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PETALING JAYA: The FBM KLCI ended lower on Wednesday, amid disappointing economic prospects and weaker manufacturing data that dampened investor sentiment.
PETALING JAYA: A complete standstill in loan growth in the next few months as a result of a disruption by the movement control order (MCO) amid the outbreak of Covid-19 is expected for local lenders.
PETALING JAYA: Banks in Malaysia are well capitalised to withstand stresses on asset quality, according to RAM Ratings.
SINGAPORE: Singapore’s central bank said lenders will offer additional relief for consumers and companies battered by the sharp economic slowdown, including a freeze on mortgage and business loan payments and cuts to credit card rates.
PETALING JAYA: Any travel to buy food, daily necessities, medicine or dietary supplements has been restricted to 10km from a person's residence during the second phase of the movement control order from April 1 to 14.
KUALA LUMPUR: Affin Bank Bhd has appointed Wan Razly Abdullah Wan Ali as group chief executive officer (CEO) to replace Kamarul Ariffin Mohd Jamil.
U.K. banks trading in Hong Kong plunged after they scrapped dividends and buybacks at the urging of regulators to steel capital levels against the deepening fallout from the coronavirus outbreak.
KUALA LUMPUR: Bank loans processing will continue to be carried out during the movement control period (MCO) although customers may experience some delays due to service disruptions.
WASHINGTON: Some countries' banking systems might have to be recapitalised or even restructured if their economies are severely damaged by prolonged disruption from the coronavirus outbreak, officials at the International Monetary Fund said on Tuesday.