Collapse of SVB in US unlikely to affect local banks, says Finance Ministry

The collapse of Silicon Valley Bank (SVB) in the United States is unlikely to have a contagion effect on the banking sector here said Datuk Seri Ahmad Maslan. The Deputy Finance Minister said the government is of the view that it will not spread here. He said when replying to a supplementary question raised by Datuk Dr Shuhaili Abdul Rahman (PN-Labuan) in Parliament on Tuesday. (March 21). Read more at https://bit.ly/3JV2NaX WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline