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KUALA LUMPUR: The moratorium on loan repayments by financial institutions, which took effect on April 1 as part of the PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN), is estimated to have reached RM51.4 billion as at July 6.
AUSTRALIAN shares ended 1.5% lower on Wednesday, their worst session in more than a week, as investors refrained from making big bets after a lockdown was reimposed in the country's second-most populous state, slowing a broader national recovery.
ZURICH/HONG KONG: Credit Suisse wants to raise its China securities joint venture stake to 100% and increase its market share after getting the regulatory green light to take a majority holding, the head of its Asia business said.
BENGALURU: Indonesia bucked Asia's second day of stock losses on Wednesday on hopes extra funds pumped into the economy from the government and central bank would strengthen the financial sector and the coronavirus-hit economy
KUALA LUMPUR: Bursa Malaysia erased the losses from yesterday's selloff amid a surge in trading activity as buying interest picked up on the market.
KUALA LUMPUR: Bank Negara Malaysia’s move to cut the Overnight Policy Rate (OPR) by 25 basis points will not have a significant impact as the economy is expected to contract this year.
SOME top advisers to President Donald Trump want the U.S. to undermine the Hong Kong dollar’s peg to the U.S. dollar as the administration considers options to punish China for recent moves to chip away at the former British colony’s political freedoms, according to people familiar with the matter.
KUALA LUMPUR: AmInvestment Bank research is anticipating another rate cut of 25bps in 2H2020 following Bank Negara's recent reduction of the the overnight policy rate.
Money from rescue package meant for small businesses