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PETALING JAYA: Lauding the moratorium extension and targeted bank assistance as timely, businesses say more measures should be introduced to help businesses to stimulate the economy.
SINGAPORE: Singapore’s central bank has asked locally incorporated lenders to cap their 2020 dividends at 60% of last year’s levels, to ensure a sufficient flow of loans as they confront the downturn triggered by the pandemic.
PETALING JAYA: The targeted extension of the moratorium is granting both borrowers and banks some breathing space, as Malaysia recovers from the coronavirus (Covid-19) pandemic.
Johor’s Rent-to-Own housing scheme needs an update to ensure applicants given more leeway in light of Covid-19 impact
JOHOR BARU: Johor government is urged to review its three-year-old Rent-to-Own (RTO) housing scheme, to take into account the impact of the Covid-19 pandemic on the economy and the people’s earning power.
PETALING JAYA: The government has agreed to extend the existing loan moratorium for a further three months for those who are unemployed and have targeted bank assistance for individuals and small businesses that need to restructure their loans, says Prime Minister Tan Sri Muhyiddin Yassin.
BEIJING (Reuters): The Chinese mainland should prepare for potential US sanctions by increasing use of its own financial messaging network for cross-border transactions in the mainland and the Hong Kong and Macao special administrative regions, according to a report from the investment banking unit of Bank of China.
KUALA LUMPUR: The banking industry’s move to provide a targeted moratorium extension and provision of repayment flexibility to hard-hit individuals and SMEs helped lift market sentiment in late trading on Wednesday.