Malaysia

Govt to discuss loan moratorium with banks for flood-hit debtors: Anwar

This follows appeal from Johor govt, says prime minister

Updated 3 years ago · Published on 07 Mar 2023 2:51PM

Govt to discuss loan moratorium with banks for flood-hit debtors: Anwar
Johor Menteri Besar Datuk Onn Hafiz Ghazi has made an appeal to the prime minister to consider a moratorium of between three to six months for flood victims in the state. – Bernama pic, March 7, 2023

KUALA LUMPUR – The government will hold talks with banks with regards to allowing a moratorium to be given to their debtors affected by floods, the Dewan Rakyat was told today.

Prime Minister Datuk Seri Anwar Ibrahim said this followed the appeal from the Johor government after the state was badly hit by floods.

He said so far only Maybank and CIMB had agreed to give a moratorium of six months for the purpose.

“We have also contacted other banks to emulate the moves made by Maybank and CIMB,” he said during Minister’s Question Time today.

Johor Menteri Besar Datuk Onn Hafiz Ghazi yesterday made an appeal to the prime minister to consider a moratorium of between three to six months for flood victims in the state.

Onn Hafiz said the initiative would help ease the burden of people who may have suffered huge losses due to the floods.

Meanwhile, Anwar said there is no need to declare a state of emergency in Johor as the flood situation is under control and that power outages or impassable roads in most areas have been resolved by the relevant authorities.

“So, what reason is there to declare a state of emergency? There is no need for it,” he said in reply to Datuk Seri Shahidan Kassim (Arau-PN) who wanted to know why the government did not declare a flood emergency, especially in Johor.

Anwar also congratulated all machinery involved in helping the victims in the flood-hit states.

“In Johor, the preparation of state machinery and district officers seems to be more efficient, having saved many lives,” he said. – Bernama, March 7, 2023

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