‘Just because we can, doesn’t mean we should’: Finance minister justifies banks not giving blanket moratorium during MCO 3.0 | Malay Mail

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‘Just because we can, doesn’t mean we should’: Finance minister justifies banks not giving blanket moratorium during MCO 3.0

KUALA 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 fight against the Covid-19 pandemic, the finance minister argued today.

“Most of us agree that fighting this Covid-19 war is more of a marathon than a sprint. Hence, why are we using a sledgehammer to crack a nut? Why are we deploying more resources than necessary if we know the journey ahead could potentially be both long and challenging?” he askedIn his statement, Tengku Zafrul said the banks’ six-month automatic blanket moratorium last year under MCO 1.

This Loan Repayment Assistance offers the options of a three-month moratorium or a six-month 50 per cent reduction in monthly loan installment, and is available to all jobless individuals, those in the M40 and T20 group with reduced income, B40 or low-income recipients of government aid under Bantuan Prihatin Rakyat, micro small medium enterprises with loans up to RM150,000, and SMEs and micro enterprises that are part of economic sectors that are locked down during MCO 3.0.

Even if the government decided to play the “populist card” and forced the country’s business community to reimpose measures such as a blanket moratorium, Tengku Zafrul highlighted the risks of investors’ confidence being affected in Malaysia’s policies for the long-term. “This unnecessary self-destructive, over-specified solution to the issue at hand is like cutting off our nose to spite our face,” he said.

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Paying bank, lepas PN terbarai nanti, ini la peluang balik jadi CEO bank

tzafrul_aziz Astaghfirullah.. 🤦🏻‍♀️🤦🏻‍♀️🤦🏻‍♀️

Is he a minister or joker , now his misleading nonsense statements.

Just because we can accept this government's nonsense, doesn't mean we should.

Haha you're so 💩. I can't pecatmenterikewangan

Just because you are, doesn't mean you should stay on as Finance Minister

KerajaanGagal should have followed the same principle before taking over from a legitimately elected government 🙄

Masalah juga ada menteri dr profesional yg bukan dari kalangan wakil rakyat ni.Dia tak boleh faham langsung apa yang rakyat tengah rasa.Dia pikir dia je..

Pergh dah macam kerajaan despot dah, mampu tapi tak mahu membantu rakyat KerajaanZalim

tzafrul_aziz go fly kite

'Just because I'm a minister, doesn't mean I won't help my banker friends'

He was a banker. What can we expect from him

Senator aje, Kawasan Parlimen pun tak ade, sembang macam Kapitalis.... Suruh dia balik ke Korporat aje lah....gaji dibayar Rakyat, pikir macam keje dgn Bank.... Hampeh

Already told you guys the first day he sworn as finance minister with his way of managing was totally pathetic and don’t forget he’s a former bank CEO. With his statement, he is covering the banks

'We' as in you and the banks? Eh hallo! You are the Finance Minister la wei, you should be working for us, not for the banks. Aparaaa kamjat!

You heard him he does not care about ordinary Malaysian who have issues

Sama tak?

ale uto bapak koa tzafrul_aziz

'We' as in you and the stupid goverment or you and your banker friend?

Just because we can, doesn't mean we'll vote you kerajaanPN next election

Just because you kaya-raya, doesn't mean everyone else is.

Are you even remotely in touch with the grim reality of the peple on the ground?

tzafrul_aziz belit belit daa. Last time you said the government has no power la bagai. Stop kencing rakyat!

Buat apa nak susahkan bank kalau boleh susahkan rakyat 🤷🏻‍♀️

Man how could you? Like seriously? Rakyat kena gantung diri dalam pfis kau dulu ke sebelum kau perasan rakyat tengah susah?

Adohhh.. tzafrul_aziz ni berkhidmat utk rakyat ke atau untuk bank2 kapitalis.. bank2 masih untong berbilion kot masa pandemik ni.. bukan minta hapus hutang punnnnn.. cehh..

Berlagak

Aik Tengku Zafrul, asal fallacious sangat response ? Pi hentam ‘blanket moratorium’ buat apa? Tak pernah pulak aku dengar rakyat kata nak ‘blanket moratorium’ untuk semua? Common sense la orang nak bantuan untuk yg memerlukan. Org lain bukan kayangan cam hang

Bukan dia sepatutnyer yang banyak bercakap. Suruh PM keluarkan kenyataan. Ini menteri orang bank bukan wakil rakyat. Dia diplilih oleh ahli politik dan dilantik menjadi menteri kewangan. Jawapan dia tidak akan menyenangkan rakyat langsung.

why do you even need to compensate the banks when they are still able to garner profits at these difficult times? plus, for mortgage, interests remain accrued throughout the deferred period?

Wahhhhh eksyen yeee...

Resign je la zafrul, ang bukan wakil rakyat pun so hg xtau rakyat susah mcm mana

Orang yg tak pernah susah...takkan faham dan tak mahu belajar utk faham!

