PAGOH: The National Recovery Council (MPN) recommends that banking institutions should consider offering moratoriums to small and medium enterprises (SMEs), especially those that are still struggling to recover post-COVID-19.
Its chairman Tan Sri Muhyiddin Yassin said there have been three MPN meetings to discuss SMEs, which, among other things, have asked for financial assistance since some of them are still unable to recover and business is declining.
This is coupled with the increase of the overnight policy rate (OPR) three times this year, which is seen to not only affect the momentum of the country's economic recovery but also the performance of SMEs, which now contribute to 90 per cent of the country's economic activity, added the former prime minister.
"In the last (MPN) meeting, they (SMEs) requested that the banking institutions review (whether) it is possible to hold another special moratorium. (I think) even with the moratorium, they (banks) will not lose much. For a little while, they (SMEs) want to recover but cannot recover anymore (now).
"(If SMEs) want to borrow money, the bank (will) say first that they have not paid (the loan). Now, the OPR has gone up, (if) they want to borrow again, (the bank will) ask for a track record of the past year or two (but) after a year or two, they will show a loss. If you want to base it on normal conditions, (they) will not recover," he told reporters after the Jualan Prihatin Rakyat in Bukit Pasir here today.
Muhyiddin, who is also Pagoh MP, hopes that the government will also see the impact on the SME sector which is seen as one of the main sectors that contribute to the national economy.
"Yes. It (OPR increase) will have an impact. Even now we (MPN) are paying attention. Among other things, the issue of people's poverty and the issue of the recovery of the economic sector, especially SMEs.
"If they (SMEs) are not active in producing marketable production, which can be competitive, it means that the recovery will be affected. (Recovery) is getting slower with the burden of costs, the increase in the inflation rate and so on, this will be a big problem," he said.
In addition, Muhyiddin also hopes that the government will look at the increase in the OPR while also finding a way to help reduce the burden on the people in the coming presentation of Budget 2023.
"For me, if there are no decisive steps in the presentation of the budget that will be presented (by Prime Minister Datuk Seri Ismail Sabri Yaakob), if it is not addressed and not seen seriously to deal with such problems, the budget will not have an impact and will not help speed up recovery and help ease the burden of the people," he said.
Two days ago, Bank Negara Malaysia's Monetary Policy Committee announced the highest and lowest corridor rates for the OPR, increasing them to 2.75 per cent and 2.25 per cent, respectively, which is the third increase this year after increases in May and July.
It also invites public concern about the possibility of having to pay a loan at a higher rate.
Meanwhile, Muhyiddin who is also Perikatan Nasional chairman, said the Jualan Prihatin Rakyat, which received a warm response after being organised several times in Pagoh, will soon be expanded throughout the country.
He said for RM20, they can get a 5kg bag of rice, a tray of eggs and chicken through the Jualan Prihatin Rakyat programme that began in August, and the sale is an effort by his side that targets the B40 group.
Therefore, cooperation and contributions from corporate organisations are urged to participate in the sales programme, said Muhyiddin.
-- BERNAMA
Bernama
Sat Sep 10 2022
The MPN recommends that banking institutions consider offering moratoriums to SMEs, especially those that are still struggling to recover post-COVID-19, its chairman Tan Sri Muhyiddin Yassin said. - BERNAMA/Filepic
10 Berita Pilihan - (01 Mei 2024)
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
Berita tempatan pilihan sepanjang hari ini
Berikut adalah berita yang paling menjadi tumpuan sepanjang Rabu, 1 Mei 2024.
Program Soal Jawab Perdana Menteri
Perdana Menteri, Datuk Seri Anwar Ibrahim akan mengulas pelbagai perkara termasuk pengumuman Hari Pekerja serta isu-isu semasa yang mendepani rakyat dan negara.
#MalaysiaMADANI #AWANInews
#MalaysiaMADANI #AWANInews
Berita antarabangsa pilihan sepanjang hari ini
Antara pelbagai berita luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
Terima anugerah Reader's Digest buat kali kelima, Ahmad Zahid ucap tahniah kepada Kemas
Timbalan Perdana Menteri Datuk Seri Ahmad Zahid Hamidi mengucapkan tahniah kepada Jabatan Kemajuan Masyarakat (Kemas) yang meraih Anugerah Jenama Paling Dipercayai buat kali kelima bagi kategori Pu
AIM menang Anugerah Industri Kewangan Islam Global
AIM memenangi anugerah Islamic Finance News apabila dinobat IFN Best Islamic Microfinance Institution, serta menerima dua anugerah di bawah Global Good Governance Awards (3G).
