News about LOA

KUALA LUMPUR (March 27): RHB Banking Group became the first local bank to announce that it will not be compounding interest for its retail and small and medium enterprise (SME) customers during the six-month moratorium period recently announced by Bank Negara Malaysia (BNM).

KUALA LUMPUR (March 26): OCBC Bank (Malaysia) Bhd said it will not be compounding interest and profit on mortgages and loans for small and medium enterprises (SMES) during the six-month moratorium period.

KUALA LUMPUR (March 25): The Malaysian Trades Union Congress (MTUC) has welcomed Bank Negara Malaysia (BNM)’s directive to financial institutions to provide a six-month reprieve on loan instalment payments amid the economic fallout of the COVID-19 pandemic.

KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) is likely to introduce additional relief measures to ease borrowers affected by by the COVID-19 outbreak.

KUALA LUMPUR (March 24): Automatic moratorium on loan repayments will be granted to small and medium enterprises (SMEs) and individuals — an additional measure taken by Bank Negara Malaysia to relieve the burden on businesses and households that are expected to be affected by the COVID-19 outbreak.

KUALA LUMPUR (March 20): Cagamas Bhd has conducted RM450 million in issuances, which will be used to fund the purchase of mortgage loans from the financial system.

KUALA LUMPUR (March 11): The National Feedlot Corporation (NFC) could not meet its 2010 target to slaughter 8,000 cows as the government had reneged on an execution agreement to build slaughterhouses that were required for the NFC project, NFC’s lawyers suggested at the High Court yesterday.

KUALA LUMPUR (March 4): Eden Inc Bhd said today the diversified company had on Friday (Feb 28) received compensation amounting to RM16.

KUALA LUMPUR (Feb 15): The National Feedlot Corp Sdn Bhd (NFC) never achieved the primary targets that were stipulated by the government when it granted an RM250 million loan to the company, chief of which was to set up a national feedlot centre in Gemas, Negeri Sembilan.

KUALA LUMPUR (Feb 11): The Association of Banks in Malaysia (ABM) says its members are undertaking measures to ensure their respective customers are able to weather the impacts caused by the coronavirus.