A major part of Putrajaya's policies to keep businesses afloat during the prolonged pandemic has been a mix of loan repayment moratoriums, grants, loans, and wage subsidies.
Finance Minister Tengku Zafrul Abdul Aziz has repeatedly touted these measures as a major success. Yesterday, he said banks had approved RM12.12 billion in soft loans since the start of the pandemic and approved RM1.215 billion in wage subsidies. However, several seasoned entrepreneurs, who are struggling to access these benefits, said the reality is a lot worse than the rosy picture painted by Putrajaya.
The biggest problem faced by these entrepreneurs was that their loan applications were not only turned down by banks but were rejected verbally, leaving them with no proof to appeal...
Very hard to get aid. BSN give all sorts of excuses why they cannot approve a small RM30k tourism loan that is supposed to be covid aid. Mine was because not enough revenue for 1 out of 6 months in the midst of Feb 2021 lockdown. Very fustrating.
Very sad to hear. This will only prolong our country’s economic recovery 😔
Lets ban highway tol touch and go .. .
That goes the same to the vaccines promised for us ie can see but cannot touch!!! Now the pn gomen is considering to give different vaccines for 2nd dose!!! While WHO has clearly recommended for the same vaccines to be given!!!
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