KUALA LUMPUR: With the economic recovery underway, Malaysian banks could be positioned to benefit from the economic upturn as well as writebacks on the back of provisions built up since early 2020.... " Given the outsized preemptive provisions, we expect future writebacks, but only when the dust settles," said RHB Research in a note.... However, the research house cautioned that while the heavy provision cycle may end, credit costs could be lower year-on-year but remain elevated given the dela

“ We have heard the voters’ harsh verdict loud and clear, and must solemnly and humbly accept the outcome.... We will carefully manage the government from now on, with the understanding of many parties.” A minority government would complicate the passage of legislation, given the ruling party’s need for the buy-in of smaller parties.... Yet, the DPFP also has disagreements with the LDP over its plan to drastically cut taxes to increase take-home pay and boost consumption....

global headwinds will overwhelm and dampen the reopening tailwind, ” Maybank Kim Eng’s economists

appetite.... However, tailwinds are likely be limited ahead of the US Federal Reserve’s( Fed) Jackson Hole

potentially providing a tailwind as accumulated savings get spent. While exports have already benefitted

2022, Bermaz Auto Bhd may catch a further tailwind in the form of an extension of the sales and service

fiscal conditions will serve as tailwinds for gross fixed capital formation, ” it said. The rating

.... To say that Biden entered the Oval Office with gale-force tailwinds at his back is" not hyperbole

turned economic issues that could’ve been a tailwind for his re-election into a headwind

modernise their fleets, says its top executive. Those tailwinds, in addition to rising sales at GE’s