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KUALA LUMPUR: The country’s banking sector is expected to be under constraints this year especially in terms of income and loan growth due to effects from the COVID-19 pandemic which has adversely impacted the local as well as the global economy.
Covid-19 is causing economic damage to China, but experts believe it will emerge stronger economically when the epidemic is overcome. They are also confident that troubled Asean countries can come out of the doldrums.
PUTRAJAYA: A mother of four who lost her post as untrained attachment teacher due to her pregnancy was awarded RM40,000 in damages by the Court of Appeal, for breach of constitutional rights, and emotional and mental distress.
PETALING JAYA: The move to dispose of non-core assets to beef up capital for the upcoming new standard on loan impairments under MFRS 9 may explain why some banks are in a rush to sell their insurance businesses.