Malaysia’s top two banks, Malayan Banking (MayBank) and CIMB Group Holdings, Thursday flagged challenging business conditions as growth crimps in most of their key markets, squeezing net interest income and other operating revenue, Nikkei Asian Review reports. External trade concerns, weak electrical and electronic (E&E) exports and poor demand in the oil and gas sector are adding downside risk to Malaysia’s economic growth, according to the Malaysian Institute of Economic Research (MIER). The Malaysian government budget projects a deficit of 3.7 per cent of GDP and contracting public investment plans that presents risks for the Malaysian economy, writes Stewart Nixon for Channel News Asia.