Just because you shouldn’t do it, doesn’t mean you can’t. You not doing what you suppose to do for rakyat. Owh, I forget. tzafrul_aziz not wakil rakyat.

Truly just a banker which was never for the rakyat!!

It’s simple. When debtors aren’t able to pay, they go bust. No income. Ppl can go bust but bank wld loose money. Unless bankers have set aside huge fund for bad debts, they wld consider a moratorium rather than accepting bad debts.

Because you can la you should. Tak guna la ada kuasa macam tu. What a waste of taxpayer's money la kalau menteri bangang macam ni

Biar rakyat bankrap asalkan bank untung billion2

Is this chap still working for the bank or is he working for the people? KerajaanGagal

anak anjirrr apa kena mengena. kami tak suruh kerajaan bayarkan ansuran pinjaman kami la tzafrul_aziz. kami nak bank tangguhkan pembayaran bulanan kami. kerajaan kan sekarang ada kuasa darurat. MuhyiddinYassin boleh buat apa sahaja yang dia suka. kuasa tiada had.

Betul. But why choose the be the villain when you can be a hero?

Motherfucker, rich coming from you tengku sotong

Just because u are annoying, doesn’t mean u can continue menyusahkan rakyat

NumanAfifi

Syarat wajib nak jadi menteri ni kena bangang ke macam mana?

Malas nak baca. Mmg menteri kewangan keluar statement mcm bangang ni ke?

Ni seekor lagi menteri bangsat!

Arrogant! ‘Just because we can, doesn’t mean we should’

Just because I haven't spit on your face, doesn't mean I won't.

Mfaker...then don't simply release statement la

Or Meaning, you won't

Majulah Malaysia kan.

“Just because we can, boss say cannot lah” “Boss” wants you guys to rot

If should not now, then when?

Kerajaan tebuk atap oso not wrong but did you guys have to? 🤡🤡🤡

Just because we can vote you, does nt mean we should.

Yang penting ready balik kpg lah lepas election nanti. Kalau masuk bertanding. Pening aku.

da mcm zionist!

tzafrul_aziz YB, not sure if you’re absolutely right about 80% of Malaysians can afford with repayment. Hope this % doesn’t include companies... many are suffering... don’t wait till situation gets worse... let’s look at proactive measure.

When it is about helping others, you should if you can. Don't anybody ever teach you that?

Pintu belakang ass..

With regards to Parliament... _We can but we won't_

You don't feel the pain of Rakyat so you will talk like this. KerajaanGagal KerajaanBodoh

Sebelum ni dia kata, “TIADA KUASA”. Sekarang macam ni pula. 😇

Wwwhhhhhaaaaaattttt!!!!!!! Why u shouldn’t?

Melingkup aje la elok finance minister ni

You should have taken sport ministry not MOF.

Jawab bagi pihak bank sokmo

Banks were bailed using tax payers money the finance minister is he for the people or against the people MuhyiddinYassin chedetofficial anwaribrahim NajibRazak

Bila Menteri asal bukan Dari Wakil Rakyat Bercakap....Nice.... Peduli apa aku...aku bukan bertanding dlm PRU pun jadi gak Menteri.....🤭🤭

Bahkan u TIDAK PERNAH dapat potong gaji satu sen pun sejak MCO 2020. Sekarang marah kita rakyat!

Sedangkan bank bagi moratorium dapat kompensation dari kerajaan, kita pulak kena bayar faedah lebih....bank win-win. Kita rakyat loose loose.

Typical kacang lupa kulit mentaliti...entahlah orang dah kaya raya...dia dah lupa ada orang tak kaya tak miskin yang tak mampu tahan lagi...

isaura_ismail u see.. statement mengundang..

Terima kasih yb

Maybe a week before PRU then banks will give those MORA

BankerJagaBanker

Lied last year in parliament when he said banks are not able to grant moratorium and lied again this year when he said cannot be done 🤮

Dia ingat semua makan gaji 5/6 angka macam dia. Rakyat semakin susah dibawah kerajaan yg incompetent. KerajaanGagal

Lancau

Sebab tu la menteri2 bangang ni xfikir untuk rakyat...kalau xbuleh songlap duit buat apa nk bagi..cakap je terus terang...rakyat faham...

abih tak koje...camne nak bayo ..

Such a careless callous words coming from unelected educated sophisticated ex banker

What did he try to tell people? “you jaga sendiri ye”

U are for bankers first, rakyat last

Just bcos u can does mean u must..bcos this is a state of emergency. The more reason u MUST do not just shud

To the banks: Are we all in this together?

Of coz banks will ‘help’ with our loans - they just add up more interest. U wanna bankrupt more rakyat? This senator just built a force field around banks.... BankerJagaBanker

Because you can't be a competent minister, you shouldn't be one. BankerJagaBanker

Mister minister, so why shouldn't we? To the banks, are we all in this together? Or is it only the people sinking while you're there watching and enjoying your profits like there's nothing wrong?

