Mamak Talk
Owner Review: A beast of a family car - My story of 2019 Volvo XC90 T8 Inscription
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Malaysia’s Budget 2021 was tabled today by Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz, under very unusual CMCO circumstances. There’s nothing specific to the automotive industry, but on the topic of loan moratorium, the government has confirmed that there will be no extension.
However, Zafrul explained that the government is putting forward a set of targeted assistance packages for the B40 low income earners, as well as small and medium enterprises.
Eligible borrowers can choose between:
Meanwhile, the middle M40 income group can apply for adjustments to their repayments making a self-declaration process if they are facing income reduction.
All these initiatives will begin in December this year.
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