News about moratorium

KUALA LUMPUR (June 29) : The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) said today that their member banks will be offering six-month moratorium from July 7, in line with the government's PEMULIH stimulus.

KUALA LUMPUR (June 29): Analysts expect the latest blanket moratorium on loan repayments to cause lower modification losses for banks as it is being offered on an opt-in basis.

PETALING JAYA (June 28): Although the newly announced six-month blanket loan moratorium might be able to temporarily help wage earners to alleviate their financial burden, a more sustainable long-term economic plan is crucial for the country’s recovery, said economists.

PETALING JAYA (June 28): The newly announced blanket loan moratorium is beneficial in helping to alleviate individuals’ financial burdens due to the prolonged lockdown, said Real Estate & Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon.

KUALA LUMPUR (June 17): Veteran parliamentarian Lim Kit Siang has proposed a one-year "political moratorium", which can be extended to two years, in order to galvanise all lawmakers into one national priority — to win the war against Covid-19 and ensure coronavirus deaths do not exceed 5,000.

KUALA LUMPUR (June 14): When the World Health Organization announced last year that Covid-19 had turned into a pandemic, many countries around the world, including Malaysia decided to impose a lockdown to help control the spread of the virus.

KUALA LUMPUR (June 12): A group of 14 business and consumer organisations supported by 125 associations has called for a blanket loan moratorium until Malaysia reaches herd immunity from Covid-19.

KUALA LUMPUR (June 10): A six-month automatic loan moratorium that is interest-free and without any condition should be extended to all borrowers, according to the SME Association of Malaysia.

KUALA LUMPUR (May 11): Loan moratorium may not be the best solution for all borrowers as they should engage with banks to seek the right advice to suit the borrowers’ circumstances and best interest, according to Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus (pictured).

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