Repayment Scheme Dilemma

21-May-19 07:15

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00:05 - Axiata Group CEO Tan Sri Jamaludin Ibrahim said that Axiata has reiterated that there will be no job cuts as a result of their megamerger with Telenor. Axiata has offered the voluntary separation scheme in the past.

03:04 - PTPTN is considering a proposal to bring back travel bans for loan defaulters as the travel ban has been PTPTN’s most successful method to recover loans. Current outstandings amount to RM6.4 billion, which is owed by 1 million defaulters. The proposal is still subject to the government’s approval.

Presented by: Lyn Mak, Sharidz Abdullah, Khoo Hsu Chuang

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Categories: SME, Markets, Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Social Issues, Investments

Tags: Telenor, Axiata, retrenchment, job cuts, PTPTN, travel ban, loan recovery,

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