According to EMIR Research, the overwhelming uptake and benefit to the many in the backdrop of a potentially grave economic outlook suggest loan moratorium to be extended to six months of automatic blanket loan moratorium.
It said a real moratorium that assists borrowers should have no room for the practice of charging borrowers an additional interest for the period of moratorium by re-amortising the loan payment schedule once the moratorium period is over. "It has to be re-emphasised that the borrowers have not defaulted on their payments - the payments were merely postponed - and, provided the borrowers resume and finish all the payments according to the schedule, banks would not lose their real profits.
Under the International Financial Reporting Standards , the banks have to show the fair value of the loans in their books based on the present value formula.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a Malaysian company born during the pandemic is championing harvest-to-table in Kuala Lumpur | Malay MailPUCHONG, June 27 — The vegetables we eat and where we get them from can be a quagmire of questions: Is it organic? Local or imported? Is it safe? Is it fresh? Getting your daily intake of healthy greens shouldn’t be this stressful, I reckon. Enter The Vegetable Co. This fledgling... If no mistake this type of concept, harvest directly to table may not be cost effective due to its investments to Pullulate the greens! The best is your residential spaces, like behind kitchen, rooftops etc., the greens are cheaper then and proven.
Source: malaymail - 🏆 1. / 86 Read more »
Emir Research: Six-month blanket moratorium is needed for social, business safety nets | Malay MailKUALA LUMPUR, June 28 — Loan moratorium for all micro, small and medium enterprises (MSMEs), B40 as well as M40 households, while targeted for other individuals for at least three months or 50 per cent loan payment reduction for six months is needed to ensure social and business safety nets.... the loan will not help much if society and business do not rethink its ways to persevere with the new economic norms. we need to have an in depth review of our economy and think of ways for it to be resilient to pandemics.
Source: malaymail - 🏆 1. / 86 Read more »
Three policemen among six detained over theft of safe from Alor Setar logistics company | Malay MailALOR SETAR, June 26 — Three policemen were among six individuals arrested in connection with the theft of a safe containing RM400,000 from a logistics company here last Wednesday. Kedah police chief Datuk Kamarul Zaman Mamat said all the suspects, aged between 30 and 50, were arrested in a series... Sigh..policemen. jaga rakyat kan
Source: malaymail - 🏆 1. / 86 Read more »