Banks need to give clear explanation about moratorium for M40 - Mustapa

Banks need to give clear explanation about moratorium for M40 - Mustapa - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Banks need to give clear explanation about moratorium for M40 - Mustapa, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The Association of Banks in Malaysia (ABM) needs to provide a clear explanation about the moratorium for M40 income earners affected by the movement control order (MCO) 3.0, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.Based on the feedback he had received, the minister said many in the M40 group, including entrepreneurs and professionals, were becoming more stressed and desperate for help.“Many are expecting a blanket moratorium as done last year. For micro small and medium enterprises (MSMEs), there’s no problem. But for affected M40 income earners, who are struggling financially from lack of income, they can also apply and the banks have assured that they will continue to help."The banks need to find a more thorough method of enlightening borrowers (on the moratorium)," he said in an interview on RTM TV1’s “Political Economy - Loc…