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KUALA LUMPUR: Credit risk in the banking system is "largely contained" despite the accelerated growth of household debt, said Bank Negara in its latest Financial Stability Review..
KUALA LUMPUR: The Malaysian economy is expected to be between -2.0 to 0.5% in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook.
An invisible virus has swiftly put everyone on the same page to protect a single planet. It will refine globalism, make us accountable, and make travel a richer, more immersive experience, but in smaller numbers.
LJUBLJANA (Reuters) - The Slovenian parliament on Thursday approved measures worth about 3 billion euros, or 6% of GDP, to help companies and individuals overcome the coronavirus epidemic.
PETALING JAYA: The overall economic slowdown, political uncertainty in February and the Covid-19 pandemic are the “triple whammy” that have caused unemployment to rise, says the Malaysian Employers Federation (MEF).
PETALING JAYA: The Malaysian electrical and electronics (E&E) industry has called for the government to consider allowing an increase in production capacity to 50% during the movement control order (MCO) period.
PETALING JAYA: AirAsia Group Bhd may have enough cash to last them for most of 2020 but it is currently seeking out a loan from the Malaysian government to cushion the impact from the challenging economic environment.
PETALING JAYA: Total vehicle sales could plunge 20% this year, as the Covid-19 crisis wreaks havoc on the auto industry.
Saudi Arabia's digital marketplace Sary, which connects small businesses with merchant wholesalers, has secured US$6.6mil (RM28.76mil) in financing to boost expansion as coronavirus-driven demand for essential goods boosts appetite for its services.
JAKARTA (The Jakarta Post/ANN): Indonesia is accelerating its planned tax reforms, including cutting corporate income tax and collecting taxes from tech companies, as part of the financial playbook to fund Covid-19 relief efforts.