News about moratorium

KUALA LUMPUR (Feb 11): Blanket loan moratorium is not the remedy to the current economic problems.

KUALA LUMPUR (Jan 23): Twenty-five opposition Members of Parliament (MPs) have urged the government to implement another six months of automatic loan moratorium to help businesses and individuals mitigate the economic impact of the COVID-19 pandemic.

KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.

KUALA LUMPUR (Jan 18): The Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said banks will continue to extend repayment assistance, including an extension of the existing moratorium where applicable, to individuals affected by the current movement control order (MCO).

KUALA LUMPUR (Jan 15): The Federation of Malaysian Consumers Association (FOMCA) has called on Bank Negara to extend the loan moratorium until at least August for all affected workers in the wake of the second Movement Control Order (MCO).

KUALA LUMPUR (Nov 13): Reimposing a blanket loan payment moratorium in the country is not in the best interest of the economy, says Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus (pictured).

KUALA LUMPUR (Oct 29): The National Union of Bank Employees (NUBE) has urged government and opposition lawmakers to jointly urge the finance minister to reinstate the blanket moratorium on bank loans for at least six months through Budget 2021.

PETALING JAYA (Oct 17): Malaysia Building Society Bhd (MBSB) anticipates returning to the black in the third quarter of this year after two consecutive quarters of losses, The Edge Malaysia reported in its latest issue.

KUALA LUMPUR (Oct 17): The National Union of Bank Employees (NUBE) is demanding urgent reinstatement of the blanket loan moratorium by a further two to three months across the country at least for the bottom 40% (B40) and middle 40% (M40) income groups as well as small and medium enterprises (SMEs).

KUALA LUMPUR (Oct 14): Bank Negara Malaysia (BNM) data showed that the total value of loan repayments had reached 70% of what it was prior to the blanket loan moratorium period.