Menteri kewangan paling bodoh msia pernah ada bila keluarkan kenyataan mcm ni yang mana langsung taknak menjaga kepentingan rakyat sebaliknya kepentingan bank2.

Babi bekap bank... gi mampus lah ko zafrul... BankerJagaBanker palat

Boleh guna ayat ni masa mereka nak raih undi kita pulak nanti.

Total BS

mansuhkanjawatanmenterikewangan

Just because we can 150k laptops, doesnt mean...fill in the blanks

kejap tak boleh kejap boleh, kerajaan apa la yanh kita ada ni.

So tired

It just showed that he just realized he’s WRONG earlier 🤷🏻‍♀️🤷🏻‍♀️ 🤷🏻‍♀️🤣🤣🤣

Keywords ⏬ ‘Just because we can, doesn’t mean we should' Ex Banker speaks for bankers... Nice 😏 ‼

Arrogance

Apa yang beria sangat jaga tokey2 bank ni

anthraxxxx Inilah akibat bila yg berkuasa dilantik. Hnya perlu patuhi arahan yg melantik dia. Seteruk-teruk org politik, sekurang-kurangnya mereka terpaksa buat² utk menang hati pengundi.

Blank guy

meaning u can help… but should not lahhhh. bagus punya discretion 😤

Banker jaga Banker

Ok so you wont. Full stop. !

Same logic as just because we can convene the parliament, doesn't mean we should.

interest of banks over interest of rakyat?

Very well. Next GE I will not vote you, your other minister colleagues and your boss.

Gee, thanks! This explains a lot about why the govt doesn't do things it should to help the people. Gagal gagal gagal.

Farkwit

Menteri kewangan tak blh pakai...

Once banker , selamanya banker. Butoh

Hg mmg teruk la . Its your responsibility as the fed gov with current covid condition laaa aiyo.

Sorry whatt?

He said “Kita boleh je kalau nak bantu rakyat tapi kita tak mau” If that doesn’t make you angry with this KerajaanGagal I don’t know what will

Ni menteri mewakili rakyat ke atau menteri mewakili bank? Rakyat susah ,fikirlah cara nak bantu bukannya sekadar bagi alasan!! KerajaaanGagal

ini wakil bank.. bukan wakil rakyat.. ingat semua ya kerajaan yang ada sekarang bukan kerajaan rakyat!

I’m lost... so u want to see those middle income people and lower income ppl suffer? Meanwhile the T20s prosper? Cool FM la u..

You menang parlimen mana? Sembang bolehlah

Haha lemahnya takleh control bank. Baik jadi aku je 😭✋

Kenapa takda yg buat petisyen bg bangang ni letak jawatan...?

Mmg patut la ramai org nk kencing atas kubur ko, sombong nakharam!

The rich only care about the rich. They don’t give a damn about the poor. Yang kaya bertambah kaya, yang miskin papa kedana.

U r not a good human being. U can be. U should be. But u choose not to be. U r not a good human being.

By that logic just because you 74 ministers can become the unelected government doesnt mean the Rakyat should listen to your nonsense KerajaanGagal

Oh sekarang boleh pulak

Who does he work for, the people or the banks?

“”Khidmat utk rakyat” dikatakan KerajaaanGagal

Dia blh lah makan turkey pada thanks giving day ala2 mat salleh...rakyat nk makan 3 kali sehari pun susah tau..dia org ni mana kisah pasal rakyat..

My reaction:

Oh my kadavule, is this the consequences of having an unelected person to run the office? BTW where is the PM To advice him to think for the people? I'm not questioning just asking for my neighbours, please don't arrest me for this! Period.

This tells all the RAKYAT that you have the power to vote them out BECAUSE YOU CAN AND YOU MUST!

Oh so can lah? I tot hari tu kata x boleh. Pening lah bro

Ini namanya otak kimak

F$ you la..the worst we ever had...belajar tinggi2 tapi angkat juga teloq org

KerajaanGagal

wow such a prick

hahahaha banker boy jaga bank in actions!

Tengku Zafrul after taking off the makeup

just because u mampu, bukan bermaksud org lain pun mampu.

So boleh pulak?

“Repeating the blanket moratorium also means that the government may need to significantly compensate banks for a measure that was not even necessary in the first place.” Wait- when did compensation arise? How much was compensated? So banks still profited and got compensated?

This is another reason why an ex banker should never be elected as finance minister of any countries!

Spin spin spin.... Where are the laptops?

We need to get rid of backdoor traitors/ministers.

Diamlah hodoh!

Earlier you said the government has no power to control the bank now it seems yes the government can after all. Taik kucing banker turns politician wakakaka!

Org dh senang... 🤷🏾‍♂️

jangan simpan duit dlm bank. simpan dlm saham dan crypto-currency. kbye.

bankerjagabanker...

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?

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