Stay updated with breaking news from Malayan Banking. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 economy has only started to heal. OCBC Bank economist Wellian Wiranto (pic below) said there is hope...
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.