BNM: Loan 'restructuring and rescheduling' upon repayment moratorium expiry

KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

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MACC fails in RM100,000 forfeiture suit against Kasitah

KUALA LUMPUR (July 24): The prosecution, namely the Malaysian Anti-Corruption Commission (MACC), has failed to forfeit RM100,000 from former land and cooperative development minister Tan Sri Kasitah Gaddam, which he allegedly received from former prime minister Datuk Seri Najib Razak from ill-gotten money.

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