PETALING JAYA: Two economists have expressed opposing views about the government’s decision not to extend a moratorium on loan repayments for another six months following the extension of the recovery control movement period until Dec 31.Goh Lim Thye, a senior economics lecturer at Universiti Malaya, said the government should extend the moratorium.
Former finance minister Lim Guan Eng was among those who have urged Putrajaya to extend the moratorium for six more months. He said that the end of the moratorium would severely affect jobs, small-medium enterprises and also manufacturers. A six-month extension would only cost banks some RM6.4 billion, which financial institutions could bear.
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