News about moratorium

KUALA LUMPUR (July 30): The extension of the loan moratorium for targeted groups announced by the Government today has a “minimised” impact on the country’s banking sector, said MIDF Research economist Mazlina Abdul Rahman.

KUALA LUMPUR (July 30): The announcement of the moratorium extension and loan repayment flexibility will mitigate forced or panic selling that could further distress the property market and restore certainty in terms of value for both the secondary market and the value of property in general, said CBRE|WTW managing director Foo Gee Jen.

KUALA LUMPUR (July 29): The loan repayment flexibility will be opened for application from Aug 7, 2020, Bank Negara Malaysia (BNM) (pictured) announced today.

KUALA LUMPUR (July 29): Prime Minister Tan Sri Muhyiddin Yassin is expected to announce an extension to the loan moratorium period and targeted loan assistance in a live telecast at 3pm today, reported MalaysiaKini.

KUALA LUMPUR (July 28): Johor Bahru MP Akmal Nasir (pictured) questioned Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz's statement yesterday on the banking sector's estimated losses of RM1.

PETALING JAYA (July 27): Despite government incentives in economic packages and economic recovery plans, Nawawi Tie Leung Property Consultants anticipated that more residential properties are expected to be offloaded in the market as loan moratorium period ceases in end-September.

KUALA LUMPUR (July 21): Discussions are currently ongoing for banks to provide targeted assistance to those in need, after the moratorium period ends on Sept 30, 2020, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pictured).

KUALA LUMPUR (July 13): The Malaysian Association of Tour and Travel Agents (MATTA) has urged the government and Bank Negara Malaysia (BNM) to extend the bank loan-repayment moratorium by another six months for the tourism industry because the sector is the hardest hit by the Covid-19 outbreak and studies indicate that it will only recover from the crisis much slower than other local industries.

KUALA LUMPUR (July 4): The Malaysian Trades Union Congress (MTUC) said today the government and Bank Negara Malaysia (BNM) must compel banks to extend the loan repayment moratorium by six more months or see record asset forfeitures involving borrowers.

KUALA LUMPUR (June 29): Parti Sosialis Malaysia (PSM) and a group of 16 non-government organisations (NGOs) that have joined hands to create the Rent Freeze Committee are calling for a moratorium on all private housing rental for a one year period.