Businesses dispute ABM chairman’s say on loan moratorium | The Malaysian Insight

Businesses have criticised Association of Banks in Malaysia chairman Abdul Farid Alias’ statement that a six-month loan moratorium is sufficient for individuals and small businesses. – The Malaysian Insight file pic, June 15, 2021.

A GROUP of businesses have questioned Association of Banks in Malaysia chairman Abdul Farid Alias’ reasoning that there was no need for a blanket loan moratorium for individuals and small businesses. In a statement, 14 organisations claiming represent over 400 business associations and chambers of commerce, in a rebuttal to Farid’s opinion piece titled “”, said nobody could decide what is a sufficient moratorium period.

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how could you suggest a targeted moratorium when the majority of the rakyat have no source of income to survive?

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