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Not business as usual: How COVID-19 reshaped the narrative for Malaysia Aviation Group

Future CFO

The company reported a post-tax profit of RM1.146 billion for the fourth quarter of 2022, its best-ever quarter performance in the past two decades, according to its group chief financial officer Boo Hui Yee. billion at the end of December 2022, and the full-year net loss after interest and tax dropped 79% to RM344 million from RM1.65

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APAC capital markets during the COVID-19 crisis

Future CFO

FutureCFO spoke to three executives for their expressed views on the impact of COVID-19 on the Asia Pacific’s (APAC) credit market: Mike San Diego, chief financial officer at JK Capital Finance; James Ponsford, regional director & growth leader, Credit Solutions, Asia at Aon; and Matthew Wells, APAC regional commercial director for Euler Hermes.

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10 Tuesday AM Reads

Barry Ritholtz

My Two-for-Tuesday train WFH reads: • Good News-Bad News About the Economy : The hard part about markets and the economy is that there are often conflicting signals about what’s going on. The $10 billion event-driven is a deep value-focused investor specializing in companies that need financial and operational restructuring.

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Budgeting tips for resilient organisations??

CFO Talks

“As businesspeople, this offers us an opportunity: an opportunity to rethink our business models so that resiliency, profitability, and sustainability are not mutually exclusive.”. Invest in digital transformation. Good sustainability credentials correlated with quality, effective leadership, and market resilience.

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10 Wednesday AM Reads

Barry Ritholtz

My mid-week morning train WFH reads: • Is Rolex a Non-Profit? Teddy ) • Jerome Powell’s Prized Labor Market Is Back. The Federal Reserve chair spent the early pandemic bemoaning the loss of a strong job market. The Guardian ) • Vivek Ramaswamy’s investment firm dials back anti-woke rhetoric. Can He Keep It?

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European Lenders Announce 60K Job Cuts

PYMNTS

European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday (Dec. The region’s struggling financial institutions are mostly comprised of investment banks suffering from a combination of revenue declines and market share losses to U.S.

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Levi Goes ‘Soft And Stretchy’ In A Rigid Retail Market

PYMNTS

The company also announced Nina Barjesteh as the new marketing chief and the creation of a new position of chief customer officer. 11 that profits were up by 69 percent in the latest quarter. 28, profits were up from a year earlier by $58 million, and revenue was up 3.8 A restructuring pact has been established with lenders.

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