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Monday, October 21, 2019

Tag: Loans

China pumps US$28 bil via loans to mitigate slow growth

Surprise move is seen to inject more long-term liquidity.

Cash-strapped Forever 21 founders borrowed US$10 mil from daughters

Loans coincide with global expansion that featured 200 store launches between 2005 and 2015.

PTPTN ensuring loan repayments are not burdensome

Education Minister Maszlee Malik says EPF and Inland Revenue Board are working with PTPTN on this.

China makes borrowing costs a tiny bit cheaper for companies

A revamped market benchmark rate would see bank loans starting at 4.25% making the loan process cheaper for Chinese companies.

Jack Ma’s US$290 bil loan machine is changing Chinese banking

To date, Jack Ma's online MYbank has lent 2 trillion yuan to some 16 million businesses.

The government needs financial literacy, too

We are so foolishly obsessed with more Malaysians holding university degrees for prestige reasons that we overlook the economic and sustainability aspects of university education.

Be humble when talking to Sarawak, Nancy tells Guan Eng

The Batang Sadong MP says the finance minister should not forget that Sarawak is the third-highest contributor to the GDP.

Govt to limit loan guarantees following 1MDB affair

The prime minister says the amount of loans guaranteed by the government will be tied to the GDP, adding that the tabling of an act to protect consumers from creditors will be expedited.

Indian govt seeks to tap foreign lenders for loans to help...

India's 63 million firms in the MSME sector are responsible for more than a quarter of the country's manufacturing and services output.

Study finds PTPTN loans are indispensable for higher studies

It also says more than half of people interviewed are willing to repay their loans.

Scholarships for Palestinians show govt has money after all, says PBS...

Parti Bersatu Sabah (PBS) deputy president Yee Moh Chai says there’s nothing wrong with giving Palestinian students scholarships but asks why the government is so hard on Malaysian students.

Give more loans to small businesses, Guan Eng urges banks

Lending active businesses key in negating effects of US-China trade war, says finance minister.

Putrajaya offers RM550 mil in easy loans to oil palm smallholders

The loans are being offered at 2% interest rate, says Finance Minister Lim Guan Eng.

3 out 4 loan applications by SMEs approved last year

Bank Negara says it will ensure SMEs continue to have full access to financing.

Survey finds EPF guide doesn’t reflect real cost of living

It finds that single adults are spending RM1,100 monthly on housing while the recommended budget in guide is only RM300.

Banking sector loans moderated to 5% in February, says research house

This is against 5.5% in January, TA Research says.

Local banking system asset quality remains healthy, says BNM

It says banks have continued to maintain sufficient buffers against potential credit losses.

IDEAS says windfall tax bad, but an economist disagrees

Think tank says Putrajaya should minimise compliance costs if it wants to encourage banks to lend more to the private sector while Ramon Navaratnam says windfall tax means better income distribution.

More now using PTPTN as savings fund

Deposits doubled to RM790 million in the National Education Savings Scheme (SSPN) in the second half of last year.

PTPTN groping in the dark

It must first have the latest information on borrowers and defaulters to know how much deduction needs to be made.

Are there mortgage-slaves in Malaysia?

There are those who buy at the wrong time and are forced to sell at a loss, and those who swear by property investment as they sold theirs at a profit.

Saudi central bank governor says does not see more bank mergers

Kholifey also says he does not expect deflation in Saudi Arabia thanks to consumer demand and real estate loans.

7 ways to get funding for your business

From registering your business to getting funding to kick-start your venture, it takes a lot of gumption to make it work, no matter what the challenges are.

Ease loan rules to overcome housing glut, says Penang housing developers...

Penang Rehda says housing glut reminiscent of 1999 property bubble.

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