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PM To Make Announcement At 3pm On Moratorium & Targeted Bank Assistance

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Source: The Star & Facebook

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Prime Minister Tan Sri Muhyiddin Yassin will be making an announcement today (29th July) at 3pm regarding the extension of moratorium and targeted bank assistance.

The live announcement can be streamed on RTM, Bernama, Astro Awani and TV3.

On 24th July, The Edge Markets reported that Bank Negara Malaysia (BNM) informed analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

Stay tuned for further updates.

 

Also read: BREAKING: Najib Razak Sentenced To 12 Years Jail Term, Fined RM210 Million & More in SRC Trial

Source: Facebook

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