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DBS Group, UOB's earnings hit by pandemic, provisions
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.
Set up agency to be mediator between borrowers and banks
Letter from Datuk Abdul Ghani Abdullah, Kuala Lumpur
Hungary's retail sales recover in June
BUDAPEST, Aug. 5 (Xinhua) -- Retail sales in Hungary moved up 0.8 percent year-on-year in June, recovering after declines in April and May due to the coronavirus lockdown, according to the country's Central Statistics Office (KSH).
Coronavirus talks in Congress face timeline as Trump ponders his own action
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.
Ministry studying efficacy of stimulus measures
THE Finance Ministry is studying the efficacy of the initiatives announced in the government’s economic stimulus packages and will be introducing immediate steps to improve them.
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.
Finance Ministry studying efficacy of Covid-19 stimulus packages
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.
Moratorium’s RM62.8b value
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
New bankruptcy limit mulled
THE government is considering changes to the bankruptcy threshold due to Covid-19’s adverse effect on the economy.
