KUALA LUMPUR, Aug 27 — The value of the moratorium on loan repayments by financial institutions stood at RM74.3 billion as at Aug 14, 2020, Minister of Finance Tengku Datuk Seri Zafrul Aziz said in the latest Laksana update.

KUALA LUMPUR, July 29 —Prime Minister Tan Sri Muhyiddin Yassin today announced the extension of loan repayment moratorium by three months for those who have lost their jobs in 2020 due to the fallout from the Covid-19 pandemic and have yet to secure employment, while a targeted approach will be undertaken for the rest.

KUALA LUMPUR, July 29 — Prime Minister Tan Sri Muhyiddin Yassin is scheduled to make an announcement on the moratorium extension and targeted approach assistance at 3pm today.

KUALA LUMPUR, 27 Julai — Banks have contacted more than 394,000 individual and small and medium-sized enterprise (SME) borrowers who are still adversely affected by the Covid-19 pandemic to offer loan restructuring and rescheduling.

KUALA LUMPUR, July 27 — Banks could incur a modification loss of RM79 billion over the six-month moratorium period from April to September, says Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

KUALA LUMPUR, July 27 — The issue of a possible extension of the financial moratorium period to help businesses and individuals affected by the Covid-19 pandemic are among the issues that will be raised at the Dewan Rakyat sitting today.

KUALA LUMPUR, July 15 — Deferred loan/financing repayments under the moratorium, which took effect on April 1 as part of the Prihatin Rakyat Economic Stimulus Package (Prihatin), are estimated to have reached RM55.2 billion as at July 13.

KUALA LUMPUR, July 3 — According to an online poll conducted by the Credit Counselling and Debt Management Agency (AKPK), 88 per cent or 1,648 of 1,873 respondents, opted for the deferment of financial repayments under the moratorium introduced by Bank Negara.

KUALA LUMPUR, June 17 — The value of moratorium on repayment of loans to financial institutions under the Prihatin Rakyat Economic Stimulus Package (Prihatin) was estimated at RM40 billion until June 12, 2020.

KUALA LUMPUR, May 6 — No additional interest/profit charges will be imposed on borrowers with hire purchase loans or financing during the six-month moratorium period, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today urged financial institutions to consider abolishing the accrued interest (on hire purchase loans) or profits (on fixed-rate Islamic financing) during the six-month moratorium period.

KUALA LUMPUR, April 30 — Bank Negara Malaysia (BNM) has required banking institutions to take appropriate steps to ensure that borrowers and customers are provided with clear information on the process and changes to the terms of their agreements.

KUALA LUMPUR, March 27 — Maybank announced it will not compound interest for all individual, Small Medium Enterprises (SMEs) and non-retail/corporate customers loan facilities eligible for the six-month moratorium announced by Bank Negara Malaysia earlier this week.