News & Articles Tengku Zafrul: Pemulih moratorium estimated at RM80 bln
Tengku Zafrul: Pemulih moratorium estimated at RM80 bln
2 Jul 2021
KUALA LUMPUR (July 1): The six-month moratorium offered through the National People’s Well-Being and Economic Recovery Package (Pemulih) is estimated to bring relief of up to RM80 billion to individual and business borrowers, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said the granting of the moratorium was only a temporary measure, part of the National Recovery Plan (NRP) initiative.
It needs to be seen together with the efforts of everyone involved to speed up the transition to the next phase of Movement Control under the NRP, he said.
“The sooner we change phases, the sooner the various sectors can operate and the sooner our economic recovery will be.
“If the people can go out to earn a living, the sooner we can get our lives back,” he said in the 59th National Inter-Agency Economic Stimulus Implementation and Coordination Unit (Laksana) report today.
The six-month moratorium will be offered to all individual borrowers, including B40, M40, T20 and micro-entrepreneurs, without imposing conditions such as reduced income or job loss.
The facility is also offered to the affected small and medium enterprise (SME) operators, subject to review and approval by the banks.
He said the granting of the moratorium was only a temporary measure, part of the National Recovery Plan (NRP) initiative.
It needs to be seen together with the efforts of everyone involved to speed up the transition to the next phase of Movement Control under the NRP, he said.
“The sooner we change phases, the sooner the various sectors can operate and the sooner our economic recovery will be.
“If the people can go out to earn a living, the sooner we can get our lives back,” he said in the 59th National Inter-Agency Economic Stimulus Implementation and Coordination Unit (Laksana) report today.
The six-month moratorium will be offered to all individual borrowers, including B40, M40, T20 and micro-entrepreneurs, without imposing conditions such as reduced income or job loss.
The facility is also offered to the affected small and medium enterprise (SME) operators, subject to review and approval by the banks.
Source: theborneopost.com