Local banks under constraints but in position of strength to recover
KUALA LUMPUR: The country’s banking sector is expected to be under constraints this year especially in terms of income and loan growth due to effects from the Covid-19 pandemic which has adversely impacted the local as well as the global economy. Despite this, well-capitalised Malaysian banks will be facing the headwinds from a position of strength and […]
Persistent economic headwinds major concerns in 1H2020
KUALA LUMPUR: Persistent economic headwinds, internal and external, will likely continue to be major concerns for Malaysia in the first half of this year, affecting consumer sentiment and business confidence. In a note, AllianceDBS Research said these economic headwinds include the Covid-19 outbreak and the recent political turmoil in the country. “Given the myriad of economic challenges arising from internal and […]
