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SYDNEY: Australian banks are making the most of ample cash during the coronavirus pandemic – driven by government wage subsidies, capital raisings, and higher individual deposits – to repay their debt as part of a long-held drive to bolster finances.
THE Covid-19 pandemic has clearly impacted business entities and the corporate world, especially those in relation to the Fourth Industrial Revolution (IR 4.0) – a revolution that will change how we live, work and communicate.
BEIJING: The Beijing-backed Asian Infrastructure Investment Bank (AIIB) has approved $1 billion in two loans to help Indonesia combat the coronavirus pandemic, the bank said on Tuesday.
BEIJING: Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Sunday (May 31) it had approved a US $750mil loan to the Philippines to help the country cope with the Covid-19 (coronavirus) pandemic.
KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) has announced that the first round of applications for the RM100mil relief funding facility for technology start-ups will take place from May 18 to 31.
SINGAPORE: United States stocks are unlikely to make fresh lows, thanks to the “do whatever it takes” approach of policy makers, according to Goldman Sachs Group Inc.
RISING fears of the coronavirus spread and its potential economic impact unleashed one of the most violent sell-offs in history across global asset markets.
WASHINGTON: The U.S. Federal Reserve on Tuesday acted to ensure companies can continue paying workers and buying supplies through the coronavirus epidemic, as top officials scrambled through the day to broaden efforts to blunt the economic fallout from the health crisis.
NEW YORK: U.S. stocks reversed early losses to trade higher on Tuesday as the Federal Reserve said it would relaunch financial crisis-era purchases of short-term corporate debt to thaw credit markets strained by the coronavirus pandemic.
KUALA LUMPUR: Fajarbaru Builder Group Bhd is working towards equal contribution from its core business segments which comprise construction, property development and logging.