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Malaysia: Banking system remains strong, says Moody’s

PETALING JAYA: Despite the adverse effects of the coronavirus pandemic on the economy, Malaysia’s banking system remains strong on the back of robust liquidity and deposit-driven funding. In its latest sector update, Moody’s Investors Service rated the domestic banking system’s macro profile as “strong -”, higher than several other countries in South-East Asia. The banking […]

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Thailand: Slow uptake of B6.5bn in BoT soft loan scheme

The Thai Credit Guarantee Corporation (TCG) recorded a low number of requests for its soft loan guarantee, totalling only 6.5 billion baht out of its earmarked 100 billion. Entrepreneurs are taking a wait-and-see approach on whether the economy can rebound from the pandemic. TCG acting president Wasukarn Visansawatdi believes more businesses will apply for the […]

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