Why Is Bank Negara So Coy About Moratoriums Asks Sim


 


Bukit Mertajam MP Steven Sim has questioned why Bank Negara continues to remain silent on the loan moratoriums one week after the initial announcement by Prime Minister Muhyiddin Yassin.
“A week after the PM’s announcement, there is still no statement made by Bank Negara on how the moratorium will be carried out this round.
“Does this mean that the government will leave it completely to the banks to decide how the moratorium is to be implemented?
“Is each bank free to set its own eligibility criteria, interest calculation, repayment period and so on?
“If so, will the banks be on the side of the people when the PM himself has issued statements on how he looks to protect the interests and profits of the bank several times?” said Sim in his statement today.
Last week, Muhyiddin announced that a six-month automatic bank loan moratorium is to be reinstated on an opt-in basis for individual borrowers, whereas applications from small and medium enterprises (SMEs) remain subject to bank approval.
The loan moratorium - which is set to start on July 7 - is part of the government’s RM150 billion stimulus package in response to the current movement control order as previously, the loan moratorium was only reserved for the B40 (bottom 40 percent of income earners).
However, despite Muhyiddin’s announcement, a lack of clarity from the central bank continues to raise questions.




Prime Minister Muhyiddin Yassin
Malay Economic Action Council (MTEM) senior fellow Ahmad Yazid Othman was reported as criticising this latest moratorium for being “too simplistic” and “vague”, saying there was much confusion regarding its implementation.
Issues of contention raised by borrowers included concerns about the need for clarification on eligibility criteria, confusing calculation of interest rates and hidden banking charges.
Sim, however, reminded that the moratorium does not come unconditionally, noting the moratorium is still subject to interest throughout the grace period.
“The people have demanded an automatic moratorium since last year because they can no longer afford to pay for their bank loan repayments.
“When the moratorium was finally announced, those who were most unable to repay these months of loan payments found that they did not qualify for the moratorium.
“So what is the function of this latest moratorium?” asked the Bukit Mertajam MP.
Although the loan moratorium is not interest-free, Finance Minister Tengku Zafrul Abdul Aziz has told banks to waive compounded interest and late penalty fees. - Mkini


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

http://malaysiansmustknowthetruth.blogspot.com/2021/07/why-is-bank-negara-so-coy-about.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Kno

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
Moratorium Kini Bola Di Tangan Bank Negara Malaysia Penganalisis Ekonomi

Moratorium Kini Bola Di Tangan Bank Negara Malaysia Penganalisis Ekonomi

papar berkaitan - pada 27/6/2021 - jumlah : 240 hits
Najib AroffJun 27 2021 Mohd Yusof berkata kesudian bank memberikan moratorium ini juga akan memberikan imej yang baik dan mewujudkan keyakinan rakyat kepada bank Foto failKUALA LUMPUR Bank Negara Malaysia mempunyai kuasa mengarahkan bank ko...
Rafidah Asks Why Those Still Earning Need Help

Rafidah Asks Why Those Still Earning Need Help

papar berkaitan - pada 3/7/2021 - jumlah : 206 hits
Former international trade and industry minister Rafidah Aziz says the government needs to zero in on people who have lost their earnings PETALING JAYA A former minister has questioned the rationale behind Cuepacs recent call for a defermen...
Opting For Loan Moratorium Will Cost Borrowers More Bank Negara

Opting For Loan Moratorium Will Cost Borrowers More Bank Negara

papar berkaitan - pada 7/7/2021 - jumlah : 276 hits
As banks gear up to begin receiving applications for loan moratoriums tomorrow the central bank has reminded borrowers that opting in for this facility will raise the overall cost of borrowing It said that banks will not charge any compound...
Loan Moratorium Again Thank You Anticipating Complications Bank Negara Please Anticipate Problems Now

