News by Tan Siew Mung

Borrowers/customers who wish to take up this moratorium will need to contact their banks from July 7 onwards.

The analysts retained their gross domestic product (GDP) growth forecasts at 4.4% for 2021 and 4.7% for 2022.

One of the investment bank analysts said in comparison with the loan moratorium that took place from March to September last year, borrowers who intended to apply for a deferment this time around and may even have to sign revised terms to their loan agreement.

The proposed private placement will involve the issuance of up to 6.33 million ARK shares.

The group also reported a net profit of RM48.75 million on revenue of RM310.83 million for the 14-month period (FY21).

“The inclusion of the new warehouse (in Johor) will increase the group’s warehousing capacity by 2.6% to 6.2 million sq ft, from 6 million sq ft as at March 31,” said Tiong Nam

The approval also coincides with the Emergency Use Authorisation (EUA) granted by China's government recently for the inactivated Covid-19 vaccine KCONVAC developed by the group’s strategic partner, Shenzhen Kangtai Biological Products Co Ltd (SZKT), the group said.

“Comparatively, the direct fiscal injection this time around is much smaller relative to RM11 billion in the first PEMERKASA package announced on March 17, 2021.”

The group did not declare any dividend for the latest quarter.

MBSB’s filing with Bursa Malaysia today showed that revenue slipped to RM680.98 million in the first quarter ended March 31, 2021 (1QFY21) from RM741.41 million.