DAP regrets that the government has decided not to extend the loan moratorium in full by another six months, claiming that the administration and banks are more than capable of doing so.
“RM32 billion should provide sufficient cover for banks to bear the RM6.4 billion cost of delivering on their corporate social responsibility of extending loan moratoriums by another six months to aid their customers during the Covid-19 economic crisis. “Failure to do so would only give rise to suspicion that the RM295 billion stimulus package to battle the economic crisis is only heard but not felt, benefiting certain well-connected groups but not ordinary Malaysians and SMEs,” he said.
Previously, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz had said that banks are estimated to suffer up to RM6.4 billion owing to the six-month moratorium.