COMMENT | When the World Health Organisation announced last year that Covid-19 had turned into a pandemic, many countries around the world including Malaysia decided to impose a lockdown to help control the spread of the virus.
The economic impact of a lockdown is very direct as economic activity stops, resulting in a reverse effect on economic growth. The Malaysian GDP contracted by 5.6 percent in 2020, with the biggest contraction happening in the second quarter when GDP declined by 17.1 percent. Knowing that the impact of a lockdown could be severe for some individuals and businesses, the Malaysian banking industry decided, after discussions with Bank Negara Malaysia, to implement a six-month automatic moratorium for the consumer segment.
This was on the basis that the consumer segment was the most vulnerable and therefore should be given the opportunity to save and build up their reserves or restructure their finances. We believed six months was a sufficient period for individuals and small businesses to prepare themselves for the long term even as the healthcare industry raced to produce a vaccine. While this was much-needed relief for those impacted by the pandemic, there were many...
Qasim’s dream of 2005, a big comet on its trajectory to the Sun will go past earth, and disrupt the axial balance of the moon and earth. The world will be in complete darkness. Qasim has seen many events for the future of Mankind, many are coming true.
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Targeted moratorium is best solution for country — Abdul Farid Alias | Malay MailJUNE 14 — When the World Health Organisation announced last year that Covid-19 had turned into a pandemic, many countries around the world, including Malaysia, decided to impose a lockdown to help control the spread of the virus. The economic impact of a lockdown is very direct as economic... Behemah Wait this womaniser guy who earned how many almoat 10 million as Maybank Chairman this year? Maybe if he cut his salary, bank losses less? Hypocrite. Gaji riba...haram!
Source: malaymail - 🏆 1. / 86 Read more »
COMMENT | Malaysia’s damned if you do, damned if you don’t political solutionsWhatever happens in the current political imbroglio, we get the government we deserve. Malaysians are sick and tired of Malaysian politics. Too much politicking and too many politicians robbing Rakyat's money. That's why this agong must form MAGERAN. On with MAGERAN now agong. “What this pandemic has exposed, besides the wobbly guard rails in place, is the reality that Malaysian elected representatives have no desire to face a common enemy but would rather use the pandemic as excuse to further destabilise democratic norms and institutions …”
Source: malaysiakini - 🏆 20. / 51 Read more »
Bank untung bukan lesen untuk beri moratorium pukal - Utusan DigitalOrang ramai perlu membezakan keperluan moratorium sebagai satu instrumen membantu rakyat dan bank pula sebagai sebuah entiti perniagaan yang bermotifkan keuntungan. Kalau majoriti peminjam jadi muflis, mana nak dtg keuntungan dah.. in the end of the day, bank pun akan sangkut jugak.. Rakyat dah boleh nilaikan apa tujuan bank2 tersebut, keuntungan semata2. Govt, tlg beri hak kpd developer utk buat financial house sendiri so rakyat x payah bergantung kpd loan bank. Moratorium bukan bermakna rakyat tidak mahu bayar balik pinjaman, rakyat hanya MENANGGUHKAN pembayaran untuk tempoh. Paham tak maksud MENANGGUHKAN? Hadoiii...
Source: UMonline - 🏆 27. / 51 Read more »
Pengusaha restoran Muslim mahu moratorium automatik, lapor media | The Malaysian InsightHampir 5,000 ahli persatuannya boleh gulung tikar jika bantuan tidak diberikan sepanjang sekatan pergerakan penuh dikuatkuasakan.
Source: msianinsight - 🏆 8. / 63 Read more »
Muslim restaurant owners want automatic loan moratorium, says report | The Malaysian InsightNearly 5,000 restaurant operators risk going bankrupt if no prompt assistance given. Auto Moratorium + i-sinar 2.0 + i-lestari 2.0 Tetiba. Restoran boleh jalan..
Source: msianinsight - 🏆 8. / 63 Read more »
Restaurant association Presma wants automatic moratorium, rent relief following lockdown extensionPETALING JAYA: Following the extension of the nationwide lockdown, the Malaysian Indian Muslim Restaurant Owners Association (Presma) is calling for an automatic moratorium on loans.
Source: staronline - 🏆 4. / 75 Read more »