News about moratorium

KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.

KUALA LUMPUR (Sept 24): It is “imperative that short-term relief measures do not incur significant long-term damage to the economy”, emphasized Bank Negara Malaysia (BNM).

KUALA LUMPUR (Sept 15): The move by the Ministry of Finance (MOF) instructing banking institutions to work on the exemption of interest payments for recipients of the targeted payment assistance has generally taken analysts by surprise.

KUALA LUMPUR (Sept 14): Prime Minister Datuk Seri Ismail Sabri Yaakob (pictured) told the Dewan Rakyat today that the government is considering calls to compel lenders such as banks to waive interest fees on deferred loans to help ease the plight of the rakyat who are burdened by the Covid-19 pandemic.

KUALA LUMPUR (Sept 14): The Ministry of Finance (MoF) has instructed banking institutions to work on the exemption from interest payments for recipients of the bank loan moratorium immediately.

PETALING JAYA (Aug 28): There is a potential rise in abandoned projects as the Covid-19 pandemic drags on with high daily cases.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz in June 2021 announced a six-month loan moratorium under the RM150 billion PEMULIH stimulus package.

KUALA LUMPUR (July 7): Banks have started taking applications for the six-month loan moratorium today.

KUALA LUMPUR (July 7): Banks have started taking applications for the six-month loan moratorium today.

KUALA LUMPUR (July 6): Individuals, microenterprise borrowers and SMEs that are affected by the pandemic may start applying for the six-month moratorium from tomorrow onwards, via banks’ website, email or phone call.