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M'sian banks brace as O&G firms restructure debt

Chances are that more loans to the sector are likely to go sour if oil prices do not pick up significantly
Tuesday, September 27, 2016 - 05:50

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Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas (O&G) services sector that has been battered by the slump in energy prices and cutbacks in projects.

Kuala Lumpur

MALAYSIAN lenders are bracing for a hit to profits this year as they bump up provisions for sour loans to the local oil and gas (O&G) services sector that has been battered by the slump in energy prices and cutbacks in projects.

The problem mirrors pain playing out

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