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    Malaysia Regional


    30 Sep 2016

    Banking- Gearing Up For IFRS9

    - The sector has to brace itself for the impact of higher provisions post IFRS9 adoption.... News

    - This will essentially result in a shift from the current “incurred loss” model of provisioning to an “expected loss” model which incorporates estimates of lifetime credit losses on financial instruments upon inception.... News


    29 Sep 2016

    SapuraKencana Petroleum (SAKP MK)

    - SapuraKencana Petroleum’s (SAKP) 1HFY17 core profit was RM219m (headline net profit was RM222m)... News

    - Segmental performance were within expectations: a) the energy division saw a higher volume at 1.3mmboe b) seven rigs were idle and c) lower E&C activity.... News


    28 Sep 2016

    EcoWorld Development-3QFY16: Continues To See Steady Growth

    - EcoWorld reported a better-than-expected 3QFY16 net profit of RM44.6m... News

    - Revenue and earnings growth for this quarter were attributed to higher-than expected progress billings, mainly driven by its key projects, including Eco Majestic, Eco Sanctuary, Eco Botanic and its business park developments in Johor.... News

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