Posted by Michael Kwok > 2022-02-04 20:13 | Report Abuse

My answer to anwar.
I)No people foreseen covid coming and last tht long.
II)1-2 billion as provision wont bankcrupt the country and maybank
III)At first place,genting hong kong is a sure bet due to robust china economy.

Posted by Tobby > 2022-02-04 20:16 | Report Abuse

Dumbass Anwar! Genting Hong Kong assets are more that the debts! Eventually our local banks will get their unsecured loans! Our local banks gave them because of Director Lim reputation! Nobody saw Covid coming! Just down it! GHK is already under liquidation! Getting repayment will take some time but it's not going to be bad debts afterall!

Posted by Tobby > 2022-02-04 20:18 | Report Abuse

Instead Anwar should look at his blunders as MOF! Made the dumbass moves! Bankrupt so many companies by hiking the highest rate in history! Helped Mahathir bailout his children companies!

Posted by bang_miskin > 2022-02-04 20:26 | Report Abuse

Much ago about nothing. Echoing @Michael Kwok's second point. If the three banks involved were in financial trouble based on this unsecured loan, you really have to question their risk management practices. Moreover when those loans are made, nobody can foresee covid's impact on the global tourism industry. It is almost like blaming investors for holding Genting and Airasia's shares before the pandemic.

When you have politicians/oppositions like this, you can start to understand how the incumbent government can maintain power for so long...because oppositions are not necessarily better (maybe worse)!