Perfect balance sheets harder to find in Asia than in US

(Aug 5): Asia investors following the global switch to quality stocks are not only suffering from striking underperformance but also a relative lack of candidates with the strongest balance sheets. Just two of the MSCI Asia Pacific Index’s 1,543 members have a perfect Piotroski F-Score — a financial-health assessment devised by an accounting professor to measure the overall quality of …

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Ivory Properties to jointly develop residential properties in Kedah

KUALA LUMPUR (Aug 2): Ivory Properties Group Bhd has teamed up with ECK Development Sdn Bhd to jointly develop residential components at AirportCity and Aerotropolis in Kedah. In a bourse filing, the Penang-based property developer said it has entered into a binding term sheet with ECK for the venture on a land measuring 135 acres. ECK has in principal been appointed by …

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Revenue Group consortium submits application for digital banking licence

KUALA LUMPUR (August 2): A consortium comprising Revenue Group Bhd, Sarawak State and Kenanga Investment Bank Bhd has submitted its application for a digital banking licence from Bank Negara Malaysia (BNM). In a bourse filing today, Revenue said SSG Digital Resources Berhad, a special purpose vehicle for the consortium had on June 29 submitted the application for a digital banking …

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CIMB launches OctoSavers, its first fully digital Islamic savings account

KUALA LUMPUR (Aug 1): CIMB Bank Bhd and CIMB Islamic Bank Bhd have launched the CIMB OctoSavers Account-i, the bank’s first all-digital Islamic savings account, together with the new CIMB OctoDebit MasterCard. OctoSavers Account-i is specially curated for the convenience of new customers as the account opening and onboarding process are done entirely online, while the debit card will be …

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Thai AirAsia August operations temporarily closed amid domestic flight ban

BANGKOK (Aug 1): Thai AirAsia has temporarily closed all operations for August amid domestic flight ban in Thailand, with all employees going on unpaid leave for the month. Thai AirAsia Co Ltd said in a statement the airline would also defer and split the salary payments to employees for July-August 2021. The airline said the suspension of flight operations since …

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Pfizer, Moderna raise Covid-19 vaccine prices in EU — report

BENGALURU (Aug 1): Pfizer Inc and Moderna Inc have raised the prices of their Covid-19 vaccines in their latest European Union supply contracts, the Financial Times reported on Sunday. The new price for the Pfizer shot was €19.50 (US$23.15) against €15.50 previously, the newspaper said, citing portions of the contracts seen. The price of a Moderna vaccine was US$25.50 a …

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