Banks raising capital to ‘tackle higher loan impairments’: Yap

  Credit growth reached 8.54 percent as of July 29 against the end of 2015

 

Government-backed loans for state enterprises were equivalent to 17.6 percent of public debt

It reportedly got the loan in 2010-11 to buy buses and invest in real estate projects.

Government wants banks to speed up lending to spur growth  

Government agencies have been ordered to cut spending and increase tax collections

But remain below 3 per cent threshold set by central bank

 

The airline was the second biggest holder of foreign debt among state-owned enterprises last year

The ratio is forecast to hit 62.3 percent of GDP at the end of this year, but officials assure...

Thien Ma Seafood Company's director and chief accountant accused also of cooking books to keep company afloat

The central bank forecasts loan growth will reach a six-year high of 18-20 percent this year

  Trade deals credited with boosting 2015 growth

The government plans to issue $8.85 billion worth of sovereign bonds in 2017-20 to fund public projects