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Malaysia: Banks gear up to face headwinds

PETALING JAYA: With the banking sector’s dismal second-quarter performance, industry captains are not wasting any time as they gear up to navigate headwinds and improve bottom lines for this year and next. Malaysian banks’ earnings have been weighed down by large modification losses, pre-emptive provisions and significant margin compression. The modification charges came about as […]

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Revenue soars, but casinos in Vietnam still taking a loss

Casinos are considered a ‘sensitive business’ in Vietnam. Though regulations have been loosened, they are still very strict. The Ministry of Finance (MOF) has released a report on the amendment of some provisions of Decree 03 on casino business management. Before the decree took effect, eight casinos had been licensed, including seven operating ones. After […]

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Brunei records 1st monthly trade deficit in history

BANDAR SERI BEGAWAN, Sept. 12 (Xinhua) — Brunei recorded a 57.8-million-Brunei dollar (42.2-million-U.S. dollar) trade deficit in June 2020 due to a major decrease in exports, marking the first-ever trade deficit since January 2014 when historical data became available. The latest International Merchandise Trade Statistics released on Saturday by the Department of Economic Planning and […]

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