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Guan Eng urges banks to waive principal interest during six-month moratorium | Malaysia

KUALA LUMPUR, Aug 28 The banking industry should waive interest payments during the loan moratorium period since the second quarter of 2021 has indicated a reasonable profit margin for banks, said former finance minister Lim Guan Eng. He said taking interest and profits from distressed. ....

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Guan Eng urges loan moratorium for all except for T20 segment, warns SMEs need urgent financial assistance | Malaysia

KUALA LUMPUR, June 25 Former finance minister Lim Guan Eng today urged the Perikatan Nasional (PN) administration to provide urgent financial help via an auto bank loan moratorium until the end of the year for all Malaysians except for the T20 category.  He said Putrajaya should also. ....

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'Just because we can, doesn't mean we should': Finance minister justifies banks not giving blanket moratorium during MCO 3.0 | Malaysia

Saturday, 05 Jun 2021 12:34 PM MYT
BY IDA LIM
Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz explained why it is not the best or most responsible move now for banks to suspend loan repayments for all borrowers instead of just those who need it. Picture by Miera Zulyana
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KUALA LUMPUR, June 5 Malaysia should not reintroduce a blanket moratorium or a freeze in loan repayments for all borrowers under the current total lockdown, as it is unnecessary and would not make financial sense when the government needs to ensure sufficient financial resources for the long fight against the Covid-19 pandemic, the finance minister argued today. ....

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Zee readers poll 2020: Coronavirus was the biggest news of the year

Highlights
The outbreak of coronavirus in the year 2020 has been the biggest news of the year, according to Zee readers poll 2020
The pandemic has caused significant human suffering and major global economic disruption.
The outbreak was first identified in Wuhan, a city in China’s Hubei province, in December 2019, and was recognized as a pandemic by the World Health Organization on March 11.
NEW DELHI: The outbreak of coronavirus or COVID-19 in the year 2020 has caused significant human suffering and major global economic disruption. The outbreak was first identified in Wuhan, a city in China’s Hubei province, in December 2019, and was recognized as a pandemic by the World Health Organization on March 11. ....

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