SME News
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2020-03-27
Banks offer non-compounding interest on loans during moratorium
KUALA LUMPUR: Several banks have announced that they will not be compounding interest for its customers during the six-month moratorium period announced recently by Bank Negara Malaysia (BNM). RHB Banking Group, Public Bank, MALAYAN BANKING BHD (M...
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2020-03-27
F&B, tourism and hospitality sector: You don’t help us now, more workers lose jobs
KUALA LUMPUR, March 27 — The F&B, tourism and hospitality sector has warned the government that delaying assistance will trigger massive job losses, as it appealed for urgent action to shield the industry from the Covid-19 crisis. &ldquo...
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2020-03-27
No compounding of interest for Maybank loans during moratorium
KUALA LUMPUR: Malayan Banking Bhd (Maybank) will not be compounding interest for all individual, small and medium enterprise (SME) and non retail/corporate customers loan facilities which are eligible for the six-month moratorium announced earlier th...
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2020-03-27
RHB first local bank to waive compound of interest during moratorium
KUALA LUMPUR: RHB Banking Group (RHB) has become the first local bank to announce that it will not be compounding interest during the six-month moratorium period after two foreign banks, HSBC and OCB announced this yesterday. RHB said this would b...
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2020-03-26
Fomca : More help needed to sustain SMEs during MCO period
KUALA LUMPUR, March 25 — The Federation of Malaysian Consumers Associations (Fomca) hopes that the government would consider waiving the accrued interest rates on housing and other loan repayments due to the harsh economic climate. President...