LONDON: Banks in the United States reported US$18.9-billion losses on soured loans in the second quarter, hitting the highest level in more than three years, reported Xinhua citing a Financial Times report on Wednesday. It came as “lenders contend with rising defaults among credit card and commercial real estate borrowers,”
QUITO: Six suspects arrested in connection with the assassination of Ecuadorian presidential candidate Fernando Villavicencio and another suspect who was shot dead are all foreigners, Xinhua quoted authorities on Thursday. The six suspects, all members of organised crime groups, were captured hiding in a house in Quito, the country’s capital,
ABUJA: The 15-member Economic Community of West African States (ECOWAS) on Thursday said it has resolved to activate its standby force in response to the recent coup in Niger while underscoring its continued commitment to restore constitutional order in the country through peaceful means. In a statement at the end
KIGALI (Rwanda): Ivory Coast is ready to provide troops to the regional force to be deployed in Niger in case of military intervention to restore constitutional order, President Alassane Ouattara announced Thursday. Ouattara spoke in the city of Abidjan after returning from a summit in Nigeria, where leaders of the
KUALA LUMPUR: Malaysia’s economy is expected to maintain its growth trajectory in the second quarter of the year (2Q 2023) albeit at a moderate rate of between 2.9 per cent and 4.2 per cent as high base effect kicks in, according to banks and research houses. The full-year Gross Domestic
MIRI: The Ministry of Youth, Sports, and Entrepreneur Development (MYSED) is committed to organising activities regularly through the ‘No week without a programme’ initiative. Deputy Minister of Youth, Sports, and Entrepreneur Development Datuk Gerald Rentap Jabu said that the support from all parties is crucial for the smooth running of
KUCHING: MagnumCares’ Cepat-Cepat Tolong Programme swiftly responded to the devastating fire incident that occurred on June 1 in Miri, offering immediate aid to 45 victims from eight families who were left homeless after their houses were razed in the pre-dawn blaze at Pujut Corner. MagnumCares’ Cepat-Cepat Tolong Programme mobilised Magnum’s
SIBU: A Satellite Office Services (Program Perkhidmatan Pejabat Satelit) and Dialogue Session programme will be held at three locations on Aug 6, 13, and 20. The programme is organised by the Sungai Empawah Neighbourhood Watch Committee (KRT) in collaboration with various village security and development committees (JKKK) such as JKKK
SEBAUH: Eleven families were made homeless when fire completely razed the Chaong Tubau longhouse here today. According to a press statement by the Fire and Rescue Department (FRD) Bintulu today, they received a distressed call at 7.30 am which prompted them to dispatch a team to the scene. Upon arriving
KUCHING: The Kuching and Samarahan Division Hawkers Association, in collaboration with 38 Yayasan Amal Cinta, recently extended their charitable contributions to Hope Place Kuching. The charitable non-governmental organisation (NGO) received 300 packets of Milo malt drinks, 200 packets of instant oats, and 100 packs of children’s diapers from the association.