Loan Moratorium Again Thank You Anticipating Complications Bank Negara Please Anticipate Problems Now

papar berkaitan - pada 29/6/2021 - jumlah : 207 hits
May I express my gratitude to YAB Perdana Menteri who has announced another SIX months loan moratorium My suggestion is that this new SIX month loan moratorium be extended to all borrowers individual as well as companies Right now it covers...
Bank Negara Likely To Maintain Opr Analysts

Bank Negara Likely To Maintain Opr Analysts

papar berkaitan - pada 28/6/2021 - jumlah : 265 hits
Bank Negara Malaysia is expected to maintain the overnight policy rate at 1 75 percent during the monetary policy committee meeting in July said analysts AmBank Research said this was despite heightened uncertainties driven by the pandemic ...
Istana Negara Clears Up The Confusion It Is Not A Titah

Istana Negara Clears Up The Confusion It Is Not A Titah

papar berkaitan - pada 30/6/2021 - jumlah : 121 hits
In short Pakatan Harapan set the precedence for Royal Intervention which violates the Constitution And now His Majesty the Agong and the Raja Raja Melayu are being placed in a very dangerous situation where questions are being asked whether...
Pelajar Ke Luar Negara Boleh Mohon Vaksinasi Awal

Pelajar Ke Luar Negara Boleh Mohon Vaksinasi Awal

papar berkaitan - pada 30/6/2021 - jumlah : 164 hits
Foto hiasan KUALA LUMPUR Pelajar yang ingin melanjutkan pelajaran di luar negara boleh membuat permohonan bagi mendapatkan vaksinasi COVID 19 lebih awal Jawatankuasa Khas Jaminan Akses Bekalan Vaksin COVID 19 dalam ciapan di Twitter berkata...
Gabungan Ngo Buat Laporan Polis Ke Atas Peguam Negara

Gabungan Ngo Buat Laporan Polis Ke Atas Peguam Negara

papar berkaitan - pada 30/6/2021 - jumlah : 460 hits
Gabungan bertindak Memorandum Rakyat Malaysia yang terdiri daripada 36 NGO membuat laporan polis tengah hari tadi ke atas Peguam Negara kerana mengeluarkan kenyataan mempersenda titah Yang di Pertuan Agong Koordinator GBMRM Mustapha Mansor ...
Fungi Wechat Yang Ramai Tak Tahu

Ziana Zain Duta Rasmi Csa Academy

Asan Lembu The Movie

Di Masjid Muhammadiyah Nurul Yakin Paus Quran Dan Sains By Dr Hm Raki

Hospital Kuala Pilah

Ramadan Bazaars 2024 Exploring The Culinary Delights Of Selangor S Ramadan Bazaars

Saya Dan Rafizi Tiada Isu Peribadi Kata Puad

Hallway Wall Art Mockup For A Sophisticated Look



Koleksi 15 Lagu Hari Raya Terbaru Yang Meriahkan Aidilfitri 2024 Bakal Evergreen Bak Lagu Lama

6 Pantang Larang Penting Kalau Nak Selamat di Sekolah Asrama

Info Dan Sinopsis Filem 19 Puasa Playboys Of Plastik Hitam Astro First

Casimir Zeglen Paderi Yang Mencipta Jaket Kalis Peluru

Biodata Mohammad Rifdean Masdor Atlet Muay Thai Malaysia Yang Gegarkan One Championship Seangkatan Johan Ghazali Jojo


Menu Sahur

Terkejut Jumpa Segenggam Paku Dalam Lemang

Pemain Newcastle Tonali Dituduh Melanggar Peraturan Pertaruhan Bahasa Inggeris

Akmal Sokong Mb Johor Tularkan Isu Kesesakan Tambak Johor

Tanding Solo Pilihan Akhir Jika Umno Mahu Kembali Tadbir Sabah Kata Penganalisis

Netizen Sebak Tengok Anak Lap Air Mata Bella Astillah Ayden Macam Dah Biasa Mesti Mak Dia Selalu Nangis