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BANGKOK, July 7 (The Nation Thailand/ANN): Up to 30 per cent of total bank loans may be restructured under the government’s scheme, while local corporates may need up to Bt1.7 trillion liquidity injection to survive the Covid-19 fallout, economists warned, predicting that it will take a while for the economy to fully recover.
KUALA LUMPUR: Malayan Banking Bhd, RHB Bank Bhd and CIMB Bank have announced they are lowering their base rates (BR) and base lending rates (BLR) by 25 basis points after Bank Negara Malaysia's reduction in the Overnight Policy Rate (OPR).
CHICAGO (Reuters) - The U.S. government delivered far less food aid than it had pledged by the end of June, according to food bank managers and data from the agriculture department sent to Reuters, after it hired inexperienced companies to box food during the pandemic.
KUALA LUMPUR: Bursa Malaysia's recent rally hit a speed bump on Tuesday on selling of Petronas-linked stocks and Tenaga Nasional, in line with the key Asian markets except China.
TOKYO July 7(AP): Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high.
KUALA LUMPUR: The government is seeking to amend a forfeiture notice issued against Tan Sri Larry Low Hock Peng, the father of fugitive businessman Low Taek Jho, in its bid to recover more than RM48mil said to be linked to 1Malaysia Development Bhd from Low's accounts.
HONG KONG (AFP): Asian markets were mixed Tuesday (July 7) after their latest rally, with investors awaiting the corporate earnings season with some optimism after a run of upbeat economic data that has offset fears of a virus second wave.
PETALING JAYA: A boutique hotel, with 116 rooms, a rooftop pool and jet-setting clientele, owned by fugitive Malaysian financier Low Taek Jho who is involved in the 1Malaysia Development Berhad (1MDB) scandal, is up for sale for over US$100mil (RM427mil), reports the New York Times.
KUALA LUMPUR: Malaysia is set to cut its benchmark interest rate to its lowest level on record as it seeks to support the reopening economy amid soaring unemployment and the threat of recession.
KUALA LUMPUR: The Budget 2021 proposals to be unveiled on Nov 6, will be framed across four broad themes -- caring for the people, steering the economy, sustainable living and enhancing public service delivery, according to Finance Minister Tengku Datuk Seri Zafrul Aziz.