📢 Afternoon News Update | Key Financial & Economic Headlines

Stay informed with the latest business, financial, and economic updates from Malaysia, international markets, and Asia.

🇲🇾 Malaysia News:

📌 Maybank Reports 6% Profit Growth Despite CFO Controversy
Maybank, Malaysia’s largest bank by assets, has posted a 6% increase in Q4 2024 net profit, reaching RM2.53 billion. However, the earnings report was overshadowed by the sudden removal of its Chief Financial Officer, Khalijah Ismail.

CEO Datuk Khairussaleh Ramli clarified that Khalijah’s departure was due to internal compliance issues, not financial misconduct. Despite the leadership shake-up, Maybank remains financially strong, announcing a 32 sen dividend per share, bringing the total annual payout to 61 sen per share.

🌍 International News:

📌 NVIDIA’s Earnings Shake Global Tech Stocks
NVIDIA’s latest financial results have been released, and the company has exceeded analyst expectations, driven by strong demand for AI chips and cloud computing services.

However, some experts caution that tech stock overvaluation could lead to market volatility. With major firms like Apple, Amazon, and Microsoft adjusting their strategies, investors are closely watching NVIDIA’s impact on the broader tech sector.

🌏 Asia News:

📌 Indonesia’s Palm Oil Prices Remain Volatile Amid Export Challenges
Indonesia, the world’s largest palm oil exporter, is struggling to balance export demand and domestic biodiesel production under its B40 mandate.

The policy has led to price fluctuations, with industry analysts predicting further instability in global supply chains, affecting major trade partners, including Malaysia.

👉 Stay updated with the latest financial and economic news. Check back for more updates throughout the day!