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M&A for Al Rajhi and KFH in Malaysia?

MALAYSIA’s two remaining standalone foreign Islamic banks, which have struggled to gain market share in the highly competitive Islamic banking industry for many years, made losses last year amid the Covid-19 pandemic. Many in the industry question the ability of Kuwait Finance House (Malaysia) Bhd (KFHM) and Al Rajhi Banking & Investment Corporation (M) Bhd (ARBM) to survive over the long term and believe that merger and acquisition (M&A) options or an exit could be forthcoming.

AirAsia s BigPay secures US$100m financing from South Korea s SK Group

AirAsia s BigPay secures US$100m financing from South Korea s SK Group
theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.

Ringgit to trade at current levels this week

KUALA LUMPUR, July 17 (Bernama): The ringgit is expected to trade at current levels this week and is poised to reach the 4.30 level against the US dollar should risk-on sentiment hold and oil prices continue to decline, according to a trader. The lack of local positive catalysts coupled with the high number of Covid-19 cases would dampen investors’ confidence and they may adopt a wait-and-see approach, the trader explained. On Friday, the Ministry of Health reported that new Covid-19 cases declined to 12,541 compared with 13,215 infections the day before, bringing the cumulative number of domestic cases to 893,323. Meanwhile, Malaysian Industrial Development Finance Bhd research economist Abdul Mui zz Norhalim said the ringgit is expected to be influenced by growth concerns as the market is expected to continue focussing on the Covid-19 situation in Malaysia.

Ringgit to trade at current levels next week | Money

Saturday, 17 Jul 2021 10:57 AM MYT On a weekly basis, the ringgit weakened versus the US dollar to 4.2040/2070 from 4.1895/1940 a week ago. Reuters pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. KUALA LUMPUR, July 17 The ringgit is expected to trade at current levels next week and is poised to reach the 4.30 level against the US dollar should risk-on sentiment hold and oil prices continue to decline, according to a trader. The lack of local positive catalysts coupled with the high number of Covid-19 cases would dampen investors’ confidence and they may adopt a wait-and-see approach, the trader explained.

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