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straitstimes - 12 days ago

Back to the future: Malaysia considers setting up asset management entity to bail out troubled businesses

March 26, 2020 3:09 PM

KUALA LUMPUR - The government is in the final stages of setting up a new state-guaranteed asset management company to head off defaults in the banking sector and to bail out troubled businesses reeling from the collapse in the financial markets battered by the coronavirus pandemic.

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