Economist: Banks’ targeted assistance appropriate


Juwai IQI chief economist Shan Saeed (file pic) said with the economic growth outlook to stand at between 3% and 4% for 2021, which is highly desirable in the current scenario, both customers and banks needed to assess the position at this point of time.

PETALING JAYA: Banks’ targeted assistance approach to help needy customers is viewed as the most appropriate solution for now as the movement control order (MCO) 3.0 would likely be a short one.

The acceleration of the ongoing vaccination programme to curb the spread of Covid-19 is expected to result in a drop in the number of cases soon, said an economist.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Banks , targeted , assistance , Shan Saeed ,

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read