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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 prior year. “The decline in profit is predominantly due to higher provisions and, to a lesser ext...

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 Moody's 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 by recovering global demand for manufactured goods and bolstered by a surge in global demand for s...

Monday, 10 May 2021 12:20 PM MYT According to Moody's, 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 although Malaysia has contended with a severe resurgence in Covid-19 cases that peaked in February and ...