The relief measures included lowering the contribution rate and allowing the withdrawal of contributions from retirement funds, introducing wage subsidy programmes to encourage continued employment, and education loan deferments.
PETALING JAYA: At the height of the Covid-19 outbreak, several systemic non-bank financial institutions (NBFIs) experienced increased demand for liquidity arising from the implementation of government support measures.
The relief measures included lowering the contribution rate and allowing the withdrawal of contributions from retirement funds, introducing wage subsidy programmes to encourage continued employment, and education loan deferments.
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