KUALA LUMPUR, June 26 — A trade group coalition has called on Bank Negara Malaysia to clarify how it obtained the data that showed 85 per cent of borrowers in Malaysia were able to resume loan payments after the blanket loan moratorium ended last September.
“Forty per cent have closed down and a further 20 per cent are likely to close over the next couple of months,” he said during a virtual press conference today. He stressed that in comparison banks still recorded profits last year despite giving out the blanket moratorium. “If this is to continue, there must be an independent ombudsman of sort answerable to BNM or MOF, to which appeals and complaints may be made,” he said.
“Some because of travel restrictions, cannot have their directors or signatories present at the bank, some cannot access documents at the office because of travel restrictions,” he said. “Businesses have been told by the government to shut down or be restricted, yet businesses are expected and obligated to meet all their obligations with little assistance from the government,” he said.
Source: News Formal (newsformal.com)
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