fbpx
Connect with us

News

M’sians Left Unemployed & Suffered Pay Cuts Due To Covid-19 To Get Longer Moratorium Period

Published

000 1Pq1Jp E1596008923809
Source: AFP Photos

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Prime Minister, Tan Sri Muhyiddin, addressed the nation today (28th July) in a live press conference to announce important details concerning Moratorium and Targeted Bank Assistance allocated towards those in need during this precarious time.

709997

“Firstly, for individuals who lost their jobs in 2020 and have yet to find a new job, you will enjoy an extended moratorium period of 3 months. After 3 months, the moratorium may be extended by banks according to individual circumstances.” 

The PM also added that individuals who suffered salary cuts due to the pandemic will have their monthly installment payments reduced according to the rate in which their salaries were deducted. This will also depend on the type of loan that these individuals applied for. “This assistance is valid for a period of at least six months but additional extensions are subject to the current salary of the individual.” 

What do you guys think about this? Stay tuned for more updates! 

 

Also read: LIVE NOW: PM’s Announcement On Moratorium & Targeted Bank Assistance

Livee

Source: The Star


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

11Th Death Green Turtle Terengganu 11Th Death Green Turtle Terengganu
News7 hours ago

Yet Another Green Turtle Found Dead In Terengganu, The 11th Carcass This Month Alone!

January 2022 is proving to be one of the deadliest months for green turtles in Terengganu as today, another carcass...

Never Share Videos Wildlife Sightings Never Share Videos Wildlife Sightings
News7 hours ago

Perhilitan Warns M’sians To NEVER Share Wildlife Sightings Video To Protect Them From Poachers

The Terengganu Department of Wildlife and National Parks (Perhilitan) director, Loo Kean Seong has advised members of the public to...

No More Mco No More Mco
News9 hours ago

PM: Government Will NOT Be Enforcing Another Nationwide MCO

The Prime Minister, Datuk Seri Ismail Sabri Yaakob gave an assurance that no Movement Control Order (MCO) nationwide will be...

Istana Istana
News10 hours ago

YDPA Warded In IJN Due To Leg Injury Since Yesterday

The Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah has been warded at the royal ward of the National Heart...

Covid Covid
News12 hours ago

Student In UK Gets Covid-19 For The Fourth Time

The deadly virus has not been easy on all of us. A female student named Wharton from the UK was...

Teachers In Politics Teachers In Politics
News16 hours ago

PM: Teachers And KEMAS Staff Are Allowed To Be Involved In Politics Effective Immediately

The government decided to allow teachers and staff of the Training Institute of the Community Development Department (KEMAS) to be...

Johor State Election Confirmed Johor State Election Confirmed
News1 day ago

Johor MB Announces DUN’s Dissolution, State Elections To Be Held Soon

The Menteri Besar of Johor, Datuk Hasni Mohammad has just announced that the Sultan of Johor, Sultan Ibrahim Sultan Iskandar...

Johor State Election Soon Johor State Election Soon
News1 day ago

JUST IN: Johor UMNO Agrees To Hold State Election, MB Meets Sultan Ibrahim To Dissolve DUN

After the recent Melaka and Sarawak State Elections, it seems that yet another state will be dissolving its State Legislative...

Announcement

Latest Videos



TRENDING TODAY