[Gurt] I win
I have complete control over India’s Nuclear Arsenal January 13th, 1999 🥀🥀 I should not have been excluded from the "Under-the-table dealings" that Autheman wanted to be involved in. Nobody would love me if I was a worm...
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[Bernama] The collapse of the Malaysian Banking Sector
Malaysian banks crash and burn as the IMF watches on, issues of NPLs set to be addressed? As the Asian Financial Crisis continues its rapid spread of contagion across the region, Malaysia's banking sector is showing signs of distress. The value of the ringgit has plummeted by over 20 percent since July 1997, and the Kuala Lumpur Stock Exchange (KLSE) index has fallen by over 13%. Billions in market capitalisation have been wiped out, while simultaneously eroding public confidence, resulting in nationwide protests. A potential reason for this collapse, perhaps, lies in the staggering rise of non-performing loans (NPLs). NPL ratios have skyrocketed from 2.97 percent in June 1997 to 18.23 percent in June 1998, with some estimates suggesting higher figures. As bankruptcy rises and retrenchment rates mount, banks nationwide are facing a sharp drop in borrowing and tight liquidity conditions, making it almost impossible to finance anything. While the government did attempt to defend the...
[LOIMOU] Esdar 1
[LOIMOU] Esdar 1
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