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Breaking* BNM say no need to pay loans, for 6 months
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desmond2020
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Mar 25 2020, 07:33 AM
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QUOTE(marukopi @ Mar 25 2020, 07:29 AM) If this really automatic, imagine the day that you can fork out extra 500 from EPF and no need to pay mortgage/car loan/ptptn Suddenly become rich fag, raya summore, everyone drink starbucks like water. Even for that 6 month. The idea is to flood market kau kau with liquidity Imagine 6 months of raya / cny shopping spree
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desmond2020
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Mar 25 2020, 09:08 AM
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QUOTE(mushigen @ Mar 25 2020, 09:04 AM) Good for those with loans but definitely not good for financial institutions. How many can than this type of stress test? I worry about the knock-on effect on the economy in general. Will they be able to continue issuing new loans? If implemented, those still able to service their loans should be encouraged to do so by the financial institutions and bnm, perhaps with some sweeteners. NPL has impact than this moratorium
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