Govt, opposition MPs support moratorium extension
KUALA LUMPUR: Members of the parliament from the government and opposition bloc have expressed support for the proposed extension of the loan moratorium period until June 2021 to be included in Budget 2021 to help the people cope with Covid-19. Datuk Seri Ahmad Maslan (BN-Pontian) suggested that after the six-month period ends, those with loans […]
Commerce chamber welcomes moratorium extension
KUCHING:Kuching Chinese General Chamber of Commerce and Industry (KCGCCI) secretary-general Jonathan Chai Voon Tok welcomes the move by the government to extend the moratorium on bank loans for another three months for targeted groups. As announced by Prime Minister Tan Sri Muhyiddin Yassin on Wednesday, the extension was for individuals who had lost their jobs […]
Businesses welcome moratorium extension
KUCHING: The targeted moratorium extension as well as other assistance extended to small and medium enterprises (SMEs) and individuals are very much welcome and will help businesses to stay afloat during the current Covid-19 pandemic, said Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman Sim Kiang Chiok. Under the extension, those who […]
Loan payment pause extended
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin yesterday announced the extension of loan repayment moratorium by three months for those who have lost their jobs in 2020 due to the fallout from the Covid-19 pandemic and have yet to secure employment, while targeted approaches will be undertaken for the rest. After the three months, the moratorium period could […]
Extend loan moratorium for tourism industry
KUCHING: The Malaysian Association of Tour and Travel Agents (Matta) has urged the government to extend the loan moratorium for another six months for the tourism industry. According to a press statement issued today, Matta president Datuk Tan Kok Liang pointed out that the tour and travel industry was the hardest hit by the recent […]
Federation welcomes request for moratorium extension
KUCHING: The request for extension of moratorium on repayment is welcomed and seen as a good initiative to help businesses bounce back. Last Saturday, Malaysian Trades Union Congress (MTUC) urged the Finance Ministry and Bank Negara Malaysia (BNM) to ask banks to consider extending the moratorium on loan repayments by at least another six months. […]
Moratorium extension decision after September
KUALA LUMPUR: Banks are anticipated to come up with their own decision on whether to extend the loan repayment moratorium or not once the moratorium ends in September, says analyst. Affin Hwang Capital Research analyst Loong Chee Wei said some quarters who are affected by the pandemic to the point of losing their job would […]
