Borrowers in Malaysia can tap targeted relief from Oct 1: report

Singapore

THE move by Malaysia's central bank to extend relief to a targeted group of borrowers after a blanket moratorium expires on Sept 30 could apply to more than the three million individuals and businesses that Bank Negara Malaysia (BNM) estimated to be in need of such relief, said UOB economists.

More could be eligible for the extension if labour market strains persist into the fourth quarter and economic recovery remains uncertain, the economists said in a report this week.