DAP secretary-general Lim Guan Eng says the banking industry can absorb the additional RM6.4 billion in losses if the moratorium is extended by six months. – The Malaysian Insight file pic, August 29, 2020.
PUTRAJAYA should extend the moratorium on bank loans and inject additional financial assistance to avert negative economic consequences, in light of the extension of the recovery movement control order , said Lim Guan Eng. The DAP secretary-general said extending the RMCO without extending the moratorium on bank loans by six months and an additional injection of RM45 billion to the Covid-19 Economic Fund will adversely affect efforts to save Malaysian jobs, small and medium entreprises and manufacturers.
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