Prime Minister Ismail Sabri Yaakob says banks should emulate the initiative taken by financial institutions under the Ministry of Entrepreneur Development and Cooperatives not to take any legal action against petty traders who failed to make repayments until next June. – The Malaysian Insight pic by Kamal Ariffin, December 3, 2021.
PRIME Minister Ismail Sabri Yaakob today called on all banks not to take legal action against hawkers and petty traders who failed to repay their loans. Instead, he said, the banks should emulate the initiative taken by the financial institutions under the Ministry of Entrepreneur Development and Cooperatives such as Bank Rakyat and SME Bank not to take any legal action against the group if they failed to make repayments until next June.
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