BAssets 4Q net loss widens following higher deferred tax bill
KUALA LUMPUR (Aug 22): Berjaya Assets Bhd’s (BAssets) net loss widened significantly in the fourth quarter ended June 30, 2019 (4QFY19) to RM83.
Another rate cut by BNM soon?
KUALA LUMPUR (Aug 13): After the aggressive interest rate cuts last week by a handful of Asian central banks that surprised the markets, there is strong expectation that more countries will follow suit in the coming months.
BNM may cut OPR again if there is further rate cut by Fed, says MARC
KUALA LUMPUR (Aug 3): A further reduction in interest rate by the US Federal Reserve in the second half of the year (2H2019) will provide more room for Bank Negara Malaysia (BNM) to adjust the overnight policy rate (OPR) downward again, says Malaysian Rating Corp Bhd (MARC).
RAM: Malaysia's overall inflation to rise to 1.6% in June 2019
KUALA LUMPUR (July 22): RAM Rating Services Bhd is expecting Malaysia's overall inflation rate will escalate to 1.
Loan given out before govt guarantee issued as SRC needed second RM2b loan ‘urgently’
KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.
Economists see no OPR cuts just yet
KUALA LUMPUR (July 9): Bank Negara Malaysia (BNM) is unlikely to cut interest rate when the monetary policy committee meets today.
If there hasn't been change in govt, toll rates would've increased, says Ong Kian Ming
KUALA LUMPUR (June 28): Malaysian drivers would have to pay extra for toll, with an increase of almost up to 67%, if there had not been a change in government.
Najib-SRC trial: First time MoF had to prepare materials on company for Cabinet paper on govt guarantee, says witness
KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.
Ismee: SRC's board in the dark about second RM2b KWAP loan
KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).
Boustead Holdings 1Q in the red
KUALA LUMPUR (May 31): Boustead Holdings Bhd, the key contributor to Retirement Fund (Incorporated)’s (KWAP) dividend, slipped into the red for the first quarter ended March 31 (1QFY19), posting a net loss of RM22.
