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SHANGHAI: Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.
GEORGE TOWN: IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge.
SHANGHAI: China’s economy is likely to pick up quickly after the coronavirus is contained and stage a “V-shaped” recovery, according to a senior official with the nation’s central bank.
DIGITALISATION has swept through Southeast Asia to become a focal point for companies, especially small and medium enterprises (SMEs) in a competition to be at the forefront of the digital rat race.
SHANGHAI: China’s economy is likely to pick up quickly after the coronavirus is contained and stage a "V-shaped” recovery, according to a senior official with the nation’s central bank.
BEIJING: China's banking and insurance regulator said on Saturday it had finished running Anbang Insurance Group, and the revamped entity Dajia Insurance Group was close to a decision on introducing a batch of strategic investors.
IT is already strange that a company has to be suspended because of criminal investigations into its premises. It’s even worse when its fundamentals are impacted due to the police investigations.
KUALA LUMPUR: Axiata Group Bhd, which returned to the black in the fourth quarter of financial year ended Dec 31,2019 (4Q19), is in talks with 11 potential partners to bid for a digital banking licence from Bank Negara.
Covid-19 is causing economic damage to China, but experts believe it will emerge stronger economically when the epidemic is overcome. They are also confident that troubled Asean countries can come out of the doldrums.
IF anyone does not understand the gravity of the Covid-19 epidemic, just visit any bank branch. For the first time, there are more bank tellers behind the counters than customers in a large branch in Bandar Utama.