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Targeted News Service
targetednews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from targetednews.com Daily Mail and Mail on Sunday newspapers.
SA s biggest banks remain resilient amid Covid-19 shocks
mg.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mg.co.za Daily Mail and Mail on Sunday newspapers.
Key geopolitical issues for directors
Brexit, Beijing, Biden and other pressing geopolitical issues that board directors should be across in 2021, from Greg Earl. 01 February 2021 SHARE THIS
Disease pandemics might be the topic of the moment for forecasters these days, but a Lowy Institute survey of some of Australia’s key long-term planning documents the 2013 National Security Strategy, the 2016 Defence White Paper, the 2017 Foreign Policy White Paper and the 2019 Reserve Bank of Australia’s Financial Stability Review shows how concerns about black swan events can change.
Pandemic threats received scant or even no attention in those considered long-term outlooks compared with threats including terrorism, environmental disasters and financial shocks. But by August last year, McKinsey Global Institute was warning that a pandemic like COVID-19 could cost the world an estimated US$30 trillion in lost economic activity twice the cost of a world war.
Deloitte study: the COVID-19 crisis will accelerate the CEE banking sector consolidation; Romania had one of the largest number of banking transactions in the region
business-review.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-review.eu Daily Mail and Mail on Sunday newspapers.
Published on: Sunday, January 17, 2021
By: Jason Loh
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WITH the reimposition of the movement control order (MCO) which impacts the economy though less severe so compared to MCO 1.0, we may be witnessing the beginning of a housing loans crisis in the making. This near-apocalyptic scenario may not sound palatable for banking stocks and could well be just hypothetical. But we need to ensure such a hypothetical scenario can be averted and also simultaneously prepare to mitigate the fallout should pre-emption be not possible.
The backdrop to this is Malaysia being well-known as having one of highest household debt ratios in Asia and the highest in Asean. Looking at the data, our household debt to GDP ratio was reported at 82.2pc in June 2019. Bank Negara’s Financial Stability Review (Second Half, 2019) highlighted that household indebtedness level increased to 82.7 as at the end of 2019, driven by housing loans. According to Bank Negara Malaysia’s Financial Stability Re