news

PM to announce loan moratorium extension, targeted bank assistance at 3pm

KUALA LUMPUR (July 29): Prime Minister Tan Sri Muhyiddin Yassin is expected to announce an extension to the loan moratorium period and targeted loan assistance in a live telecast at 3pm today, reported MalaysiaKini.

The six-month loan moratorium period which started on March 25, 2020, is supposed to end on Sept 30. The moratorium was introduced to ease the burden faced by the small and medium enterprises as well as individuals affected by the Covid-19 pandemic.

Earlier, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said banks were reportedly incurring a modification loss of RM79 billion over the moratorium period.

Meanwhile, a total of 7.7 million individuals and over 245,000 small and medium enterprises have benefitted from the moratorium.

Stay safe. Keep updated on the latest news at www.EdgeProp.my
Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Muhyiddin launches policy to consolidate unity
  2. 5MY Programme to tackle urban poverty issues in Federal Territory
  3. Party leaders in PN govt satisfied with explanation on Emergency Ordinance — Muhyiddin