CIMB Research expects OPR to stay at 3.0%
KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to extend its rate pause pending finer details on fuel subsidy rationalisation…
Category: Banking
UBS reports first profit since taking over Credit Suisse
ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival…
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
KUALA LUMPUR: AmBank Group has announced an additional RM400mil financing under the SME Portfolio Guarantee Scheme with guarantee from Credit…
UOB Malaysia launches Masterclass to help businesses for EU’s Carbon Border Policy
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has launched the Carbon Border Adjustment Mechanism (CBAM) Supply Chain Imperatives…
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON: Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the…
Hong Kong central bank keeps key rate unchanged, tracks Fed move
HONG KONG: The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at…
Curb on DBS’ non-essential banking activities ends
The Monetary Authority of Singapore (MAS) has said it will not extend a six-month restriction on DBS Bank’s non-essential banking…
DBS quarterly results trounce forecasts, another record year expected
SINGAPORE: Singapore's biggest bank DBS Group reported on Thursday first-quarter results that trumped expectations with broad-based growth and said it…
More Fed officials ready to say goodbye to low-rate world
A growing number of Federal Reserve officials don't see a return to the ultra-low interest rates that prevailed before the…