Finance Minister Tengku Zafrul Abdul Aziz says giving a blanket moratorium does not make financial sense, particularly in a resource-tight situation for a potentially lengthy war against an enemy that could mutate without warning. – The Malaysian Insight file pic, June 5, 2021.
FIGHTING the Covid-19 war is more of a marathon than a sprint, therefore, providing a blanket loan moratorium is like using a sledgehammer to crack a nut, said Finance Minister Tengku Zafrul Abdul Aziz. He questioned the need to deploy “more resources than necessary” when the journey ahead could potentially be both long and challenging.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Source: News Formal (newsformal.com)
Different financial situation speaks differently
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Just because we can, doesn’t mean we should’: Finance minister justifies banks not giving blanket moratorium during MCO 3.0 | Malay MailKUALA LUMPUR, June 5 — Malaysia should not reintroduce a blanket moratorium or a freeze in loan repayments for all borrowers under the current total lockdown, as it is unnecessary and would not make financial sense when the government needs to ensure sufficient financial resources for the long... You know, this statement “just because we can, doesn’t mean we should” is applicable to so many things done by the govt. Yet it didn’t exactly stop them now, did it? Before this said cannot, now says can but doesn’t want, guess what will he says tomorrow? bankerjagabanker...
Source: malaymail - 🏆 1. / 86 Read more »
Not smart to offer a blanket loan moratorium, says Tengku ZafrulThe finance minister says the government must conserve resources as the battle against Covid-19 could be long and challenging. FMTNews TengkuZafrul GDPGrowth MCO LoanMoratorium For hungry people, a bowl of rice NOW is more important than the promised sack of rice a month later. However, you will NEVER UNDERSTAND cause you never have to live in poverty. Try live a month with ONLY RM10k, which to commoners is a luxury. Maybe you'll understand better. You didn't know that ? And you are Finance Minister ? long because u guys wanna hold onto power kan?
Source: fmtoday - 🏆 5. / 72 Read more »
Blanket moratorium does not come at 'zero cost' to govt: ZafrulAfter criticism, finance minister explains why blanket loan moratorium was not included in Pemerkasa Plus. Sama juga seperti suntikan fiskal yang lain. Ianya tidak berbentuk percuma. Ia akan dbyr oleh rakyat nanti. tzafrul_aziz Itu tanggungjwb govt 🤷🏼♀️ sapa suruh curi dari yg dpt mandat 🤬...you made your bed, deal with it 😤tzafrul_aziz MuhyiddinYassin Nothing comes at zero cost... We all know that... And it will all go back to tax payers... Those who never paid any taxes will always be begging the government to help them and never once be grateful to the tax payers for working so hard...
Source: malaysiakini - 🏆 20. / 51 Read more »
B40 boleh tanggung, kenapa M40 tak boleh, Guan Eng persoal Menteri KewanganIa susulan kenyataan Tengku Zafrul Abdul Aziz bahawa kerajaan perlu membayar balik kos pampasan kepada institusi perbankan sekiranya bertekad mahu moratorium pukal dilaksanakan. FMTNews LimGuanEng Guan Eng holds no water. Wait…speaking of water I wonder what happened to the undersea tunnel?
Source: fmtoday - 🏆 5. / 72 Read more »
Guna kuasa atau tak untuk moratorium, bank tetap akan untung, kata NajibBekas perdana menteri itu menjawab kenyataan Tengku Zafrul Aziz, mengatakan kerajaan mesti membayar balik bank sekiranya memerintahkan moratorium pinjaman. FMTNews TengkuZafrulAziz NajibRazak
Source: fmtoday - 🏆 5. / 72 Read more »
Zafrul: Loan moratorium for those who lost their jobsPETALING JAYA: Those in the M40 and T20 group can apply for the loan moratorium if they lost their jobs during the two-week lockdown starting from June 1, says Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
Source: staronline - 🏆 4. / 75 Read more »