Business

Banking stocks remain a relatively safe investment despite emerging challenges. The sector is experiencing declining interest rates, increasing deposit competition, and potential asset quality issues. Experts suggest focusing on non-interest revenue streams to maintain financial resilience in a potentially challenging economic landscape.

OPEC+ countries preserve production cuts ahead of EU Russian crude ban, while China's relaxing Covid measures signal potential increased fuel demand. Global oil benchmarks WTI and Brent show positive momentum, reflecting market optimism about future energy consumption.

RHB Bank is on track to meet most of its 2022 financial targets, including a 9.3% return on equity, 4-5% loan growth, and maintaining a low gross impaired loan ratio. Group CEO Mohd Rashid Mohamad reports progress across multiple key performance indicators.

Bank Negara Malaysia has released an exposure draft outlining licensing and regulatory guidelines for Digital Insurers and Takaful Operators (DITOs). The proposed framework aims to facilitate market entry, promote competition, and provide value-driven insurance solutions while ensuring sustainable business practices and policyholder benefits.

Boustead Plantations Bhd expects continued palm oil price volatility amid rising production costs, including higher minimum wages and increased fertilizer and diesel prices. The company remains optimistic about cost management and crop enhancement strategies to improve profitability in the coming year.

Brunei has performed exceptionally well in business and labor market regulations, securing top global rankings in the Fraser Institute's Economic Freedom Index. The Sultanate scored 8.8 out of 10 in regulations, ranking fourth globally in labor market regulation and eighth in business regulation.

AmBank has formed a strategic two-year partnership with Persatuan Usahawan Maju Malaysian (PUMM), aiming to support over 3,000 business owners across various sectors. The collaboration focuses on enhancing financial literacy, providing financing access, and offering business optimization tools to help SMEs thrive.

Norwegian Telenor and Malaysian Axiata Group have secured regulatory clearance to merge their local telecommunications units Celcom Axiata and DiGi.Com. The proposed tie-up aims to create a stronger market leader in Malaysia's competitive telecom landscape, with an estimated enterprise value of $15 billion and potential to reshape the industry's competitive dynamics. - EXCERPT: Provides context, highlights main parties, deal value, and strategic intent within 100 words

The Hong Kong Special Administrative Region government celebrates its top ranking in the Economic Freedom of the World 2022 Annual Report. The Fraser Institute highlighted Hong Kong's continued leadership in "Freedom to Trade Internationally" and commitment to maintaining an efficient, open market environment.

Malaysia's franchise sector is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The industry currently has 1,149 registered franchisers and 13,779 outlets, creating approximately 49,000 jobs nationwide. Prime Minister Ismail Sabri Yaakob highlights the sector's potential for job creation and international brand expansion.