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BANK Negara is expected to maintain the overnight policy rate (OPR) at 1.75% during the Monetary Policy Committee meeting on Thursday.
SYDNEY: Westpac Banking Group has reopened Australia’s big banks bond-market taps for the first time in more than a year, with a US$2.75bil (RM11.4bil) deal that also marked their first use of a non-US dollar London Interbank Offered Rate (Libor) benchmark rate to price the debt.
Maybank Islamic is one of the four participating Islamic banks, which have been selected to participate in this programme, making early payments to the companies based on the government’s creditworthiness.
THE Covid-19 pandemic and the subsequent MCOs rendered many manufacturers inoperable, resulting in a staggered closure in their business.
SYDNEY: Australia's central bank held its cash rate at a record low on Tuesday but hinted at further monetary easing as it looks to create jobs in the coronavirus-ravaged economy, which is suffering its worst contraction since the Great Depression.
SYDNEY: Australia fell into its deepest economic slump on record last quarter as coronavirus curbs paralysed business activity, while fresh outbreaks threaten to upend any immediate recovery, piling pressure on the government to keep fiscal taps open.
SYDNEY: Australia’s central bank has unexpectedly expanded its low-cost funding scheme for lenders as the economy looked set to post its worst contraction since the Great Depression due to the coronavirus pandemic.
SYDNEY: Australia's central bank on Tuesday unexpectedly boosted the size and term for cheap funding to lenders as the economy looked set to post to its worst contraction since the Great Depression due to the coronavirus pandemic.
SYDNEY: Australian banks are making the most of ample cash during the coronavirus pandemic – driven by government wage subsidies, capital raisings, and higher individual deposits – to repay their debt as part of a long-held drive to bolster finances.