Kuala Lumpur: Targeted assistance will enable banks to assess the unprecedented situation brought about by the Covid-19 pandemic and channel funds to much-needed sectors and aid economic recovery.

Kuala Lumpur: Malaysia Airports Holdings Bhd (MAHB) on Sunday clarified that its filing of a RM78 million lawsuit against AirAsia X will not derail the latter’s debt restructuring scheme.

TOKYO: ANA Holdings Inc plans to cut about 3,500 jobs in three years as Japan’s largest airline operator braces for its biggest-ever annual loss due to a plunge in demand driven by the coronavirus pandemic, the Yomiuri daily reported.

Kuala Lumpur: Pengerang LNG (Two) Sdn Bhd (PLNG2), a 65 per cent-owned subsidiary of Petronas Gas Bhd (PetGas), has successfully concluded the issuance of a 20-year multi-tranche Sukuk Murabahah amounting to RM1.7 billion under its Islamic Medium-Term Notes Programme.

TOKYO: Japan and Britain signed a bilateral free trade deal Friday in the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant.

Kuala Lumpur: Borrowers, especially those affected by the movement curbs due to a spike in Covid-19 cases in Malaysia, can still seek help from their respective banks on their loan repayment.

WASHINGTON: When President Donald Trump visited a Whirlpool factory in Ohio in August, he boasted that his trade policy had led to the creation of about 200 jobs for the appliance manufacturer at the plant.

HONG KONG: Cathay Pacific announced plans Wednesday to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the “devastating” impacts of the coronavirus pandemic.

Kuala Lumpur: The Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the third quarter (Q3) of 2020, settling at 86.3 points as compared to a major drop of 22.0 points in Q2, indicating a boost in manufacturers’ confidence level.

Kuala Lumpur: The government is seriously looking at funding to boost the creative industry, said Communications and Multimedia Minister Datuk Seri Saifuddin Abdullah Tuesday.