Bank Negara clears up the confusion


KUALA LUMPUR: Bank Negara Malaysia (BNM) regrets the confusion that arose from misperception, which is to some extent caused by an illustration provided in its earlier version of frequently asked questions (FAQs), where certain assumptions and caveats were made.

"We sincerely regret any confusion and anxiety that this announcement may have caused. The deferment of loan repayments is meant to ease cash flows for borrowers/customers affected by the COVID-19 pandemic. This intent remains the same.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Upside risk for inflation
Binastra 1H revenue up 93% to RM1.3bil
Warsh defies Trump, hikes rates to contain inflation
Tan Chong, Saike explore EV battery pack localisation in Malaysia
US-China summit to test trade truce amid disputes
AirAsia falls 21% as rivals weigh market share
UMediC poised for solid near-term revenue visibility
RLEB bags Sarawak solar facility project
Ringgit outlook hinges on US rates
Power sector’s investment needs to rise to RM95bil

Others Also Read