![\"Malaysia's\"](\"https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773-1024x578.jpg\")
<\/figure><\/div>\n\n\n\nBeing a former banker, he acknowledged the challenges faced by banks but noted that the people and small and medium-sized enterprises (SMEs) are also facing their own sets of challenges, such as disrupted cashflows and unemployment.<\/p>\n\n\n\n
\u201cI think it is important that banks look at the segment of people and SMEs that still require support and help in restructuring their loans. They should give as much assistance as possible to them,\u201d he said.<\/p>\n\n\n\n
Tengku Zafrul emphasized that Malaysia’s not in a financial crisis right now, as banks are stronger compared with the situation during the 2008-2009 financial crisis, especially with the high capital buffer of RM121 billion.<\/p>\n\n\n\n
Meanwhile, he noted that one of the sectors adversely affected by the pandemic is the tourism industry, which was the first to suffer and will likely be the last to recover.<\/p>\n\n\n\n
He said domestic tourism is the key to the industry\u2019s short-term recovery, given that Malaysia’s yet to open its borders.<\/p>\n\n\n\n
He urged tourism operators to follow strict standard operating procedures so that travelers\u2019 confidence could be restored and the domestic tourism sector could be revived.<\/p>\n\n\n\n
On the aviation industry, and whether the government would bail out airlines in these tough times, he said it is important for airlines to seek commercial solutions.<\/p>\n\n\n\n
\u201cI do not believe in bailing out shareholders, and none of them have asked to be bailed out. We may look at helping and assisting companies so that they can remain afloat and employment continues.<\/p>\n\n\n\n
\u201cSo far, there have been no requests from any airlines for the government to give direct financial injections,\u201d he added.<\/p>\n\n\n\n
— BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" KUALA LUMPUR, July 5 —\u00a0The COVID-19 Bill, which Malaysia’s government plans\u00a0to introduce soon, will be…<\/p>\n","protected":false},"author":1,"featured_media":4886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[524],"tags":[],"class_list":["post-4885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773.jpg",1047,591,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773-300x169.jpg",300,169,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773-768x434.jpg",640,362,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773-1024x578.jpg",640,361,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773.jpg",1047,591,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773.jpg",1047,591,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773.jpg",1047,591,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773.jpg",1024,578,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/07\/69ea3f934ef87e0278017273a35f0c015ed675b1c4773.jpg",720,406,false]},"author_info":{"info":["Editor"]},"category_info":"Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4885"}],"version-history":[{"count":2,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4885\/revisions"}],"predecessor-version":[{"id":4890,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4885\/revisions\/4890"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/4886"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}