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Malaysian banks unswayed by global moves to cut dividends

Bloomberg As banks elsewhere scrap or defer dividend payments, investors in Malaysian lenders can still expect their usual cash rewards. Malayan Banking Bhd., the biggest lender by market value, plans to keep its payout ratio of as much as 60% its profit after tax and minority interests, on top of paying a 2019 interim dividend on May 6, its spokesperson ...

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BOJ cuts economic assessment of all country’s regions

Bloomberg The Bank of Japan (BOJ) cut its assessment of all the country’s regional economies in response to the damage caused to production, consumption and corporate finances by the coronavirus, with new emergency restrictions set to add to the pain. The central bank’s move to lower its views on all nine regions was the first since the global financial crisis, ...

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ECB’s Makhlouf says EU needs ‘greater action’ to combat Covid-19

Bloomberg The EU needs “greater action” to combat the coronavirus economic fallout, whether that’s through issuing coronabonds or other measures, ECB Governing Council member Gabriel Makhlouf said in a Business Post interview. The governor of the Central Bank of Ireland also mentioned use of the European Stability Mechanism or “something new that comes out from the European Commission” as possible ...

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