BNM assured its commitment of assistance to business and household in debt. The announcement came on the last day of the automatic moratorium. The moratorium ended yesterday, 30th September. These include a targeted extension of the moratorium, as well as repayment flexibilities to help borrowers based on their specific financial situation. This targeted assistance approach ensures that more resources are available to assist those who are vulnerable. It also enables the banking sector to better support the broader economy through continued lending.
If we want to cut red tape, we need to put more teeth in the anti-red tape law and augment Anti-Red Tape Authority‘s (ARTA) budget, not create another law.
Tenaga Nasional Berhad (TNB), through its renewable energy retail arm, GSPARX Sdn Bhd (“GSPARX”) has inked an agreement with Malaysia Airlines Berhad (MAB). The agreement is to install solar panels on four of MAB’s buildings at Kuala Lumpur International Airport (KLIA).
Learning about labor rights and responsibilities has been made more accessible online through the Labor and Employment Education Services (LEES) e-Learning Portal.
Bursa Malaysia Berhad received the title of ‘Best Stock Exchange for Islamic Listings’ by Islamic Finance News (“IFN”) at the recent 14th Annual IFN Services Providers Poll.
It was a show of the industry’s readiness for domestic MICE (meetings, incentives, conventions and exhibitions) post-COVID-19. Some 6,000 suppliers, entrepreneurs and prospective clients attended the full-day hybrid event “Thailand MICE United”. The event comprised a trade mart, a technology showcase, dialogue sessions, and the launch of two new MICE cities.
Rose Policarpio, an overseas Filipino worker (OFW) previously in Saudi Arabia was on death row. Her crime, allegedly murdering her employer. Today she is finally home.
The Ministry of Manpower (MOM) and the Ministry of Health (MOH) will be
undertaking additional routine testing for COVID-19 at Toh Guan Dormitory, as a pilot to understand how more frequent testing will enable earlier detection of asymptomatic cases among migrant workers.
Charges against Secretary Francisco Duque III were almost up. Financial anomalies had been discovered whilst he was the Chairman of the Department of Health of the Philippines. Billions of funds released to PhilHealth (Philippine Health Insurance Corporation). Oddly, the multi-agency task force did not file charges against Duque. Philippines President, Rodrigo Duterte himself revoked the recommendations.
DTI Secretary announced that economic indicators in the country are now slowly improving. This improvement following the guidelines which eased quarantine restrictions and allowed reopening of some business sectors nationwide.