SME News
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2020-03-23
UOB Malaysia offers relief measures due to Covid-19
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is providing relief measures such as flexible repayments to its customers in Malaysia affected by the outbreak of Covid-19. The bank said these measures affirmed its co...
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2020-03-23
News stimulus must not ‘bail out’ firms, former PM economic adviser tells Putrajaya
KUALA LUMPUR, March 23 — A new stimulus that focuses on helping workers and small and medium businesses must not be used to “bail out” large companies, former economic adviser to the seventh prime minister, Muhammed Abdul Khalid, ca...
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2020-03-23
Freelancers to face tougher times due to Covid-19
WITH the threat of an economic recession just around the corner — as predicted by financial experts and economists — and while those who work full-time are beginning to worry, freelancers are expected to face tougher times ahead.&nbs...
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2020-03-23
Use reserves to boost economy, says Dr M’s adviser
PETALING JAYA: The economic advisor to former prime minister Dr Mahathir Mohamad has called for a bigger stimulus package to deal with the impact of the Covid-19 pandemic. Muhammed Abdul Khalid said Putrajaya could focus on three areas: aid ...
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2020-03-23
Loan deferment will impact banks’ net interest income, provisions
THE move by several banks to allow delayed payment to customers affected by the Covid-19 pandemic will result in impacted revenues and provisions due to expected weaker interest income. MIDF Amanah Investment Bank Bhd senior analyst Imran Yassin, ...