CMCO calls for extension of loan moratorium, say restaurant owners

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An association representing 4,000 Indian Muslim operators say many cannot afford their monthly instalments. FMTNews CMCO Moratorium

Indian Muslim restaurant owners say their businesses will be hit by the CMCO.

Malaysian Indian Muslim Restaurants Owners Association president Jawahar Ali Taib Khan said the CMCO in Selangor, Kuala Lumpur and Putrajaya will affect their business. “But since the moratorium has not been extended, they cannot even afford to repay their bank loans,” he told FMT.Jawahar also called on the authorities to ramp up the enforcement of SOPs, including the issuing of compounds.

Ho Su Mong, president of the Malaysia-Singapore Coffee Shop Proprietors’ General Association, said their members will abide by the regulations.

Source: Loan Digest (loandigest.net)

 

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