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Malaysia: Asset deterioration remains a risk to Malaysian banks

PETALING JAYA: While Malaysian banks are generally strong enough to withstand any potential shocks, they still need to be cautious on the risks of asset deterioration. According to analysts, banks in the country remain exposed to a potential increase in gross impaired loans (GIL) and credit costs that could weigh on their earnings growth. CIMB Research, for one, has projected that the industry’s GIL would […]

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Malaysia: Higher budget deficit seen

KUALA LUMPUR: The budget deficit target for 2019 could be raised to 3% of gross domestic product (GDP) from the targeted 2.8% this year, Socio-Economic Research Centre’s (SERC) executive director Lee Heng Guie (pic) says. “I believe the deficit will be at a slightly higher level than the 2.8% mainly due to the lower revenue […]

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Malaysia: Oil and gas still subject to volatility, players ‘tread cautiously’

PETALING JAYA: Despite the air of optimism sweeping over the oil and gas (O&G) industry amid rising oil prices, national energy company Petroliam Nasional Bhd (Petronas) president and group CEO Tan Sri Wan Zulkiflee Wan Ariffin believes that all players should still “tread cautiously”. Brent crude yesterday breached US$81 per barrel, its highest since 2014, due to the […]

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