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Malaysia MADANI is a comprehensive national development framework introduced by the current Prime Minister of Malaysia, Anwar Ibrahim, in 2023. The term MADANI is an acronym that represents “Maju, Adil, Dinamik, Aman, Negaraku, Inklusif” — which translates to “Progressive, Fair, Dynamic, Safe, My Country, Inclusive.”
The MADANI Policy aims to rejuvenate Malaysia’s political, economic, and social systems by emphasizing sustainability, inclusiv...
The MADANI Policy aims to rejuvenate Malaysia’s political, economic, and social systems by emphasizing sustainability, inclusiv...
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$NVIDIA (NVDA.US)$ profit taking
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FDI incentive loan business. Industrial Bank is aggressively targeting high-growth regions.
With the influx of foreign direct investment (FDI), Industrial Bank... $RHBBANK (1066.MY)$ Optimistic about the growth potential that can be converted into loan business, the industry has gathered in four high-growth regions, and is committed to getting a share of the pie.
Mohamad Raisi, Managing Director and CEO of Industrial Bank, pointed out during an online performance briefing on Tuesday that with the influx of FDI, the bank believes this will continue to drive the performance of the domestic economy.
Currently, the bank focuses the growth potential of domestic loan business in four regions: Klang Valley, Johor, Penang, and Sarawak.
He said that this is mainly due to the construction of data centers, which has driven the development of related regions, including industrial and industrial development.
"This can also indirectly drive the performance of specific loan businesses. We will provide any financing convenience and are optimistic about achieving the expected loan growth of 5% for the whole year."
However, he said that not all financing requests will be accepted without question, but rather there will be some scrutiny on the projects.
When asked about whether the government's implementation of targeted subsidy policies would lead to an increase in bad debts for banks, Mohamad Rasi expressed that there have been no observed changes at this stage.
In this regard, he continues to be optimistic about maintaining bad debts at the current level, while also having a higher probability of reversing provisions.
The high provisions have dragged down performance.
On the other hand, Industrial Bank also announced its latest performance today, due to the increase in provisions and the rise in operating expenses, 2...
With the influx of foreign direct investment (FDI), Industrial Bank... $RHBBANK (1066.MY)$ Optimistic about the growth potential that can be converted into loan business, the industry has gathered in four high-growth regions, and is committed to getting a share of the pie.
Mohamad Raisi, Managing Director and CEO of Industrial Bank, pointed out during an online performance briefing on Tuesday that with the influx of FDI, the bank believes this will continue to drive the performance of the domestic economy.
Currently, the bank focuses the growth potential of domestic loan business in four regions: Klang Valley, Johor, Penang, and Sarawak.
He said that this is mainly due to the construction of data centers, which has driven the development of related regions, including industrial and industrial development.
"This can also indirectly drive the performance of specific loan businesses. We will provide any financing convenience and are optimistic about achieving the expected loan growth of 5% for the whole year."
However, he said that not all financing requests will be accepted without question, but rather there will be some scrutiny on the projects.
When asked about whether the government's implementation of targeted subsidy policies would lead to an increase in bad debts for banks, Mohamad Rasi expressed that there have been no observed changes at this stage.
In this regard, he continues to be optimistic about maintaining bad debts at the current level, while also having a higher probability of reversing provisions.
The high provisions have dragged down performance.
On the other hand, Industrial Bank also announced its latest performance today, due to the increase in provisions and the rise in operating expenses, 2...
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$NVIDIA (NVDA.US)$ is not over yet
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