Thursday, July 22, 2021

moratorium

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...

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...

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...

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...

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...

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,...

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...

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...

Unconditional moratorium will be given to all individual borrowers, micro-entrepreneurs

KUALA LUMPUR: A six-month moratorium will be given to all individual borrowers whether they are from the B40, M40 or T20 groups, or micro-entrepreneurs, Tan Sri Muhyiddin Yassin said. The prime minister said no more conditions such as income reduction,...

Banks need to give clear explanation about moratorium to affected M40

KUALA LUMPUR: The Association of Banks in Malaysia (ABM) needs to provide a clear explanation about the moratorium for M40 income earners affected by the movement control order (MCO) 3.0, Minister in the Prime Minister's Department (Economy) Datuk Seri...
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Prepare for socio-economic transition post-Covid-19

KUALA LUMPUR: Tan Sri Muhyiddin Yassin said it is time for industries and businesses to prepare for the socio-economic...
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