Banks urged to defer foreclosure proceedings at least for 2020


Micheal Kong: We have put forward about 10 proposals but the key ones are a 100% wage subsidy for March and April, and 50% for May, June and July.

It is too early to gauge the economic fallout in all its entirety on the housing sector as a result of Covid-19 pandemic.

It is affecting almost every country, every sector, leaving a trail of economic and financial hardship along its path in a sector that already had its share of the vulnerabilities.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

housing , Banks , covid-19

   

Next In Business News

Banking sector's 5.4% YTD loan growth in line with expectation for 2024
Maersk says Red Sea disruption will cut capacity by 15-20% in second quarter
Gold rises on Fed rate cut hopes, Middle East tensions
Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices
Ways China must tread for seamless transition to new era
Home sweet home
Asia shares rally on China's gains, Fed cut bets; yen weakens
Seeking cover from middlemen
A real need for local giants
Data centre boom - at watt cost?

Others Also Read