MTUC: Moratorium extension welcomed but should automatically extend to six months for all B40, M40 Malaysians
Solomon pointed out that financial institutions could utilise the Inland Revenue Board’s comprehensive database to approve an automatic six-month extension of the moratorium to the targeted groups. — Bernama pic
“These marginalised B40 and M40 groups are the ones who need most an extension to the current moratorium, as many of them are either without jobs or have been forced to take pay cuts. All of them have been badly affected by the rising cost of living, especially foodstuff during the Covid-19 pandemic.
In a special address today, he said the targeted moratorium extension will run for three months but only for those who lost their jobs this year and have yet to find employment, after which period banks can further extend the help based on individual situations.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PM: Govt agrees to three-month loan moratorium extension, but only for the jobless | Malay MailKUALA LUMPUR, July 29 ― Prime Minister Tan Sri Muhyiddin Yassin today announced that the government has agreed to further extend the bank loan moratorium for the public, following outcry from those affected by Covid-19 and the movement control order. In a special address today, he said the...
Read more »
PM to make announcement on moratorium extension at 3pmThere have been calls from various employer and employee groups, businesses and politicians for the six-month loan moratorium to be extended. FMTNews MuhyiddinYassin
Read more »
No go for PH's petrol subsidy programmeThe petrol subsidy programme was a targeted fuel subsidy initiative for the B40 and M40 groups. FMTNews Petrol
Read more »
PM Muhyiddin to make announcement at 3pm today on moratorium extension, targeted approach assistance | Malay MailKUALA LUMPUR, July 29 ― Prime Minister Tan Sri Muhyiddin Yassin is scheduled to make an announcement on the moratorium extension and targeted approach assistance at 3pm today. The announcement will be telecast on RTM, Bernama TV, TV3 and Astro Awani. As at July 20, the deferred loan/financing...
Read more »
Ringgit extends gains to open higher against US dollar | Malay MailKUALA LUMPUR, July 28 — The ringgit extended yesterday’s gains to open higher against the US dollar today due to emerging demand for riskier currencies, including the local note on the back of a weakened greenback. As at 9.05am, the local currency stood at 4.2450/2500 against the dollar...
Read more »