fbpx
Connect with us

News

PM Ismail Sabri Urges Banks To Not Take Legal Action Against Hawkers That Fail To Repay Loans

Published

ismail sabri petty traders
Source: Astro Awani & Malay Mail

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

Prime Minister Dato’ Sri Ismail Sabri Yaakob has urged banks in the country to not take any legal action against hawkers and petty traders who failed to repay their loans. Instead, he asked for banks to emulate the initiative taken by the financial institutions under the Ministry of Entrepreneur Development and Cooperatives (MEDAC) such as Bank Rakyat and SME Bank which have withheld from taking any legal action against hawkers and petty traders if they failed to make repayments up until June 2022.

As reported by national news agency Bernama, Ismail Sabri made the request as micro traders are badly affected and burdened by the Covid-19 pandemic. Hence, the Prime Minister wants financial institutions to make a reasonable judgement on the matter and urges for financial institutions under the government such as Bank Simpanan Nasional and Bank Pembangunan to follow in Bank Rakyat and SME Bank’s footsteps.

Speaking at the launching of the Keluarga Malaysia Hawkers and Petty Traders Day and Night market Transformation Programme yesterday, Ismail Sabri stressed,

“I hope other banks can emulate the action taken by the banks and financial institutions under MEDAC,”

E00D1192 B775 42C3 8E60 01572E73C638

The programme launched by the Prime Minister yesterday is a twinning programme that are aimed at helping hawkers and petty traders to revive their businesses after two years of struggling with the Covid-19 pandemic.

What do you guys think of the Prime Minister’s request? Share your thoughts with us in the comments.

 

Also read: PM Sets National Batik Day On Same Day As International Day of Disabled Persons, Netizens DISPLEASED!

ft batik

Source: Bernama

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



Just In

feat image solemnisation feat image solemnisation
News3 hours ago

1 Day Before Her Wedding, a M’sian Nursery Teacher Pleads Guilty to Physically Abusing 11-Month-Old Boy

On the day of her solemnisation, a 24-year-old nursery teacher pleaded guilty at the Klang Sessions Court to physically abusing...

feat image india feat image india
News3 hours ago

Visa Exemption for Indian Nationals Extended Till 2026 as Over 1 Million from The Country Visited Malaysia in 2024

Malaysia has become one of the top spots for Indian nationals to visit this year, as can be seen by...

feat image bazaar feat image bazaar
News4 hours ago

Sepang International Circuit Announced as The Latest Location for Bazaar Ramadan Next Year

The Sepang International Circuit (SIC) will see another type of race next year, which has nothing to do with automotive,...

feat image ismail feat image ismail
News7 hours ago

Ismail Sabri Wants Southeast Asian Leaders to Speak in Bahasa Melayu at ASEAN Summit in Malaysia Next Year

Former Prime Minister Datuk Seri Ismail Sabri Yaakob has urged his successor, current Prime Minister Datuk Seri Anwar Ibrahim, to...

cat3 cat3
News13 hours ago

Wan Azizah: Immediate Action Needed to Identify Cause of Gruesome Cat Deaths at UM

Recently, 3 dead cats were found at a local university in a mutilated state, with their stomachs cut open and...

umft umft
News13 hours ago

“Strict disciplinary action will be taken” – UM to Investigate Lecturer Accused of Sexual Harassment

Recently, news broke out about a local university professor who is under fire for allegedly sending nude photos to a...

lrtft lrtft
News13 hours ago

Prasarana Lodges Police Report Over Brawl Involving M’sian & S’porean Football Fans

Last night (December 20), Malaysian and Singaporean football team fans brawled after the match at the Bandar Tasik Selatan LRT station....

collage 103 collage 103
News20 hours ago

Govt Announces Free Tolls Nationwide on December 23 & 24 for Christmas Celebrations

Malaysians NEED NOT pay toll fares on Monday to Tuesday (December 23 to 24) in conjunction with the Christmas celebration...

Announcement

Latest Videos



TRENDING TODAY