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WASHINGTON: Banks that facilitated the US government’s Paycheck Protection Programme (PPP) at first saw the effort as a small revenue booster with a patriotic bonus, shepherding US$525bil in loans to businesses slammed by the fallout of the Covid-19 pandemic.
WITH the domestic economy at an early stage of recovery, albeit unevenly across sectors and businesses, accommodative monetary policy and fiscal support are incredibly important to ensure that the economic rebound and recovery will not turn anemic amid increasing concerns about an occurrence of a second wave of virus and the availability of vaccines.
KYOTO: The coronavirus pandemic is deepening the pain for Japan’s regional lenders, heightening concerns that a potential wave of business closures will test policymakers’ ability to avert a damaging banking sector crisis.
WASHINGTON: A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how US$521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous
KUALA LUMPUR: While Malaysia's debt-to-gross domestic product (GDP) ratio may hit the 55 per cent statutory limit by year-end, the cap is "self-imposed” and can be changed through parliament if deemed necessary for the people's well-being, said Malaysian Industrial Development Finance (MIDF) group managing director Datuk Charon Wardini Mokhzani.
CHINA’s central bank said it will temporarily purchase loans made to small businesses from some local banks, a new policy to boost the supply of lending to the real economy.
LEE Yeet Chuan is the special officer to Proton chief executive officer Dr Li Chunrong but he holds another job as the head of the new energy management (NEM) department.
HLT Global Bhd, a company whose mainstay is to provide support services to the glove manufacturers, made two important announcements over the past three months.