Other than Malaysia, the rating agency also reduce the growth forecasts of other top economies in Asia including India and the Philippines. India's growth projection downgraded to 9.5% from 11%; the Philippines' lowered to 6% from 7.9%.
"I would have chosen a targeted approach whereby banks are incentivised to keep alive only those loans that have a chance of repayments in the future."
Muhyiddin announced a six-month blanket loan moratorium under the PEMULIH initiative to be given to all individual borrowers equally.
They have forwarded many submissions pointing out that the threshold to exit each phase is arbitrarily based on set absolute numbers of Covid-19 cases without any scientific basis.
In a separate report by CNA in 2018, owners of the oceanfront condominium units were informed that the major repair of the building will cost at least RM37 million.
It is chosen as the pilot area for its relatively small population of around 178,000 residents, to allow the reopening of the holiday island, the authority is now speeding up the ivaccination pace to ensure at least 90% of the residents are Innoculated by September to achieve herd immunity.
Oscar-winning actor takes over Jesse Tyler Ferguson’s Los Feliz house for US$7.1 million (RM29 million)
The newly-minted chairman is laying out plans to navigate REITs through Covid-19
Datuk Chang Kim Loong: Our contention is, this fee for a standard form has been charged since 2013. Surely, such costs must have been amortised over the years. Must the banks continue to profit from the sale of forms? Isn’t their major source of income derived from giving out loans?
President/CEO Mohd. Salem Kailany: We have redesigned our logo to make it sharper and stand out. We also have been engaging more with the public and target markets. We need to let them know who we are, what we have done and what we can do for them in the future
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