Give 3-month loan moratorium, cash aid to ride out MCO 3.0, says DAP

Zairil Khir Johari said a freeze on loan repayments will allow employers to retain staff and help those worst affected by the latest movement control order.

In a statement today, Zairil said as small and medium enterprises employ almost half of the labour force, a moratorium would allow them to improve their cash flow while their employees would be assured of job security. Zairil, who is DAP assistant national publicity secretary, said despite a plethora of stimulus packages totalling RM340 billion intended to help the poor, the B40 and M40 continue to suffer.

DAP can just shut up lol

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MCO 3.0: Bank Negara not in favour of blanket loan moratoriumMCO 3.0 | According to BNM, a blanket loan moratorium may not be the best solution for borrowers following the re-imposition of the MCO nationwide. Instead, BNM said borrowers should approach banks to help them meet their debt obligations. Same old story. PKP with economy still open may not also be the best solution to contain the spread of Covid19 effectively. Why only let those handful businesses to continue making profits while mass Rakyat suffers from this PKP. Small traders, golf clubs, bars are not allowed Rakyat seek for fairness and financial aids are immensely needed in time of PKP. All countries with a Prihatin Govt will always think of this aspect before making any decision for a lockdown. Why Malaysia is so different? Can the Governor enlighten the mass Rakyat in this aspect Is BNM operating in their own world? Surely you cannot be asking borrowers to flock the banks when the country is under a lockdown, right? A good example: When the govt implemented the HIDE system, many shoppers were seen flocking to non-HIDE shopping complexes to buy their items
Source: malaysiakini - 🏆 20. / 51 Read more »