Bank Negara offers financing lifeline
A man walking out of a bank in Kuala Lumpur yesterday. Bank Negara is urging financial institutions in the country to do what it can to support individuals and businesses hard hit by the virus outbreak. – The Malaysian Insight pic by , March 24, 2020.
BANK Negara is implementing additional measures to help those facing financial constraints, in light of the Covid-19 outbreak affecting the country. In a statement, the central bank announced that these measures included an automatic moratorium on all loan and financing repayments, with the exception of credit card balances, for individuals and SMEs for six months from April 1.
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