Govt mulling asset management company to prop up banking, businesses

Senior officials at the Ministry of Finance are reported to have met at the weekend to discuss how to bail out Malaysia’s banking sector and businesses. – The Malaysian Insight file pic, March 26, 2020.

The government is due to set up a national asset management company aimed at propping up the banking sector and troubled businesses hit hard by the Covid-19 crisis, according to a report in the Straits Times.

Apparently, senior Finance Ministry civil servants met at the weekend to discuss the proposed move and the fate of troubled flag carrier Malaysia Airlines Berhad.

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