago https://str.sg/3Jfy They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited acc...

EXACTLY a year ago, the euphoria in the stock market saw investors pricing in what they believe to be the start of an economic recovery in the second half of 2021. As forward looking as the market is and despite the vaccine optimism that lifted markets in November 2020, the state of the global economy is nowhere near the recovery envisioned last year. The vicious twin of the Covid-19 in the form of the Delta variant took over the dirty work of wrecking the economy, which has recently forced the...

Datuk Amirul Feisal Wan Zahir has been appointed as managing director of Khazanah Nasional. Prior to that, he was Maybanks chief financial officer. KUALA LUMPUR: Datuk Amirul Feisal Wan Zahir has been appointed as managing director of Khazanah Nasional Bhd with effect from July 16. The sovereign wealth fund said on Tuesday he takes over from Datuk Shahril Ridzuan who will be departing to pursue his personal interests upon the expiry of his contract with Khazanah. “The board of directors would...

PETALING JAYA: The solid performance by most banks in the first quarter (Q1) of the year puts the banking sector on track for robust earnings growth over the next two years.

A rapidly rising renminbi may draw increased scrutiny in global financial markets, especially at a time when the US dollar is losing momentum.. Read more at straitstimes.com.

Malayan Banking Bhd’s branches nationwide will operate by appointment only from Wednesday until further notice, while some will be temporarily closed to support the nation’s ongoing efforts to curb the Covid-19 pandemic.

(Bloomberg) -- PT Pan Brothers said a local unit of Malayan Banking Bhd. has sought a debt payment delay against it in a Jakarta court, potentially complicating the Indonesian clothing company’s loan restructuring effort.

Malayan Banking Bhd recorded a net profit of RM2.39bil for the first quarter ended March 31,2021 (1QFY21) an increase of 16.7% from RM2.05bil last year as loans picked up on an improving economy.

PETALING JAYA: The resilience of the banking sector will be put to test once again with new Covid-19 cases creeping up recently, which have sparked concerns of renewed restrictions. Looking back at the targeted nature of the movement control order (MCO) 2.0 that was implemented in January where businesses were allowed to operate, the worst-case scenario of an MCO 3.0 would not be that damaging to the economy. A prolonged recovery, however, is imminent if Covid-19 cases continue to spike as the ...

Most equity markets in emerging Asia fell on Friday, with Philippine stocks leading the losses, as weaker-than-expected Chinese factory indicators and concerns about Beijing's clampdown on internet companies weighed on sentiment.