Dire need for blanket loan moratorium, think tank warns as MCO extended

An automatic loan moratorium from banks is critical at this juncture to help individuals and small businesses survive the ongoing lockdown, an independent research house said as the government today announced a further extension of the movement control order (MCO). “The danger of massive loan defaults if the moratorium is not granted might be more real than we think,” said Emir Research in arguing the case for a blanket loan moratorium similar to the one announced by the government last year. The think tank also disagreed with Finance Minister Tengku Zafrul Aziz’s… Read More