Companies and individuals need help because it is far from ‘business as usual’, say MEF and MTUC.
Speaking to FMT, Malaysian Employers Federation executive director Shamsuddin Bardan said ending the moratorium will result in “many businesses closing faster”, irrespective of any targeted facility offered by the banks. “I do not agree with the notion that businesses will be able to service their loans. The process of restructuring loans will take up a lot of time due to the sheer number of borrowers, ” he said, adding that an extension until December would be good.
Meanwhile, the Malaysian Trades Union Congress said it would continue to pursue the extension of the moratorium to ease the financial burden of the people.
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