EVENING 5: Five things you need to know today

TheEdge Mon, Jul 27, 2020 08:46pm - 3 years View Original


EVENING 5: Banks estimated to lose RM6.4b during moratorium

1. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the banking sector is estimated to see losses of RM6.4 billion during the loan moratorium period.

2. Affin Bank Bhd has estimated an RM80 million day-one modification loss caused by the six-month moratorium on hire purchase loans.

3. The High Court rejected AirAsia Group Bhd's and AirAsia X Bhd's application for leave to commence judicial review proceedings against the Malaysian Aviation Commission.

4.  LBS Bina Group Bhd has lowered its sales target to RM1 billion as it takes into account the impact of the Covid-19 outbreak.

5. A Negeri Sembilan businessman has testified donating RM6 million to Yayasan Akalbudi, a foundation linked to former deputy prime minister Datuk Seri Ahmad Zahid Hamidi.

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