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Indonesia: Loan growth plunges in H1 as pandemic dashes economy; Covid-19 total go past 115,000
JAKARTA, Aug. 4 (Xinhua): Indonesia's loan growth tumbled in the first semester this year along with a huge debt restructuring as the Covid-19 (coronavirus) pandemic nearly grounded business activities to a halt.
Repayment of PTPTN loans deferred another three months
PETALING JAYA: The government is extending the deferment on National Higher Education Fund Corporation (PTPTN) loan repayments for another three months.
Credit-related costs weigh on Japanese bank MUFG's profit
TOKYO: Mitsubishi UFJ Financial Group Inc (MUFG), Japan's largest lender by assets, said on Tuesday its first-quarter net profit more than halved as credit-related costs ballooned due to the coronavirus pandemic.
Proton sold 13,216 cars in July, highest in eight years
KUALA LUMPUR: Proton sold 13,216 cars in July this year, which was its highest since June 2012 as Malaysia recorded a rebound in car sales due to f tax free incentives and consumer demand.
1st LD-Writethru: China's central bank pledges continued opening-up of financial industry
BEIJING, Aug. 3 (Xinhua) -- The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner.
Bank of Thailand seen holding key rate at record low
BANGKOK: Thailand’s central bank is widely expected to leave its key interest rate unchanged at a record low after three cuts this year to help cushion the economic impact of the coronavirus pandemic, a Reuters poll showed.
Maybank Indonesia’s net profit strengthens 7%
KUALA LUMPUR: Bank Maybank Indonesia Tbk’s profit after tax and minority interest (PATAMI) rose by 7% year-on-year to 809.7 billion rupiah during the first half of 2020 ended June 30 (1H2020).
Malaysia’s first AI-powered SME financing app
KUALA LUMPUR: RHB Banking Group has launched the RHB Financing (SME) Mobile App, billed as the first artificial intelligence (AI)-powered “customer self-initiated” SME financing mobile app in Malaysia.
Aid extended for tourism, aviation sectors
THE government has extended the minimum tax exemption for the aviation sector and renewed monthly tax exemptions for the tourism industry, which has been hard hit by the Covid-19 pandemic.
Goldman, Bank of America left off Ant IPO
NEW YORK: Goldman Sachs Group Inc and Bank of America Corp were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba, according to people familiar with the matter.
