Belarus introduces death penalty for attempted terrorism
MOSCOW: Belarus has introduced the death penalty for attempts to carry out acts of terrorism, Russian news agencies reported Wednesday, charges that several opposition activists face in the ex-Soviet country. Belarus − a close ally of Russia − is the only country in Europe that continues to carry out executions despite calls for a moratorium. […]
Chamber optimistic about businesses bouncing back
KUCHING: The Sarawak Chamber of Commerce and Industry (SCCI) is looking forward to an optimistic business recovery for its members and the state. SCCI president Datuk Abang Abdul Karim Tun Openg acknowledged that many organisations, big and small, had been adversely affected during the last 18 months or so. He advised them to persevere, saying: […]
PTPTN always open to discussion with borrowers
CHANGLUN: The National Higher Education Fund Corporation (PTPTN) is always open and flexible to find solutions for its borrowers who are facing repayment difficulties. Its chairman Datuk Wan Saiful Wan Jan said borrowers should not be shy or embarrassed about discussing the problems with PTPTN. “Even without a moratorium offer, if borrowers facing difficulties (to […]
Medac extends SKM revolving capital fund moratorium facility until November
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (Medac) through the Cooperative Commission of Malaysia (SKM) has extended the deferment period of repayment facility for the Malaysian Cooperative Commission Revolving Capital Fund (TMPSKM) until November 2021. Medac said in a statement today that previously the ministry only offered a moratorium facility for three months […]
Borrowers may contact BNMTELELINK over problems on loan repayment assistance
KUALA LUMPUR: Bank Negara Malaysia (BNM) has urged the public to contact BNMTELELINK if they were to encounter any problems with loan repayment assistance applications or difficulties in contacting their respective banks. The central bank said if borrowers faced any difficulties with their banks, or if their instalments increased unreasonably, they may contact BNMTELELINK at […]
Malaysia’s 2021 fiscal deficit to hover between 6.7-7 pct of GDP
KUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is […]
Government implements various initiatives to ensure cooperatives survival
KUALA LUMPUR: Various initiatives have been implemented by the government to show responsive feedback in ensuring economic survival of the cooperatives sector in particular and the country in general, the Ministry of Entrepreneur Development and Cooperatives (Medac) said. In a statement today, it said various initiatives have been introduced through the Cooperative Commission of Malaysia […]
Automatic moratorium on loans a welcome relief
KUCHING: The public have welcomed the six-month automatic moratorium on bank loans for individual borrowers, including those in the B40, M40, and T20 groups, as well as small and medium enterprises (SMEs) and micro-entrepreneurs. Prime Minister, Tan Sri Muhyiddin Yassin, announced the moratorium on June 28 as part of the National People’s Wellbeing and Economic […]
MyCreative provides 6-month moratorium to eligible customers
KUALA LUMPUR: MyCreative Ventures Sdn Bhd will provide a six-month loan moratorium to eligible applicants under the National People’s Well-being and Economic Recovery Package (Pemulih). The government investment arm, which had been set up to spur Malaysia’s creative industry, said the moratorium will further support creative entrepreneurs in remaining resilient and ease the strain on […]
Comprehensive assistance for the people to face pandemic’s impact
KUALA LUMPUR: Good news for all Malaysians categorised as hardcore poor, B40, M40 and T20 groups as the government today announced comprehensive assistance under the National People’s Well-Being and Economic Recovery Package (Pemulih) totalling RM150 billion. The package is a continuation of the seven assistance and economic stimulus packages amounting to RM380 billion implemented by […]