Keprihatinan Allahyarham Khalid Ali terhadap pasukan negara hingga hujung nyawa
Keprihatinan dan cinta legenda bola sepak negara Allahyarham Khalid Ali terhadap pasukan negara dibuktikan apabila masih membicarakan tentang perkara itu pada hujung hayatnya.
Ancaman bom palsu cetus panik di 100 sekolah di India
Ancaman bom palsu telah mencetuskan panik di sekolah di ibu negara India pada pagi Rabu dengan ibu bapa bergegas membawa pulang anak-anak mereka.
Pulau Pinang akan bincang, teliti kenaikan gaji penjawat awam negeri - Chow
Kerajaan Pulau Pinang akan membincangkan mengenai kenaikan gaji penjawat awam di negeri itu pada Majlis Mesyuarat Kerajaan Negeri akan datang, menurut Ketua Menteri Chow Kon Yeow.
Lawatan kerja PM bina keyakinan bagi syarikat Malaysia terlibat dalam projek besar di Arab Saudi
Kejayaan lawatan kerja Anwar ke Riyadh, Arab Saudi, baru-baru ini, membina keyakinan untuk syarikat Malaysia diberi peluang terlibat dalam projek-projek besar di negara tersebut.
Bersatu ambil tindakan susulan terhadap enam ahli Parlimen - Muhyiddin
Bersatu sedang melaksanakan tindakan susulan terhadap enam ahli Parlimennya yang menyokong Perdana Menteri selepas meminda Perlembagaan parti bulan lalu.
PRK Kuala Kubu Baharu: Kerajaan Perpaduan akan dibebani isu semasa - Muhyiddin
PRK ini bakal jadi referendum untuk rakyat suarakan pandangan yang disifatkan Muhyiddin sebagai perasaan tidak puas hati.
Kes saman Ahmad Zahid terhadap Muhyiddin selesai secara baik
Kes saman yang difailkan Timbalan Perdana Menteri Datuk Seri Ahmad Zahid Hamidi terhadap bekas Perdana Menteri Tan Sri Muhyiddin Yassin, selesai secara baik di Mahkamah Tinggi hari ini.
PRK Kuala Kubu Baharu: Khairul Azhari Saut diumumkan sebagai calon PN
Pemangku Ketua Bahagian Bersatu Hulu Selangor Khairul Azhari Saut diumumkan sebagai calon Perikatan Nasional (PN) bagi Pilihan Raya Kecil (PRK) Dewan Undangan Negeri (DUN) Kuala Kubu Baharu.
Panel lima hakim Mahkamah Rayuan akan dengar permohonan Muhyiddin
Muhyiddin memohon bagi mendapatkan kebenaran menyemak keputusan panel sebelum ini yang mengembalikan semula empat pertuduhan salah guna kuasa membabitkan RM232.5 juta terhadapnya.
Muhyiddin tidak layak beri kenyataan selagi gagal bantu panggil menantu hadapi tuduhan pecah amanah - Fahmi
Katanya, Muhyiddin gagal membantu pihak berkuasa meminta menantunya yang menghilangkan diri untuk tampil bagi menghadapi pertuduhan.
Peruntukan pembangkang: 'Kalau ikhlas, tak perlu ada MoU' - Muhyiddin
Tidak perlu ada memorandum persefahaman (MoU) jika Kerajaan Perpaduan ikhlas untuk memberikan peruntukan kepada Ahli Parlimen pembangkang, kata Tan Sri Muhyiddin Yassin.
PRK Kuala Kubu Baharu: PN muktamad calon esok, umum 25 April - Muhyiddin
PN memuktamadkan calon bagi Pilihan Raya Kecil (PRK) Dewan Undangan Negeri (DUN) Kuala Kubu Baharu esok dan dijangka mengumumkan calon mereka pada 25 April ini.
Muhyiddin mohon lima hakim dengar permohonan semakan
Muhyiddin mohon semakan kehakiman bagi mencabar keputusan yang mengarahkan kes rasuah berjumlah RM232.5 juta.
Saya bersedia berhadapan sebarang kemungkinan yang berlaku - Syed Abu Hussin
Syed Abu Hussin menjelaskan sebagai seorang politik beliau perlu sentiasa bersedia dalam apa jua kemungkinan yang bakal berlaku.