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Malaysia’s central bank expected to maintain interest rate at historic low of 1.75%: analysts

Malaysia’s central bank is likely to maintain its historical low benchmark interest rate at the end of its third monetary policy meeting of the year on Wednesday (May 11) to support the country’s economic growth, analysts told The Business Times.

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Singapore Savings Bonds applications up 65% amid uncertainty, higher yields

DEMAND for Singapore Savings Bonds (SSBs) has risen to the highest it has been since July 2019, as yields continue on an upward trend.

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Temasek’s Azalea launches Astrea 7 PE-backed bonds; interest rates to be decided

AZALEA Asset Management, an indirect subsidiary of Temasek Holdings, is launching a new series of bonds back by 38 private equity (PE) funds.

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Briton charged with 2 more counts of abetting to falsify documents related to Wirecard scandal

JAMES Henry O’Sullivan, a 47-year old British national linked to the Wirecard scandal, has been charged with 2 more counts of abetting the falsification of documents.

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Axiata, YTL unlikely to see material contributions from digital banks in near term: Maybank

MALAYSIA telco Axiata Group and utilities provider YTL Power are unlikely to see material contributions from their digital banking units in the initial years, although their new digital bank licences should offer them another value creation avenue, Maybank said on Thursday (Apr 5).

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Grab may have advantage over other players in Malaysia digital bank space: Maybank

GRAB likely has an advantage over its other digital bank competitors in Malaysia given its e-wallet share in the country, Maybank said on Sunday (May 1).

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Brokers’ take: RHB downgrades UOB to ‘neutral’, expects headwinds to moderate FY2022 growth

RHB on Wednesday (May 4) downgraded UOB to “neutral” from “buy” and lowered its target price to S$32.70 from S$38.10 as it expects headwinds to moderate growth for the bank’s FY2022.

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National Australia Bank agrees to rectify money laundering concerns by 2024

National Australia Bank (NAB) said on Monday (May 2) that it had entered into an agreement with Australia’s financial crime regulator to address concerns around suspected serious breaches of anti-money laundering and counter-terrorism laws at the lender.

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Berkshire Hathaway reports drop in earnings, driven by investment losses

Berkshire Hathaway, an insurance and investing conglomerate run by billionaire and investment legend Warren Buffett, reported Saturday a significant drop in earnings in the first quarter.

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After 10% dip in Q1 profits, local lenders bank on rising rates to boost margins

Singapore’s banking trio logged declines in net profits for the first quarter. But their loans and net interest income rose, offering hopes of increasing profitability in the coming quarters.

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