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Banks to remain resilient


Banks loans
PETALING JAYA: Despite tightening the enforcement of the movement control order (MCO) 3.0, the banking sector is expected to hold up even though the stricter ruling will dampen business and consumer sentiment.
Most analysts are maintaining their loan growth projection for the year. While they anticipate the gross impaired loan (GIL) ratio to inch up, as the stricter enforcement may weaken some borrowers’ debt-paying ability, they say the number will likely remain benign.
Net interest margin (NIM) for the sector is set to improve in view of no further cut in the overnight policy rate (OPR) this year; hence higher profitability for banks is on the cards. ....

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French reporter kidnapped by jihadist rebels in north Mali


French reporter kidnapped by jihadi rebels in northern Mali
BABA AHMED , Associated Press
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BAMAKO, Mali (AP) The chief of Reporters Without Borders says that jihadi rebels kidnapped French journalist Olivier Dubois on April 8 while he was working in Mali’s northern city of Gao.
A video was released Wednesday that shows Dubois saying he was kidnapped by the al-Qaida-linked group JNIM. In the video he calls on his family, friends and authorities to work for his release. The video could not be independently verified.
Reporters Without Borders chief Christophe Deloire confirmed the kidnapping to The Associated Press, and called for the reporter s release. ....

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