Foundation to defer payments from flood victims

KUALA TERENGGANU: The Terengganu Entrepreneur Development Foundation (YPU) is allowing borrowers who have been affected by the floods to defer their monthly financing payment for up to three months.

Its chairman Roslee Daud said the flexibility was not only for YPU borrowers, but also small and medium-sized enterprises (SMEs) renting YPU business premises, including factories that were affected by the floods.