Malaysia

Skills development loan repayment deferment extended to March 31

Deferment involves loans totalling RM9.5 million, to benefit 72,747 borrowers, says HR minister

Updated 5 years ago · Published on 20 Jan 2021 6:36PM

Skills development loan repayment deferment extended to March 31
Human Resources Minister Datuk Seri M. Saravanan says some PTPK borrowers have lost their jobs due to the Covid-19 pandemic. – The Vibes file pic, January 20, 2021

PUTRAJAYA – The Human Resources Ministry has agreed to extend the deferment for Skills Development Fund Corp (PTPK) loan repayments by three months to March 31.

Minister Datuk Seri M. Saravanan, in a statement today, said some borrowers have been hit hard by the Covid-19 pandemic.

They can submit applications for the deferment via the PTPK website, he said.

“This deferment involves loans totalling RM9,516,798.90, and will benefit 72,747 account holders.”

He said the ministry is concerned about the financial difficulties faced by borrowers, especially those who have lost their jobs as a result of the virus crisis and impacted by floods, which have hit several states this monsoon season.

Questions can be emailed to [email protected] or [email protected], and more details are available on the PTPK website. – Bernama, January 20, 2021

Related News

Malaysia / 1mth

Saravanan urges Anwar to halt MACC probe, claims allegations baseless

Malaysia / 5mth

SB claims and due diligence failures raise fresh questions over Bestinet deal, says Charles Santiago

Malaysia / 2y

Bank workers union slams HR minister for not acting in employees’ favour

Malaysia / 2y

No laughing matter: HR minister launches no-sugar campaign to prevent ailing workforce

Business / 2y

Gig economy: the future of work is here and it's flexible

Malaysia / 2y

No contest for top 2 party posts, says MIC

Spotlight

Malaysia

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Parents can keep children home during haze as schools adopt stricter air quality thresholds

Malaysia

NUTP urges faster school closure notices as haze disrupts plans

Malaysia

Singapore solely responsible for Linggiu Dam safety, PETRA Dep Minister says

Malaysia

Will exempting MSMEs from the minimum wage requirement widen inequality?

Malaysia

Terengganu royal family member sues two banks over RM1.99m missing from savings

Malaysia

Cheap imports threaten local manufacturers as SMEs struggle with higher costs

Malaysia

‘Find another Prime Minister if you want me silent on graft’, Anwar says