tags - Sinar Daily

Bursa Malaysia rebounded to open higher on Wednesday, taking its positive cue from Wall Street's performance overnight as traders are betting that the aftermath of the recent bank failures in the US may have been averted, said an analyst.

SPI Asset Management managing director Stephen Innes said for now, risks appear skewed towards a hawkish pivot on interest rates by the US Federal Reserve (Fed).

Prime Minister Datuk Seri Anwar Ibrahim delivering his keynote address at Invest Malaysia 2023. - BERNAMA

Revenue fell 40.27 per cent to RM105.80 million from RM177.141 million in 2Q FY22, mostly attributed to the reduction in activities across all segments.

Berjaya Corporation Bhd (BCorp) founder Tan Sri Vincent Tan Chee Yioun has relinquished his position as non-independent non-executive chairman of the company effective today. - Photo: BERNAMA

he government does not deny that the implementation of GST is one of the financial instruments which could boost the sustainability of the country’s economic position in the future.

The electric utility says despite the 16.5 per cent higher operating profit, earnings were lower due mainly to higher finance cost and tax expenses, including an additional tax in the form of Cukai Makmur totalling RM340.8 million for the year. 

Public Bank said the gross loans grew by RM18.9 billion or 5.3 per cent to RM376.9 billion as at Dec 31, 2022, from RM358.0 billion a year ago, mainly driven by growth in mortgage financing and hire purchase financing.

Finance Minister and Prime Minister Datuk Seri Anwar Ibrahim re-tabling the 2023 Budget in Dewan Rakyat. - BERNAMA