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KUALA LUMPUR: Several banks have announced that they will not be compounding interest for its customers during the six-month moratorium period announced recently by Bank Negara Malaysia (BNM).
KUALA LUMPUR: RHB Banking Group announced that it will not be compounding interest during the six-month repayment deferment for banking facilities (moratorium) that was announced by Bank Negara Malaysia on March 25.
KUALA LUMPUR: Investor sentiment continued to pick up over the course of Friday's early session ahead of the government's plans to announce a second stimulus package to mitigate the damage to the economy.
PETALING JAYA: Uncertainty over how long the Covid-19 pandemic will persist has led to the downgrade of the gaming sector to “neutral” from “overweight”.
PETALING JAYA: The Bursa Malaysia rebound extended for a second day as the White House struck a deal with the Congress for the US$2 trillion coronavirus (Covid-19) aid package to bail out the US economy.
Grace period seen benefiting both lenders and borrowers
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) has come up in full support for Bank Negara Malaysia’s proposed moratorium on payment of interest and principal for credit facilities for six months with effect from April 1.
KUALA LUMPUR: RHB research remains optimistic over Genting Bhd as both its Genting Malaysia and Singapore subsidiaries continue to show resiliency despite higher casino levies.
JOHOR BARU: The Johor government has set up three special channels for the public to donate essential items, including cash, to help those affected by Covid-19.
KUALA LUMPUR: Pos Malaysia Bhd may be set for an earnings turnaround in 2020 following a commercial postal rate revision to lift its postal segment's profitability.