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More than 50% of the people with job security concerns have savings to cover less than four months worth of expenses, according to McKinsey & Co in its latest survey report.
Small businesses still face the challenge of slow sales and worker shortage
FOR eons, properties have been an investment of choice. It still is. But the convolution of economic, financial and health issues, coupled with inherent setbacks within the sector and the lack of clear leadership direction have added pressure on the sector.
There were some upward movements on the FBM KLCI over the past week, with much of the gains powered by glove counters as the index moved past 1,600 points.
BANGKOK (Reuters): A Bangkok court on Friday (July 31) agreed to grant class action status to more than 700 Cambodian families suing a Thai sugar firm for evicting them from their homes, a lawsuit that human rights experts see as a test case for transboundary disputes.
KUALA LUMPUR: Hong Leong Bank (HLB) and Hong Leong Islamic Bank will be providing additional targeted assistance to customers who foresee some difficulties in restarting their regular payments come October 2020 under the bank’s payment relief assistance plans.
KUALA LUMPUR: The ability to have in-depth understanding of banking and the financial sector has given a shot in the arm for Finance Ministry to implement various initiatives including the six-month blanket moratorium for the rakyat’s benefit, says Tengku Datuk Seri Zafrul Abdul Aziz.
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.
PETALING JAYA: The banking industry is urging borrowers and customers who are facing financial difficulties in servicing their commitments to reach out to their respective banks as soon as possible between Aug 7 and Sept 7.