PBM: Introduce moratorium to counter OPR hike

PBM: Introduce moratorium to counter OPR hike

1 month ago

KUALA LUMPUR - Parti Bangsa Malaysia has called on the government to introduce an across-the-board moratorium for all bank loans following Bank Negara Malaysia's decision to hike the overnight policy rate (OPR) by 25 basis point to 2.75 per cent.

"Many are facing cash flow difficulties and have barely turned their business around since Apr 1 when the country started to transition into the endemic stage.

"While we understand the hike is in response to creeping inflation and is in line with what central banks in other countries are doing, the decision has also resulted in a more challenging environment for businesses to operate," its president-designate, Datuk Zuraida Kamaruddin said.

Read the full story

It's better on the Lumi News app

✅ It’s fast

✅ It’s easy to use

✅ It’s free

Start using Lumi

More articles in this stack
GE15: introduce across-the-board moratorium, urges PBM
The Vibes

The Vibes

GE15: introduce across-the-board moratorium, urges PBM

PBM fields the most female candidates, research group says
Sinar Daily

Sinar Daily

PBM fields the most female candidates, research group says

GE15: PBM’s Haniza vows to help Seri Cempaka flat dwellers fearful over cracked buildings
The Vibes

The Vibes

GE15: PBM’s Haniza vows to help Seri Cempaka flat dwellers fearful over cracked buildings

Trending right now

Loading...
lumi screenshot

Switch to Malaysia’s #1 news app 🔥

News from 50+ trusted media

🔔

Get notifications for breaking news

Available in ENG, BM, and Chinese

Read More