News about LOA

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) has announced that its Shariah Advisory Council (SAC) has made a ruling on practices of restructuring of Islamic financing facilities during the Covid-19 crisis.

KUALA LUMPUR (July 30): The Federation of Malaysian Manufacturers (FMM) has called on banks to consider making the process for the restructuring of loan repayments be made simple and seamless, given it is based on the individual banks’ commitment and not a directive from the government.

KUALA LUMPUR (July 30): The extension of the loan moratorium for targeted groups announced by the Government today has a “minimised” impact on the country’s banking sector, said MIDF Research economist Mazlina Abdul Rahman.

KUALA LUMPUR (July 29): The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced today.

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.

PETALING JAYA (July 27): Despite government incentives in economic packages and economic recovery plans, Nawawi Tie Leung Property Consultants anticipated that more residential properties are expected to be offloaded in the market as loan moratorium period ceases in end-September.

KUALA LUMPUR (July 4): The Malaysian Trades Union Congress (MTUC) said today the government and Bank Negara Malaysia (BNM) must compel banks to extend the loan repayment moratorium by six more months or see record asset forfeitures involving borrowers.

PETALING JAYA: Its personalised service and social media engagement with customers have helped property developer Oriental Interest Bhd clear off some unsold units from its projects in the current market downturn.

Owning a property can be more than a home or an investment.

KUALA LUMPUR (May 1): Bank Negara Malaysia has issued an FAQ to respond to the public’s queries on the six-month moratorium granted on Hire-Purchase loans and fixed rate Islamic financing.