PUNB extends deferral of financing repayment

by NUR HANANI AZMAN / pic by TMR FILE

PERBADANAN Usahawan Nasional Bhd (PUNB) is extending the deferral of financing repayment on the principal amount and granting a 50% discount on the rent of PUNB’s business premises for another six months, from July 1, 2021 to Dec 31, 2021.

PUNB’s board of directors have unanimously agreed on this decision to ensure PUNB Entrepreneur Partners’ business continuity following the implementation of the Movement Control Order 3.0.

Its chairman Tan Sri Noh Omar said the requirement for the deferment of the financing repayment remains the same, whereby the payment deferment only applies to the financing principal, while the profit rate that has been set is to be paid as per usual every month.

“PUNB’s Entrepreneur Partners who have obtained a deferral on financing repayment from January to June 2021 are automatically eligible for this initiative.

“The July-December 2021 deferment of payment on the principal amount is expected to benefit 2,330 PUNB entrepreneur partners and 718 companies which have received financing under the ‘Bumiputera Relief Financing’ scheme,” he said in a statement yesterday.

The initiative which began on Jan 1 and ends on Dec 31, 2021 will see a collection reduction worth RM92.75 million.

Noh added that 230 tenants of PUNB’s business premises nationwide are eligible to receive a rental discount of 50% for a period of six months, starting July 1, involving an estimated rental collection of RM2.89 million.

“I  hope this initiative can help PUNB Entrepreneur Partners and tenants of PUNB business premises maintain business resilience especially during the national lockdown that began June 1.

“This is because there are PUNB Entrepreneur Partners who are not allowed to operate during the period and most entrepreneurs are still in the process of recovering and becoming competitive again,” he added.