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TOKYO (Reuters) - Tamiflu maker Roche Pharmaceuticals said on Friday it was ready to donate more antiviral pills to Asia and aid organisations promised to speed the flow of funds to help the region battle bird flu.
PETALING JAYA: It is unclear at this point how Malayan Banking Bhd (Maybank), which participated in state-owned Vietnam Shipbuilding Industry Group's (Vinashin) US$600mil eight-year funding facility three years ago, would be affected by the latter's failure to make the first loan repayment, which became due on Dec 20.
PETALING JAYA: There may be a silver lining to the Vietnamese government's refusal to support troubled Vietnam Shipbuilding Industry Group (Vinashin), which has amassed debt of US$4.4bil and defaulted on an initial payment of US$60mil to a consortium of foreign creditors that funded the state-owned enterprise's US$600mil eight-year funding facility three years ago.
PETALING JAYA: Malaysia’s largest banking group, Malayan Banking Bhd (Maybank), has clarified that its exposure to the US$600mil (RM1.84bil) unsecured funding facility on which Vietnam Shipbuilding Industry Group (Vinashin) has recently defaulted is minimal and insignificant.