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Banks support govt initiatives for B40, M40 income groups
KUALA LUMPUR: Malaysian banks support the government’s initiative to further assist those who are adversely impacted by the Covid-19 pandemic, by offering Targeted Repayment Assistance (TRA) to borrowers under the B40 and M40 income group as well as microenterprises
Glove makers income tax RM2.8b this yr, RM4.7b next yr
The government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such as glove manufacturing companies investing overseas instead of in Malaysia, and sending wrong signal to existing and potential investors in other industries.
Mexico maintains necessary criteria for access to the Flexible Credit Line from the IMF
MEXICO CITY, Nov. 20 (Xinhua) -- Mexico's financial authorities announced on Friday that the country has maintained the necessary criteria for access to the Flexible Credit Line it has with the International Monetary Fund (IMF), as the economy has shown "resilience" despite the COVID-19 pandemic.
China unveils 50 bln yuan cultural investment fund of funds
BEIJING, Nov. 18 (Xinhua) -- China on Wednesday launched a fund of funds (FOF) for cultural industry investment with a target size of 50 billion yuan (about 7.62 billion U.S. dollars), of which 31.7 billion yuan has already been raised.
Uganda's economy on recovery trend
KAMPALA, Nov. 18 (Xinhua) -- Uganda's economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed here on Wednesday.
Beijing backs G20 debt relief programme
BEIJING: China will continue to support the Group of 20’s debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Minister Liu Kun said in a statement.
China backs G20 debt relief plan, says finance minister
BEIJING (China Daily/ANN): China will continue to support the Group of 20's debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Minister Liu Kun said in a recent statemen
Israel launches 237-mln-USD plan to support university students amid COVID-19
JERUSALEM, Nov. 16 (Xinhua) -- Israel has launched a plan for supporting university and college students, at a total cost of 800 million new shekels (about 237 million U.S. dollars), the state's Ministry of Finance said on Monday.
Thailand borrows 1.5 bln USD from ADB to revive economy hit by COVID-19
BANGKOK, Nov. 16 (Xinhua) -- Thailand's Ministry of Finance and the Asian Development Bank (ADB) inked an agreement on Monday for Thailand to secure a loan of 1.5 billion U.S. dollars to salvage an economy badly hit by the COVID-19 pandemic.
Bank Negara sees CMCO impact less severe than previously
KUALA LUMPUR: Bank Negara Malaysia expects the impact from the current conditional movement control order (CMCO) to be less severe compared to the containment measures imposed during previous periods and the country to stage a rebound next year.
