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The Association of Banks in Malaysia (ABM) reiterated today that its member banks continue to make available repayment assistance to affected borrowers as announced previously.
KUALA LUMPUR: Malaysian banks will continue to extend repayment assistance, including an extension of existing moratorium to individuals affected by the current movement control order (MCO).
BANDAR SERI BEGAWAN, Jan 2 (Borneo Bulletin/ANN): The domestic economy grew by 2.6 per cent year-on-year in the first half of 2020, Autoriti Monetari Brunei Darussalam (AMBD) stated in its bi-annual policy statement for the second half of 2020.
PHNOM PENH (The Phnom Penh Post/ANN): ‘We had nothing to lose, ” Chea Serey, assistant governor of the National Bank of Cambodia (NBC) confided in an interview on Project Bakong, Southeast Asia’s first fiat-backed central bank digital currency (CBDC), with The Fintech Power 50 publication in Singapore last December.
SINGAPORE (The Straits Times/ANN): Consumers will soon be able to transfer funds from their bank accounts to mobile wallets, and between such e-wallets, in a faster and more hassle-free wa
Prolonging loan tenure will result in higher interest charges
AmBank Group CEO Datuk Sulaiman Mohd Tahir says the government’s Budget 2021 is one that is reflective of the need for mitigatory measures to manage the continued impact of the Covid-19 pandemic.
PETALING JAYA: The enhancements to the targeted repayment assistance will be available to B40 borrowers who are recipients of the Bantuan Sara Hidup(BSH)/Bantuan Prihatin Rakyat (BPR) and microenterprises with loans where the original facility amount is up to RM150,000.
PUTRAJAYA: Allowing workers to withdraw from the Employees Provident Fund (EPF) to tide over the economic impact of Covid-19 will deplete their savings but may help with the economy, say experts.