KUALA LUMPUR, July 11 — A six-month bank loan moratorium announced as part of the National Recovery Plan will only be effective if the government ensures the deferment comes without the accrued principal interests, said former finance minister Lim Guan Eng.
“Both the government and Bank Negara must be reminded that the current financial distress faced by borrowers is caused by the Covid-19 pandemic and not of their doing. Lim even pressured newly appointed National Recovery Plan Coordinating Minister Datuk Seri Tengku Zafrul Abdul Aziz, who prior to his Cabinet position was the Group CEO of CIMB Bank, to press banks to waive the principal interests on loans as was done during the moratorium announced last year.
Sokong
Kata2 mantali rm30... Adoi la ..lawak2
Amidst the economy recession, people have lost their income yet Gov does not allowed to go out for works but the banks enjoy the lucrative earning from those people without working. That’s called truly passive!
a million thime THIS... bank has profited enough already. Dont feed the greed of the bank..