The Government extended the Now 12 program

The national government extended until December 31 next the validity of the Program Now 12, and incorporated the operations carried out through cards of credit issued by non-financial entities. This was done through Resolution 201/2020 of the Ministry of Internal Trade published this Wednesday in the Official Gazette. The regulation specifies that the program will […]

Ready to disburse IDR 90 Trillion Credit, This is Strategy 4 of BUMN Banks to Press NPL

Jakarta, CNBC Indonesia – The Association of State-Owned Banks (Himbara) said it would distribute credit after obtaining a government saving fund of Rp 30 trillion. Himbara banks are also committed to maintaining credit quality so that they will not cause problem loans (non performing loan(NPL) in the future. Chairman Himbara who is also the President […]

Credit Suisse & Co. reach for fortune from Luckin-Coffee-Chef

Luckin Coffee A court hearing to liquidate Charles Zhengyao Lu’s private company is scheduled for June 8. (Photo: Reuters) Hong Kong The lending banks are taking action against the chairman of the Chinese coffeehouse chain Luckin Coffee. The institutions represented by Credit Suisse have initiated legal proceedings to liquidate Charles Zhengyao Lu’s private company, according […]

Travel industry outraged by government decision to cancel corona

Berlin The German Travel Association (DRV) has reacted sharply to government plans for voluntary travel vouchers in the corona crisis. “The cabinet’s decision simulates an act of the federal government that is not there in reality. This is a pseudo-solution that does not solve the problems of the travel industry, ”said DRV President Norbert Fiebig. […]

Japan’s major banks defy the crisis with profit forecasts

Tokyo Tatsufumi Sakai, head of Japan’s third largest financial group, Mizuho, ​​gave a thoughtful tone: “We are in an unprecedented crisis, in which demand is currently dwindling and the global economy is slumping,” he warned when presenting the annual balance sheet on Friday. The future is uncertain and he may revise his earnings forecast depending […]

Corona emergency aid from the euro rescue fund finally approved.

Olaf Scholz (SPD), Federal Minister of Finance Federal Minister of Finance Olaf Scholz praised Europe’s rapid joint response to the Corona economic crisis (Photo: dpa) Luxembourg The euro area countries can use Corona relief loans amounting to 240 billion euros from the ESM rescue fund. The Board of Governors of the European Stability Mechanism (ESM) […]

The first pillar of start-up aid is now available

Hamburg The first pillar of the announced start-up aid from the federal government has been released. The promotional bank KfW announced on Thursday that venture capitalists can now apply for grants for financing rounds for start-ups. Direct help for founders without venture capitalists, however, is unlikely to be available until early June. Just over six […]

Banks and savings banks charge an average of almost ten percent overdraft interest

Berlin For more and more people in the corona crisis it is foreseeable that they will reach the financial limit at the end of the month and have to overdraw their account. Finally, unemployment rises and short-time work rises to unprecedented heights. How expensive it can be for consumers to overdraw their accounts is shown […]