The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies. ( read original story ...)
UAE central bank extends banking stimulus scheme to stem coronavirus impact
The United Arab Emirates central bank said on Monday it had extended to June 2021 the applicability period of key components of a stimulus scheme to support retail and corporate banking customers and ... ( read original story ...)
UAE Gets First Rating From Fitch Ahead of Federal Bond Sale
The United Arab Emirates was assigned the fourth-highest investment grade at Fitch Ratings as the Gulf nation prepares to issue a federal bond for the first time. ( read original story ...)
Alliance Finance benchmarks sustainable financing in Sri Lanka
Benchmarking sustainable financing in Sri Lanka and the region, Alliance Finance recently became the first company in South Asia to achieve the prestigious status of being a holistic sustainability ... ( read original story ...)
Malaysia: Biggest, brightest but besotted Budget
the Malaysian Finance Minister was largely indifferent to that issue and concentrating on convincing his audience that Malaysia had the real resolve to overcome its current adversities. The Budget has ... ( read original story ...)
Malaysia funds hit by wrangling
Malaysia's Finance Minister Zafrul Aziz presents the 2021 budget in parliament in Kuala Lumpur on Nov 6. KHIRUL NIZAM ZANIL/REUTERS The government of Malaysian Prime Minister Muhyiddin Yassin faces a ... ( read original story ...)
Pentagon signals troop drawdown in Afghanistan and Iraq
The Pentagon has told commanders to prepare to withdraw an additional 2,500 US troops from Afghanistan and Iraq, delivering on a pledge by the Trump administration to bring back forces and end America ... ( read original story ...)
Philippine Finance Head Sees No Need to Borrow More Than Planned
Philippine Finance Secretary Carlos Dominguez said he doesn’t see a need for outsized government borrowings as he expects the economy to bounce back in 2021 amid a sustained reopening that’s been ... ( read original story ...)
Philippines’ plan to sell its Japanese real estate hits a wall
But the plan to sell them fell apart after the Philippine Supreme Court ruled it illegal, citing that it had not been approved by lawmakers. The properties have also been the focus of financial fraud. ( read original story ...)
With Tokyo posing a challenge to Hong Kong’s financial hub crown, are companies likely to head for Japan? Analysts weigh in
Japan is bent on turning Tokyo into Asia’s top finance hub, sensing that rival Hong Kong has been weakened by its political turmoil.The Japanese government announced this month that a financial servic ... ( read original story ...)