CIMB Group Holdings Berhad today reported a Profit Before Tax (“PBT”) of RM3.56 billion for the first half of 2019 (“1H19”). The 8.7% year-on-year (“YoY”)increase was underpinned by stronger operating income and a 15.7% YoY decline in loan loss provisions, with an 8.7% YoY increase in operating expenses.  The Group’s 1H19 net profit was 14.5% higher YoY at […]

President Rodrigo Duterte will bring up territorial issues in his Beijing meeting with Chinese President Xi Jinping, the Philippines ambassador said on Thursday, as tensions rise over claims to the South China Sea. The Filipino leader faces growing pressure at home to confront China over its aggressive approach to upholding its contested territorial claims in […]

The United States must observe a landmark nuclear deal and halt “economic terrorism” against Iran if it wants to hold talks, the Islamic republic’s foreign minister said Thursday. Tehran and Washington have been locked in a bitter standoff since last year when US President Donald Trump unilaterally pulled out of the 2015 deal that gave […]

Maybank posted net profit of RM1.94bil in the second quarter ended June 30,2019 on a revenue of RM13.05bil and declared an interim dividend of 25 sen a share. Maybank is Southeast Asia’s fourth largest bank in size, and the largest bank in Malaysia. Maybank said the second quarter also recorded stronger earnings growth momentum compared […]

Axiata Group Bhd posted a net profit of RM204.09 million in the second quarter ended June 30, 2019 (2QFY19), from a net loss of RM3.36 billion in the corresponding quarter last year. Filings to Malaysia’s Bursa, shows reported 2QFY19 earnings per share (EPS) of 2.2 sen, from loss per share (LPS) of 37.1 sen in […]