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(Reuters) - The professional International Swimming League (ISL) has promised to honour financial obligations and improve processes as some unpaid suppliers threaten legal action.
Taman Cendana PPR residents say financial support from govt critical during difficult period.
THE Covid-19 lockdowns have led to a deep economic dive, sending shockwaves around the world. IMF estimates world GDP will fall by 3% in 2020 (down 6.3 percentage points from its earlier forecast of +3.3% in late January).
PETALING JAYA: The Malaysian Association of Tour and Travel Agents (MATTA) has urged banks to simplify procedures for loans so that small and medium-sized tourism players can face the current economic challenges.
FATALITY figures from the Covid-19 pandemic are increasing every day around the globe. At the time of writing, almost 150 thousand lives have been lost with the number of infections already more than 2,000,000. There is no news yet on the availability of any vaccine and, therefore, the above numbers are likely to increase in the coming months.
NEW YORK: Troubled companies behind on their bills or already in bankruptcy may be out of luck when it comes to getting federal funds from the US stimulus package
BEIRUT (Reuters) - Lebanon announced it cannot meet its debt payments and halted a March 9 bond payment of $1.2 billion on Saturday, setting the heavily indebted state on course for a sovereign default as it grapples with a major financial crisis.
JAKARTA (The Jakarta Post/ANN): The government welcomes Chinese investment despite concerns that the country could fall into a debt trap.