MALAYSIA is set to keep its benchmark interest rate unchanged on Thursday, as low inflation and a currency faring better than peers spare policymakers the pressures that prompted a surprise hike in Indonesia last month.
MALAYSIA’S central bank kept its benchmark interest rate unchanged on Thursday (May 9), in line with market expectations, against a background of a weakening ringgit currency and steady inflation outlook.
Malaysia’s central bank maintained its benchmark interest rate at 3 per cent on Thursday (May 9), choosing not to follow the recent rate hikes by other South-east Asian countries.
MANULIFE Financial posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business.
TRADING app Robinhood Markets beat estimates for first-quarter profit thanks to strong trading volumes and rate hikes that boosted its net interest revenue and sent shares up about 6 per cent after the bell on Wednesday.
JPMORGAN Chase and Nomura Holdings are limiting dealings with Simon Sadler’s Segantii Capital Management, the Asian hedge fund giant charged with insider trading by authorities in Hong Kong, according to people familiar with the matter.
THE government is looking to amend laws to give more power to law enforcement agencies pursuing offenders involved in money laundering, said Home Affairs Minister K Shanmugam on Wednesday (May 8).
THE government is looking to amend laws to give more power to law enforcement agencies pursuing offenders involved in money laundering, said Home Affairs Minister K Shanmugam on Wednesday (May 8).
CHEN Qingyuan, one of the 10 foreign nationals embroiled in the more-than-S$3 billion money laundering scandal, intends to plead guilty on May 23, court records on Wednesday (May 8) show.
