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How does the BNM moratorium change impact me and what should I do?

This post is written by Aaron Kee, Chief of Staff at Carsome and was originally published on LinkedIn.   A little over a month ago, the Central Bank of Malaysia (BNM) announced something unprecedented – it ordered all banks in Malaysia to grant an automatic six-month moratorium (deferment) of all loans/financing repayments from 1 April …

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Delay your car loan payments for 6 months from 1 April 2020

Bank Negara Malaysia (BNM) has announced on 25 March 2020, several measures including a six-month loan moratorium (deferment) to assist individuals, small medium enterprises (SMEs) and corporations during and after the Restricted Movement Order (RMO). These measures allow banking institutions to remain focused on supporting the economy during these times and provide some flexibility to …

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What is social distancing and why should you practice it?

The majority of the public gatherings worldwide this year have been cancelled indefinitely to help limit the spread of Covid-19. Locally, the Restricted Movement Order (RMO) has non-essential businesses working from home. During these difficult times, social distancing should be practiced everywhere, even when you need to head out for household provisions during RMO and …

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