KUALA LUMPUR (BLOOMBERG) – As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking, the biggest lender by market value, plans to keep its payout ratio of as much as 60 per cent its profit after tax and minority interests, on top of paying […]
Read MoreKUALA LUMPUR: The founders of Malaysia’s AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday. Tony Fernandes said in an Instagram post that he […]
Read MorePETALING JAYA: Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at “A-”. The agency has however revised the outlook from “stable” to “negative”. According to a statement by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, yesterday, Fitch has also projected the Malaysian economy to register a growth of 5.8% in […]
Read MoreKUALA LUMPUR: The government’s Economic Action Council (EAC) has started work on post Covid-19 recovery plan and it is engaging various stakeholders to come up with a draft plan to be released in a couple of weeks. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said this was to ensure it was […]
Read MoreKUALA LUMPUR: Malaysian households’ access to the Internet rose by 3.1 percentage points to 90.1% in 2019 as compared to 87% in 2018, the Statistics Department said on Friday. It said the percentage of households’ access to mobile phone remained at 98.2% in 2019, based on the report on ICT use and access by individuals […]
Read MoreKUALA LUMPUR: Growth in private consumption will likely drop sharply, due mainly to the movement control order (MCO), which was imposed since March 18 following the Covid-19 pandemic, BIMB Securities Research said. In a report issued on Friday, it said from a short-term point of view, flagging consumer sentiments due to the virus outbreak will […]
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