The State Council executive meeting on March 24 announced that the previously introduced inclusive loan repayment extension and the credit loan support program for smaller businesses will be extended till the end of this year.
The two tools, more commonly known as the direct-benefit monetary policy tools, were first introduced last June, when the COVID-19-induced impact on the country s economy was severe and unprecedented.
Smaller and micro businesses, mostly clusters in manufacturing, innovative technology and services, are those with the most at stake. Since June, the two tools were expected to help spur new bank loans worth about 1 trillion yuan ($152.2 billion) to small businesses.
Credit Suisse's first quarter results could suffer a material impact after the bank started exiting positions after a U.S.-based hedge fund defaulted on margin calls it made, the bank said on Monday.
6.936
The number of owner occupier first home buyer loan commitments fell 3.3 per cent to 16,117 in February 2021 (seasonally adjusted). This is the first fall since May 2020, however, commitments remained at historically elevated levels. Compared to February 2020, the number of owner occupier first home buyer loan commitments rose by 65.8 per cent.
A 4.9 per cent fall in New South Wales and a 2.8 per cent fall in Queensland drove the fall in owner occupier housing loan commitments nationally. All other states with the exception of the Australian Capital Territory rose, with commitments in Victoria rising 4.2 per cent.
The value of new loan commitments for fixed term personal finance rose 1.1 per cent in February 2021 (seasonally adjusted), driven by lending for personal investment which rose 26.1 per cent.
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NewOcean Energy Prepares For Scaled-Down Bunkering Business After 2020 Loss
by Ship & Bunker News Team
Thursday April 1, 2021
Hong Kong-listed
NewOcean Energy has revealed plans for a scaled-down bunkering business, including potentially selling off parts of its barge fleet, after posting a loss for
2020. HK$2.4 billion last year, down from a
HK$607.1 million profit in 2019, in an annual report published on Wednesday. The firm had issued a profit warning earlier in the week, citing weakness in the bunker market. NewOcean is now preparing for a much smaller role in the bunker market. Being all set for the significant scale-down of our oil products business, we are committed to focusing not only on the sales of products with high gross profits, but also on lowering our costs, the company said.