<div class=newsTextDataWrapInner>KUALA LUMPUR (April 13): Loan growth in the Malaysian banking industry will be at a more moderate level this year compared with previous years, said HSBC Bank Malaysia Bhd. &nbsp; 
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“We see loan growth moderating, probably growing at a lesser rate this year, compared to what it has grown last year,” said the bank’s chief executive officer Mukhtar Hussain. 
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“Looking at an industry level, the loan growth has been historically averaging anywhere at 8% to 10% per annum in previous years and of course that reflects the gross domestic product (GDP) which is more or less around 5% to 6%. 
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“Now as GDP growth had moderated we expect loan growth to be moderated in line with the GDP growth,” he told reporters at the opening of HSBC Amanah’s new branch at Bandar Sunway. 
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Mukhtar said despite the current challenging times for local banks, they should be able to manage well thanks to the prudent banking system. 
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‘We are well regulated, well capitalised and backed by strong corporate governance. This will helps us to manage well during this these times,” he said.</div>
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KUALA LUMPUR (April 13): Loan growth in the Malaysian banking industry will be at a more moderate level this year compared with previous years, said HSBC Bank Malaysia Bhd.  
 
“We see loan growth moderating, probably growing at a lesser rate this year, compared to what it...

HSBC Malaysia sees slower loan growth

KUALA LUMPUR (Nov 6): Automation solutions and engineering services firm 3REN Bhd (KL:3REN) made a strong debut on the ACE Market of Bursa Malaysia on Wednesday, as it rose 5.5 sen or nearly 20% sen over its initial public offering (IPO) price at the morning gong.

3REN surges nearly 20% on ACE Market debut

RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the semi-annual review of the index's component stocks on Dec 5.

RHB expects Gamuda's KLCI inclusion ahead of semi-annual review

PHILADELPHIA (Nov 5): Republican Donald Trump won eight states in Tuesday's US presidential election, while Democrat Kamala Harris captured three states and Washington, DC., Edison Research projected, but the outcome of the race remained uncertain with critical battleground states unlikely to be called for hours, or even days.

Trump, Harris notch first statewide wins as polls close in US presidential race

SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara Malaysia (BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told Reuters late on Tuesday (Nov 5).

BNM set to manage market volatility, monitoring US election

MORNING CALL: 6/11/24

Asian stocks were set for a higher open following election-day gains in the US, as traders hunkered down awaiting results in a presidential race pitting divergent visions of global trade and the economy. Gauges of expected volatility crept up amid hedging by investors before an outcome that remained too close for pollsters to call.

Asian stocks expected to echo US gains as vote count nears

Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).

Malaysia the fifth most connected country in Asean in 1H

A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&P 500 Index.

Morgan Stanley’s Mike Wilson and JPMorgan Chase & Co.’s Dubravko Lakos-Bujas are among market watchers who said this week that the stock benchmark is poised to swing higher once a victor is declared.

Wall Street is counting on stocks to rally after election hurdle

Stocks climbed Tuesday while Treasuries were mixed and the dollar fell in the last trading session before votes are tallied in a US presidential race with far-reaching implications for the economy.

Neither the size of the moves nor volume indicated strong conviction on the outcome of a contest that polls continue to put at a dead heat.

Tech pushes stocks higher with vote in full swing

Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.

Wall Street gains on election day as technology, chip stocks rise

Super Micro Computer Inc started the year as a hot artificial intelligence (AI) trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc and booted from the S&amp;P 500.

Super Micro faces delisting, S&P 500 removal amid auditor woes

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

F&N, Xin Hwa, IOI Corp, T7 Global, TCS Group, Sime Darby Property, Aneka Jaringan

Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.

Asian stocks were set for a higher open following election-day gains in the US, as traders hunkered down awaiting results in a presidential race pitting divergent visions of global trade and the economy. Gauges of expected volatility crept up amid hedging by investors before an outcome that remained too close for pollsters to call.

Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).

A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&amp;P 500 Index.

Morgan Stanley’s Mike Wilson and JPMorgan Chase &amp; Co.’s Dubravko Lakos-Bujas are among market watchers who said this week that the stock benchmark is poised to swing higher once a victor is declared.

Global investors were on edge as Americans headed to the polls on Tuesday, drawing to a close a dramatic US election cycle that has moved bonds, stocks and other assets in recent months and could further sway markets as results become clearer.

Anxious global investors brace for long-awaited US election results 

SINGAPORE (Nov 6): Malaysia’s central bank, Bank Negara&nbsp;Malaysia&nbsp;(BNM), is closely monitoring the US presidential election and is prepared to manage market volatility and ensure orderly market conditions, it told Reuters late on Tuesday (Nov 5).

The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.

Taking the latest available climate data into account, including record increases in temperatures, “the projected physical risk impact” of climate change on gross domestic product (GDP) has quadrupled by 2050 in some scenarios, the Network for Greening the Financial System (NGFS) said in a report on Tuesday.&nbsp;

Global GDP seen taking much bigger climate hit than first feared

The UK’s fiscal watchdog accused Treasury civil servants of breaking the law by withholding information before the March budget, raising the stakes in a blame game over who was responsible for hiding a multi-billion pound shortfall.

UK budget watchdog says Treasury officials may have broken law

The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.

Imports boost US trade deficit to nearly 2-1/2-year high in September

Stocks climbed Tuesday while Treasuries were mixed and the dollar fell in the last trading session before votes are tallied in a US presidential race with far-reaching implications for the economy.

Neither the size of the moves nor volume indicated strong conviction on the outcome of a contest that polls continue to put at a dead heat.

PHILADELPHIA (Nov 5): Republican&nbsp;Donald&nbsp;Trump&nbsp;won eight states in Tuesday's US presidential election, while Democrat&nbsp;Kamala Harris&nbsp;captured three states and Washington, DC.,&nbsp;Edison Research projected, but the outcome of the race remained uncertain with critical battleground states unlikely to be called for hours, or even days.

RHB Research anticipates Gamuda Bhd's (KL:GAMUDA) inclusion in the FBM KLCI, while Genting Malaysia Bhd (KL:GENM) and Genting Bhd (KL:GENTING) risk exclusion, ahead of the&nbsp;semi-annual review of the index's component stocks on Dec 5.