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SINGAPORE: Two of Singapore’s largest banks laid out the damage to their balance sheets caused by the pandemic, reporting the second straight quarterly plunge in profits and another surge in bad-debt provisions.
Letter from Datuk Abdul Ghani Abdullah, Kuala Lumpur
WASHINGTON (Reuters) - Congressional Democratic leaders and White House officials were set to resume negotiations on coronavirus relief legislation on Wednesday, with the administration officials aiming for an agreement by Friday.
MTUC urges govt to order banks not to start bankruptcy proceedings after loan moratorium period ends
PETALING JAYA: The Malaysian Trades Union Congress (MTUC) has called upon the authorities to issue a directive to financial institutions to halt bankruptcy proceedings after the loan moratorium period ends in December.
PETALING JAYA: The Finance Ministry is studying efficiency of the economic stimulus packages implemented during the Covid-19 pandemic period and will be introducing immediate steps to improve them.
PETALING JAYA: The moratorium on loan repayments extended by financial institutions, which came into effect on April 1, is estimated to be worth RM62.8bil as of July 24