Posted by DickyMe > 2020-04-30 20:23 | Report Abuse

Even before upliftment of lockdown social problems are already creeping out.
https://www.malaysiakini.com/news/523378

Financial woe, family dispute leads to stabbing and suicide.

Posted by DickyMe > 2020-05-01 11:07 |

Post removed.Why?

Posted by TrippleZ > 2020-05-01 11:10 | Report Abuse

Over promised. Should had gone with only 2-3months moratorium.

Posted by Bearvsbull laputee > 2020-05-01 11:16 | Report Abuse

I have read BN guidelines on loans, i think malaysians got it all wrong! There's no such thing as free lunch borrowings! One must understand the guideline!
The nightmare already begins! Because many didn't understand the guideline! Anyway, plenty of home and car auctions on the way! Even 5 star hotel opt to close shop! Like i said before, extending MCO has totally destroy many businesses! You will see this once MCO is lifted! It's going to be a carnage!

Posted by Bearvsbull laputee > 2020-05-01 11:18 | Report Abuse

many businesses use inter credit facility! Where they give each other 25 days to pay up! Now that we almost 2 months into MCO, imagine the interest that need to be paid! We are going to see credit crunch on all sides!

Posted by InvestWin > 2020-05-01 11:27 | Report Abuse

Agree. We can bury our head in the sand, not seeing not feeling it, in this 6 month moratorium. Then we have to face the accumulation of bank interest & loans by Oct 2020.Yes, the debt scenario will be ugliest post-Oct 2020 and explode exponentially in 2021.