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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
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 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.
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.
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
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.
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.
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.