Bank to shift between US$40 billion and US$60 billion in assets from London to Frankfurt in preparation for Britain’s divorce from the European Union

US$10.6 billion sale to Charoen Pokphand Group also covers UK retailer’s operations in Malaysia

Naci Agbal takes over from Murat Uysal, who was just 16 months into the job

However, inbound shipments cool after September surge

AmBank has approved close to 100% of repayment assistance applications for loans and facilities

42-month programme aims to help stabilise war-torn country’s economy, shore up its Covid-19 response

It allocates RM150 million to encourage local entrepreneurs to adopt digital services

Budget 2021 is notable as it is a bold and expansionary despite expectations that Malaysia’s economy would contract by as much as 4.5% this year

Bank Negara’s decision to keep overnight policy rate unchanged also helps anchor ringgit’s performance for the period

However, sentiment expected to be cautious ahead of Q3 GDP to be released next Friday

Agency cites growth prospects for 2021, progress in tax compliance, fighting graft

The market was boosted by Budget 2021 announcements and the latest US election developments

Munich-based insurer made a net profit to the end of September of €2.1 bil, up 5.9% year-on-year