Twenty-five opposition Members of Parliament have urged the government to implement another six months of automatic loan moratorium to help businesses and individuals mitigate the economic impact of the Covid-19 pandemic.
“With this, Individuals and small and medium enterprises will have more cash at their disposal, which in turn will help to improve the bottom line for all businesses, encouraging them to keep and maybe increase employment as they work through this pandemic,” they said. The MPs also suggested that the Social Security Organisation increase its wage subsidy of RM600 per worker for those earning below RM4,000 and extend it for at least 6 months.
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