As Malaysians usher in Chinese New Year, most will exercise caution over Covid-19, taking self-tests before gatherings and limiting meet-ups. Banks are also expecting a wider use e-angpows in the Year of the Tiger, with more people using online banking during the pandemic.
Malaysian banks have drafted a counter proposal in response to an earlier directive made by the government to waive the interest fee for selected moratorium recipients.
It is “imperative that short-term relief measures do not incur significant long-term damage to the economy”, emphasized Bank Negara Malaysia (BNM). The Central Bank was responding to questions by The Edge regarding the interest payment waivers for the bottom 50% income bracket group (B50) that had made headlines last week