BNM likely to introduce additional relief measures for borrowers
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.
BNM allows banks to tap into capital buffers amid COVID-19
KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) announced today that it is allowing banking institutions to tap into their capital buffers, and to provide flexibility on several operating guidelines as the nation grapples with the impact of the COVID-19 outbreak.
BNM announces automatic six-month moratorium on all bank loans, but not credit card balances
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.
Maybank temporarily closes low-traffic branches during MCO
KUALA LUMPUR (March 24): Malayan Banking Bhd (Maybank) is temporarily closing about 130 branches and service centres out of a total of more than 350 until March 31 during the movement control order (MCO).
No more exports of face masks, says Putrajaya
KUALA LUMPUR (March 20): The government has actually already banned the export of face masks effective March 18 in light of the COVID-19 situation in the country, says the Domestic Trade and Consumer Affairs Ministry.
BNM lowers SRR ratio from 3% to 2%, in move to release RM30b into banking system
KUALA LUMPUR (March 20): Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve requirement (SRR) ratio from 3% to 2%, effective March 20.
Public Bank to provide special relief facility for SMEs, relief assistance for loans
KUALA LUMPUR (March 19): Public Bank Bhd will be providing a special relief facility for small and medium enterprise (SME) customers and a relief assistance programme for loan repayments.
Rock-solid Public Bank sinks to seven-year low
KUALA LUMPUR (March 19): Public Bank Bhd, usually described as solid like a rock, suffered its largest single-day percentage drop in ten years, to close at RM13.
RHB expands financial aid to COVID-19 affected customers with moratorium on loans
KUALA LUMPUR (March 18): RHB Bank and RHB Islamic Bank are now offering a moratorium of up to six months for loan repayments to customers affected by the Covid-19 outbreak, via its financial relief programme.
CIMB offers up to six-month moratorium on loan repayments to COVID-19 affected clients
KUALA LUMPUR (March 18): CIMB Bank Bhd and CIMB Islamic Bank Bhd have expanded their financial relief programmes for customers who have been impacted by the continued COVID-19 outbreak.
