Bearish market: Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 – a year longer than previously expected – for passenger traffic to return to pre-crisis levels. — Bloomberg
Targeted moratorium extensionTHE banking industry will provide borrowers affected by the Covid-19 pandemic with extended moratorium and flexibility to repay their loans, Prime Minister Tan Sri Muhyiddin Yassin announced on Wednesday.
The three-month extension will come into effect after the blanket six-month loan moratorium, announced in March, expires on Sept 30.
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