Best to continue with targeted only moratorium
KUCHING: In the current pandemic situation, it is best for the government to continue with a targeted only moratorium, and not introduce the deferment of loan payment or blanket moratorium at all, said economist Datuk Dr Madeline Berma. She pointed out that banks were already providing the Targeted Repayment Assistance (TRA) programme during this critical […]
Bank Rakyat offers relief for flood victims
KUCHING: Bank Rakyat is giving a six-month moratorium on financing facility to customers affected by the recent floods in the country. Minister of Entrepreneur Development and Cooperatives Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the move taken by Bank Rakyat is to reduce the financial burden of the affected customers, especially those who are […]
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 […]
Only targeted moratorium after this, no blanket extension
KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) is looking at providing targeted moratorium on bank loan repayments to its customers after the current six-month moratorium period ends, said chief executive officer Datuk Sulaiman Mohd Tahir. He said extending the financial relief on a blanket basis was not a wise move given the different environment during […]
Targeted moratorium extension up to banks
KUALA LUMPUR: It is up to the banks if they wish to extend the loan moratorium in a targeted way, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He expressed the view that banks should look into targeted assistance but they cannot be forced to do so as it within their jurisdiction. “(There are) […]
