Summary of business stories from May 31 to June 6

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A quick recap from the business world.

, Maybank, loans, the economy and the digital banking venture between Axiata and RHB Bank were among top read stories last week. said this measure will enable the bank to better manage the crowds at branches and reduce the potential of transmission as far as possible, as it seeks to protect the safety of its customers, and employees.

In a series of tweets detailing the eligibility for reduction of monthly instalments, the central bank clarified that under the latest loan repayment assistance, the B40 recipients of Bantuan Sara Hidup/Bantuan Prihatin Rakyat can choose either a three-month moratorium or reduction of monthly instalments by 50 per cent for six months.

Through innovative, efficient and secure banking services, we are confident our strategic collaboration will meet the fast-evolving demands of segments of retail customers and micro-SMEs overlooked by traditional institutions.Most of us agree that fighting this Covid-19 war is more of a marathon than a sprint.

Under Budget 2021, from the approved allocation of RM322.5bil, a total of RM117.5bil have been spent as of April 2021.The Ministry of Finance pointed out the E&E sector enables critical infrastructure globally, such as healthcare and medical devices, water systems and energy grids, as well as transportation and telecommunication networks.

On Friday, Serba Dinamik said KPMG had raised issues over more than RM3.5bil billion of contracts and transactions that the auditor had not been able to verify with 11 customers.

 

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