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Sarawak is taking some audacious bets to grow its economy. But is the state planning things out well and spending its money in the best way possible to secure its future?
A number of local banking counters continue to attract investor interest past their recent ex-dividend dates as investors remain optimistic of continued strong dividend payouts on the back of robust earnings resilience.
MOST banks reported higher earnings last year in the absence of Cukai Makmur — the one-off prosperity tax imposed in 2022 — but, going by the numbers just out for the last quarter, it is clear that they are still struggling to reverse the decline in net interest margin (NIM).
All ten pu...
Notable filings
Over the week of Feb 19 to 23, one of the notable changes in shareholding at companies traded on Bursa Malaysia was at integrated transport outfit Swift Haulage Bhd.
Singapore-based JWD Asia Holding Pte Ltd — a wholly-owned unit of Thailand-l...
PHARMANIAGA Bhd is undertaking a rights issue to raise about RM355 million to improve its financials in order to get out of Practice Note 17 status. The company will also undertake a private placement to raise about RM300 million later.
Many are surprised that Boustead Holdings Bhd, whi...
AFFIN Bank Bhd’s second-largest shareholder, Bank of East Asia Ltd (BEA), has an eye on selling its 23.93% equity interest in the Malaysian lender but is in no hurry, sources say.
“I believe they want to sell their stake in Affin Bank to unlock capital,” a source tells The Edge.
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KUALA LUMPUR: A potential spike in bad loans is unlikely to hurt the asset quality of the banking system.Year-on-year (YoY) the banking sector posted weak total income of -2 per cent and higher allowances for loan loss, up 11 per ...
KUALA LUMPUR: The Armed Forces Fund Board (LTAT) needs to be free of political appointees for it to prosper, economists said.LTAT, they said, must have the right mix of directors and top management with exceptional skills and experience, and ...
KUALA LUMPUR: The Armed Forces Fund Board (LTAT) needs to be free of political appointees for it to prosper, economists said.LTAT, they said, must have the right mix of directors and top management with exceptional skills and experience, and ...
Affin Hwang Investment Bank Bhd (AHIB) hopes to double its revenue and pre-tax profit within three years and has been working at “triple” speed over the last six months towards that goal.
Permodalan Nasional Bhd (PNB) and the Employees Provident Fund will be receiving a total of RM12.55 billion in FY2023 dividends from the top 50 Malaysian public-listed companies with substantial stake held by government-linked investment companies (GLICs), with PNB reaping RM6.6 billion, and the pension fund RM5.95 billion.
Defence Minister Datuk Seri Mohamed Khaled Nordin said the Armed Forces Fund Board (LTAT) intends to continue holding a substantial stake in Affin Bank Bhd, with the expectation of benefitting from potential value increases brought by new investors.
Nobody is indispensable. Not even the director-general of Tourism Malaysia or the chief executive of Lembaga Tabung Angkatan Tentera (LTAT). But when they leave their positions — whether upon demotion or abrupt resignation — it suggests that something is amiss.
On this score, two minist...