MANILA – The World Bank has approved a $500 million (P22 billion) loan to help the Philippines ease the impact of the Covid-19 pandemic. The World Bank said on Friday, that the fund approved will help the poor and vurnerable household and will support small and medium enterprises by providing financial assistance. The Philippines Emergency Covid-19 Response Development Policy Loan …

Malaysia’s largest listed banking group MALAYAN BANKING BHD (Maybank) has cautioned about its “extremely tough” prospects and the possibility of future margin compression ahead, as it started the 2020 financial year (FY20) with modest loan growth and a fall in total deposits. The bank, which is also the fourth largest bank by assets in South-East Asia, thus proposed theoretically lowering …

For many Malaysians the declaration of the 6-month automatic deferment of all loans by Bank Negara Malaysia (BNM) has been greeted with relief. At a time when work stability in Malaysia and across the globe is inexistent, the decision to give no fines for failure to pay off a significant monthly contribution is also a good news. However, a bit …

The Finance Ministry has launched a huge relief package including cash giveaways to many more individuals beyond the 14 million people with annual base incomes not exceeding 100,000 baht and who are registered as poor to help cushion fallout from the spread of the new coronavirus. The whole package is worth 100 billion baht, said Finance Minister Uttama Savanayana. The …