Extend loan moratorium, Najib tells banks


KUALA LUMPUR: To address the Covid-19 economic fallout which is expected to worsen in the coming months, Datuk Seri Najib Razak (BN-Pekan) has urged Bank Negara and banks in the country to reconsider its decision not to extend the loan moratorium.

The former premier expressed concern that many companies and borrowers may go bankrupt as they might not be able to pay their monthly instalments when the moratorium ends in September.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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!

Loan moratorium , Najib , Banks , Bank Negara , Covid-19

   

Next In Nation

U Mobile launches store in KK shopping mall, first in East Malaysia
Anwar returns Khazanah allowance, reiterates decision to forgo PM salary
Fahmi visits ex-media practitioners, presents Kasih@Hawana aid
Perlis MB's son, four others released on MACC bail
Zahid, Muhyiddin settle defamation suit
Elderly man drowns while fishing in Putatan
Teen with bone cancer gets wish of visiting KLCC granted by PETRONAS
No chance for a casino in Johor, says MB, describing news report as 'act of sabotage'
Malaysian pilgrims to be equipped with patient summary QR code to facilitate treatment
Bandar Hilir contra-flow lane aims to minimise traffic congestion, says Melaka City mayor

Others Also Read