FINANCIAL institutions are urged not to charge accrued interest and profits during the six-month moratorium on repayment for hire purchase loans and fixed rate Islamic financing .
Finance Minister Tengku Zafrul Tengku Abdul Aziz made the appeal today, urging the central bank to reconsider the matter. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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Moratorium: Banking institutions to give clear information, process and changes - Bank NegaraBanking institutions urged to roll out means to conclude loan/financing payments under the moratorium.
Source: malaysiakini - 🏆 20. / 51 Read more »
Finance minister asks banks to consider abolishing accrued interest on hire purchase loans, profits on fixed-rate Islamic financing during moratorium | Malay MailKUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today requested that financial institutions consider abolishing the accrued interest on hire purchase (HP) loans, as well as profit from their fixed-rate Islamic financing, during the six-month moratorium period on loan... They are all his “friends”.. please ask them to consider it 🙏🏻 🎭 Playing out the act. Who will end up with the Oscar❓ what a screwed up? Fix it. Don't find a scapegoat.
Source: malaymail - 🏆 1. / 86 Read more »
Pakatan urges BNM and ABM to rethink stance of moratorium loans' additional interest charge | Malay MailKUALA LUMPUR, May 1 — The Pakatan Harapan secretarial council today urged the Finance Minister to immediately order Bank Negara Malaysia (BNM) and the Association of Banks Malaysia (ABM) to reconsider its stance on imposing interest for the six-month moratorium on loans. It also requested that... anwaribrahim Ini semua salah pakatan harapan . 🙄 For one to rethink one has to first think in the first place. Alhamdulillah syukurr dapat KERAjaan PrihatiN niii
Source: malaymail - 🏆 1. / 86 Read more »
Zafrul urges banks to forgo interest accrued under moratoriumFinance Ministry has engaged BNM, banks to make 'correct decision according to needs of rakyat', he says. tzafrul_aziz BUAT MALU LA AWAK NI The right word is Zafrul instruct the banks not to charge interest accrued under monotorium. Why you need to urge the banks when you're the finance minister? Do you govern this goverment or the banks govern you? I hv the urge too.. nak gi jamban arrhh
Source: malaysiakini - 🏆 20. / 51 Read more »