News by EDGEPROP.MY

We urge the government to extend the automatic bank loan moratorium for all companies irrespective of size and give the option to those that do not require the assistance to opt-out, said FMM

Other than Malaysia, the rating agency also reduce the growth forecasts of other top economies in Asia including India and the Philippines. India's growth projection downgraded to 9.5% from 11%; the Philippines' lowered to 6% from 7.9%.

"I would have chosen a targeted approach whereby banks are incentivised to keep alive only those loans that have a chance of repayments in the future."

Muhyiddin announced a six-month blanket loan moratorium under the PEMULIH initiative to be given to all individual borrowers equally.

They have forwarded many submissions pointing out that the threshold to exit each phase is arbitrarily based on set absolute numbers of Covid-19 cases without any scientific basis.

In a separate report by CNA in 2018, owners of the oceanfront condominium units were informed that the major repair of the building will cost at least RM37 million.

It is chosen as the pilot area for its relatively small population of around 178,000 residents, to allow the reopening of the holiday island, the authority is now speeding up the ivaccination pace to ensure at least 90% of the residents are Innoculated by September to achieve herd immunity.

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Datuk Chang Kim Loong: Our contention is, this fee for a standard form has been charged since 2013. Surely, such costs must have been amortised over the years. Must the banks continue to profit from the sale of forms? Isn’t their major source of income derived from giving out loans?