Bank Negara and the central banks of Indonesia, the Philippines, Singapore and Thailand have come to an agreement on the shared goals for establishing Project Nexus, a multilateral platform aimed at connecting domestic payment systems.
They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good
Zombies are commonly defined as companies that have failed to make enough money from operations in the past three years to pay even the interest on their loans.
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