MCA Youth slams govt over Dr M's RM486k Japan trip
'Who is really tightening their belts? The people, or you, so-called reformist leaders?' MCA Youth central committee member Lee Kok Seng asked in a statement today.
He pointed out that the average Malaysian worker...
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The Star
5 minutes ago
- The Star
Banks' 2Q growth expected in single-digits
PETALING JAYA: Malaysian banking stocks are expected to post low to single-digit percentage growth for the second quarter ended June 30, 2025 (2Q25) in profit after tax and minority interest (Patmi) on stronger operating income led by non-interest income with mixed net interest income as well as contributions from associates, says RHB Research. The research house, which has maintained a 'neutral' rating on banking stocks, said growth expectations have been reset lower, with no expectations of major Patmi downgrades, although there could be possible downside risks to loans growth and net interest margin (NIM). 'Most banks are set to announce interim dividends too, which we see driving near-term sector outperformance,' it said, flagging that credit cost could rise from the absence of chunky writebacks rather than asset quality pressures. Loans growth for 2Q25 could show a deceleration from 7% year-on-year (y-on-y) in 2Q24 after taking into consideration Bank Negara's banking system data showing 5% increase y-on-y in June 2025 versus June 2024 at 6%, with some banks citing slower drawdowns from non-retail due to tariff uncertainties and forex impact. 'While domestic NIM could likely expand quarter-on-quarter (q-on-q) partly helped by the statutory reserve requirement cut and banks frontrunning July's overnight policy rate cut, NIM from overseas operations should see continued pressure from falling benchmark rates and tight liquidity conditions,' it noted. 'On the other hand, declining bond yields (2Q25 average Malaysian Government Securities 10-year yield down c.20 basis points q-on-q) is positive for trading gains, while market volatility and uncertainty should benefit forex and hedging activities. We think these could compensate for any weakness from lower loan and wealth-related fees,' it added. RHB Research said operating expenditure among banks would likely be mixed but expect them to exercise tight control amid tougher conditions to grow revenue. 'On asset quality, first-order impacts from the US tariffs appear contained and there have been no major tariff-related asset quality issues observed,' it said. Its top picks remain Malayan Banking Bhd with target price (TP) of RM10.90, Hong Leong Bank Bhd with TP of RM24.30 and CIMB Group Holdings Bhd with TP of RM8.40. All have 'buy' ratings.
The Sun
2 hours ago
- The Sun
Proton X50 to come standard with Touch ‘n Go RFID in new mobility partnership
Deputy Chief Executive Officer of PRO-NET, Zhang Qiang (left) and Touch 'n Go Chief Executive Officer, Praba Sangarajoo PROTON has entered into a strategic partnership with Touch 'n Go Sdn. Bhd. to equip every unit of its newly launched Proton X50 with built-in RFID technology. The collaboration, formalised through a Memorandum of Understanding (MoU), marks a major step forward in Malaysia's push towards a more connected mobility ecosystem. Under the agreement, each Proton X50 will roll off the production line already fitted with a Touch 'n Go RFID tag. This integration will give drivers immediate access to Malaysia's growing network of RFID-enabled highways, eliminating the need for separate installation and promising greater convenience for motorists. Touch 'n Go Chief Executive Officer, Praba Sangarajoo (left) and Deputy Chief Executive Officer of PRO-NET, Zhang Qiang The MoU signing took place at Proton's Centre of Excellence headquarters in Shah Alam. Proton Edar was represented by Deputy Chief Executive Officer Zhang Qiang, while Touch 'n Go Sdn. Bhd. was represented by its Chief Executive Officer, Praba Sangarajoo. Witnesses included Ong Chee Wooi, Head of Sales at Proton Edar, and Jarrod Wong, Sales Director at Touch 'n Go. Touch 'n Go described the initiative as a way of delivering instant convenience to customers, allowing them to drive away from the showroom with RFID capability already activated. The company highlighted the collaboration as a partnership between two homegrown Malaysian brands, aimed at making everyday mobility more seamless, faster and intuitive for the public. The Proton X50, launched on 24 July, has been met with strong demand, recording 2,000 deliveries within just three weeks of its unveiling. The model features a redesigned exterior and interior, advanced connectivity features, and a 1.5-litre i-GT turbocharged engine. It also holds the position of market leader in the B-segment SUV category. Proton confirmed that this is the first time one of its models has been equipped with a Touch 'n Go RFID tag as standard across all variants. The company also indicated that the collaboration could be extended to other models in the future, broadening the availability of the technology across its line-up.
The Sun
2 hours ago
- The Sun
Proton X50 now comes standard with Touch ‘n Go RFID in new partnership
Deputy Chief Executive Officer of PRO-NET, Zhang Qiang (left) and Touch 'n Go Chief Executive Officer, Praba Sangarajoo PROTON has entered into a strategic partnership with Touch 'n Go Sdn. Bhd. to equip every unit of its newly launched Proton X50 with built-in RFID technology. The collaboration, formalised through a Memorandum of Understanding (MoU), marks a major step forward in Malaysia's push towards a more connected mobility ecosystem. Under the agreement, each Proton X50 will roll off the production line already fitted with a Touch 'n Go RFID tag. This integration will give drivers immediate access to Malaysia's growing network of RFID-enabled highways, eliminating the need for separate installation and promising greater convenience for motorists. Touch 'n Go Chief Executive Officer, Praba Sangarajoo (left) and Deputy Chief Executive Officer of PRO-NET, Zhang Qiang The MoU signing took place at Proton's Centre of Excellence headquarters in Shah Alam. Proton Edar was represented by Deputy Chief Executive Officer Zhang Qiang, while Touch 'n Go Sdn. Bhd. was represented by its Chief Executive Officer, Praba Sangarajoo. Witnesses included Ong Chee Wooi, Head of Sales at Proton Edar, and Jarrod Wong, Sales Director at Touch 'n Go. Touch 'n Go described the initiative as a way of delivering instant convenience to customers, allowing them to drive away from the showroom with RFID capability already activated. The company highlighted the collaboration as a partnership between two homegrown Malaysian brands, aimed at making everyday mobility more seamless, faster and intuitive for the public. The Proton X50, launched on 24 July, has been met with strong demand, recording 2,000 deliveries within just three weeks of its unveiling. The model features a redesigned exterior and interior, advanced connectivity features, and a 1.5-litre i-GT turbocharged engine. It also holds the position of market leader in the B-segment SUV category. Proton confirmed that this is the first time one of its models has been equipped with a Touch 'n Go RFID tag as standard across all variants. The company also indicated that the collaboration could be extended to other models in the future, broadening the availability of the technology across its line-up.
