Bloomberg India will subsidise interest costs for small borrowers who had availed of a six-month loan repayment holiday to survive as the pandemic devastated cash flows, according to court documents seen by Bloomberg. Prime Minister Narendra Modi’s government will pay the “interest on interest” on loans of as much as 20 million rupees ($273,000) for the duration of the Reserve …

Bloomberg Changi Airport Group said the impact from the Covid-19 pandemic isn’t abating as officials behind the world’s best airport warned of a “daunting” period ahead. Passenger traffic for Changi for the fiscal year ended in March declined for the first time in more than a decade, as a slump in the last two months of the period wiped out …

Bloomberg Malaysia Airlines Bhd has reached out to lessors, creditors and key suppliers as part of its “urgent” restructuring exercise as it sees little sign of the pandemic easing. The flag carrier, wholly owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, would take more drastic measures if the restructuring can’t be completed over the next few months, according to …