Bus, taxi operators can now apply for govt guarantee scheme,

Bus, taxi operators can now apply for govt guarantee scheme, according to Syarikat Jaminan Pembiayaan Perniagaan Bhd | Malaysia


Thursday, 03 Jun 2021 05:45 PM MYT
A general view taxis at Bukit Bintang in Kuala Lumpur June 3, 2021. — Picture by Yusof Mat Isa
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KUALA LUMPUR, June 3 —  Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP), wholly owned by the Minister of Finance Inc, is now accepting applications from participating credit companies under a special government guarantee scheme provided for bus and taxi operators.
This initiative, called the Bus and Taxi Hire Purchase Rehabilitation Scheme (BTHPRS), was announced by Prime Minister Tan Sri Muhyiddin Yassin under the Pemerkasa Plus package on May 31.
“The BTHPRS is aimed to assist eligible bus and taxi operators by providing a loan servicing moratorium of up to 12 months and an extended repayment period to mitigate the impact of the Covid-19 pandemic and movement control order (MCO) 3.0 on their businesses.

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