Moody’s Investors Service says its six rated Malaysian banks showed solid performance in 2017, with additional improvements likely in some areas in 2018.
Moody’s Vice President and Senior Analyst, Simon Chen, said the asset quality and profitability of the six banks generally improved in 2017, while capitalisation and funding remained accommodative.
“We expect loan demand to recover further in 2018, strengthening profitability, but also tightening funding conditions.
“As a result, profit growth among banks with weaker deposit franchises could be limited by higher funding costs,” he said in a statement today on its report titled, “Banks — Malaysia: 2017 Sees Asset Quality Stabilise, Profits Improve”.
Continue reading “Malaysian banking sector to continue showing growth in 2018, says Moody’s”
Speculation as to Malaysia’s future economic priorities have frequently focused on the country’s oil and gas reserves, palm oil production, high-tech manufacturing, real estate and, of course, tourism.
While its potential strengths in the hydropower sector have remained largely overlooked, two high-profile dam projects may be about to change all that, with Sarawak’s long-mooted Corridor of Renewable Energy now set to become a reality.
Last month, Sarawak Energy Berhad, the power generation company owned and operated by the state government of Sarawak, completed its purchase of the 2,400 mW Bakun Dam from Malaysia’s Ministry of Finance.
The company paid RM2.5 billion in cash, with a further RM6 billion in loan facilities, to take possession of one of Southeast Asia’s most significant – and controversial – power projects. Work on the dam was originally completed in 2010, but the site didn’t come fully online until July 2014.
Continue reading “Malaysia steps up the gas on hydropower”