Moratorium: Win-win solution between banks and borrowers

01 Jul 2021 / 09:29 H.
KUALA LUMPUR: The six-month moratorium on bank loan repayments announced by Prime Minister Tan Sri Muhyiddin Yassin under the National People’s Well-Being and Economic Recovery Package (Pemulih) last Monday was expected to be the most awaited news, especially by borrowers whose income is affected by the implementation of the Movement Control Order (MCO) since March last year to curb the spread of Covid-19.
However, hardly 24 hours after the announcement, some quarters expressed their dissatisfaction and confusion on the matter, especially after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz
(pix) clarified that the moratorium would not be interest free.

Related Keywords

Kuala Lumpur ,Malaysia ,Malaysians ,Muhyiddin Yassin ,Anuar Shah Bali Mahomed ,Berhad Maybank ,Zafrul Abdul Aziz ,Movement Control Order ,Public Bank Group ,National People ,School Of Business ,Prime Minister Tan Sri Muhyiddin Yassin ,Economic Recovery Package ,Gross Domestic Product ,Universiti Putra Malaysia ,Associate Prof Dr Anuar Shah Bali ,Malayan Banking Berhad ,குவாலா லம்பூர் ,மலேசியா ,ஜப்ருள் அப்துல் அஜிஸ் ,இயக்கம் கட்டுப்பாடு ஆர்டர் ,பொது வங்கி குழு ,தேசிய மக்கள் ,பள்ளி ஆஃப் வணிக ,பொருளாதார மீட்பு ப்யாகேஜ் ,மொத்த உள்நாட்டு ப்ராடக்ட் ,