Banks Need To Give Clear Explanation About Moratorium For M40 Mustapa


 



The Association of Banks in Malaysia (ABM) needs to provide a clear explanation about the moratorium for M40 income earners affected by the movement control order (MCO) 3.0, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.
Based on the feedback he had received, the minister said many in the M40 group, including entrepreneurs and professionals, were becoming more stressed and desperate for help.
“Many are expecting a blanket moratorium as done last year. For micro small and medium enterprises (MSMEs), there’s no problem. But for affected M40 income earners, who are struggling financially from lack of income, they can also apply and the banks have assured that they will continue to help.
"The banks need to find a more thorough method of enlightening borrowers (on the moratorium)," he said in an interview on RTM TV1’s “Political Economy - Lockdown and the Country’s Economy" programme on Tuesday.
Besides, Mustapa said the banks may also set up a helpdesk to deal with certain cases involving those affected, who have no other avenue, to lodge their enquiries/complaints.
"Certainly, the best is the automatic moratorium, which does not involve bureaucracy. I hope the banks will try to help those who have no further avenue (such as automatic moratorium) and those who deserve help," he added.
Mustapa said the economic recovery was expected to start improving at the end of last year, but the situation worsened for the past two months, as most businesses no longer had cash reserves or received further assistance.
He said although the government could not approve most of the applications from entrepreneurs, it was hoped that all parties, including banks, would continue to discuss and resolve the matter.


“It is up to the banks whether to accept this proposal. I think maybe Bank Negara Malaysia can be a mediator to find ways on how to promote enlightenment on the matter so that this issue can be addressed accordingly,” he added.
In a dynamic and uncertain situation resulting from Covid-19, Mustapa said it is difficult to anticipate a situation regarding economic recovery, unless the government speeds up the Covid-19 vaccination process.
"If there are applications from private companies to buy the vaccines themselves, of course, the government can find ways to speed up the vaccination rollout.
“This, in turn, can restore investor confidence and the economy can recover quickly as we have seen in the United States, European countries, and Australia," he added.
- Bernama 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/06/banks-need-to-give-clear-explanation.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Mus

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Malay Muslim Ngos Urge Automatic Loan Moratorium For B40 M40

Malay Muslim Ngos Urge Automatic Loan Moratorium For B40 M40

papar berkaitan - pada 8/6/2021 - jumlah : 190 hits
A coalition of Malay Muslim NGOs is the latest to urge the federal government to direct financial institutions including lending and credit firms to offer a loan moratorium for B40 and M40 borrowers In a joint statement today involving 28 N...
Virus Crisis Shows Need For Proper Sanitation And Hygiene

Virus Crisis Shows Need For Proper Sanitation And Hygiene

papar berkaitan - pada 30/5/2021 - jumlah : 275 hits
From Moaz NairFlu epidemics kill 250 000 500 000 people each year and cause severe illness in three million to five million New virus strains that hop from animals to humans can be even more devastating if the global population has no immun...
Moratorium Or Not Banks Will Win Says Najib

Moratorium Or Not Banks Will Win Says Najib

papar berkaitan - pada 5/6/2021 - jumlah : 253 hits
Tengku Zafrul Aziz says the government must reimburse banks if a moratorium is ordered prompting Najib Razak to say banks benefit either way PETALING JAYA Former prime minister Najib Razak said banks will profit regardless of whether Putraj...
Things You Need To Know About Carolina Forest Real Estate

Things You Need To Know About Carolina Forest Real Estate

papar berkaitan - pada 1/6/2021 - jumlah : 225 hits
An autonomous community like Carolina Forest has various corporate and residential neighborhoods Read this article to find out more In the midst of Myrtle Beach and Conway lay the prodigy is known as Carolina Forest The post appeared first ...
Give Ngos A Chance For Audience With The King Says Fomca

Give Ngos A Chance For Audience With The King Says Fomca

papar berkaitan - pada 11/6/2021 - jumlah : 316 hits
Fomca president Marimuthu Nadason says civil society leaders will be able to convey to the King the actual needs of the rakyat PETALING JAYA A consumer group is requesting for civil society to be given the opportunity for an audience with t...
Umno Youth Proposes Seven Reasons For Loan Moratorium 2 0

Umno Youth Proposes Seven Reasons For Loan Moratorium 2 0

papar berkaitan - pada 5/6/2021 - jumlah : 256 hits
Umno Youth has outlined seven economic rationalisations to ensure banking institutions are able to offer a second loan moratorium without any additional charges or interest in order to maintain economic sustainability Its chief Asyraf Wajdi...
Permohonan Bantuan Moratorium M40 Pinjaman Bank

Permohonan Bantuan Moratorium M40 Pinjaman Bank

papar berkaitan - pada 6/6/2021 - jumlah : 276 hits
Permohonan Bantuan Moratorium M40 Pengumuman insentif bantuan melalui PEMERKASA Plus pada 31 Mei 2021 lalu susulan pelaksanaan lockdown menyaksikan bahawa golongan M40 malah T20 juga layak untuk menerima bantuan moratorium pinjaman bank sec...
Makan Steamboat Dapat Henna Free

15 Kafe Di Johor Bahru Instagrammble Muslim Friendly

Suspek Buruan Kes Samun Toreh Dicekup

A Botched Shot

Antara Projek Pungguk Rindu Bulan Tilapia M Sia Pro Hamas

Sarawak And Malaysia Can T Afford Escalating O G Disputes

Isu Calon Perdana Menteri Kembali Menjadi Tegang Di Kalangan Pemimpin Pn

Worldcoin Dan Ai


echo '';
Info Dan Sinopsis Drama Berepisod Lara Kasih Slot Samarinda TV3

Senarai Lagu Tugasan Konsert Minggu 2 Gegar Vaganza 2024 Musim 11

Keputusan Markah Peserta Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3


Gegar Vaganza 11 Keputusan Konsert Pertama Dan Senarai Lagu Minggu Ke 2

Resepi Spaghetti Seafood Marinara

Drama Skuad X Lakonan Imran Aqil Yusof Hashim

Enjoy The Rhythm Of Life A Nature Inspired Residence In Hefei China

Hopes Of The Chinese For Pn

Mara Beli Hartanah Terlebih Nilai Di Uk Australia Meskipun Ditolak Mof