Guan Eng urges govt to extend loan moratorium for another 6 months | The Malaysian Insight

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Guan Eng urges govt to extend loan moratorium for another 6 months

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DAP chairman Lim Guan Eng says the banking industry can very well afford to extend the loan moratorium period to borrowers for another six months as it recorded substantial pre-tax profits even during the epidemic. – The Malaysian Insight file pic, April 9, 2022.

PUTRAJAYA should again extend the bank loan moratorium and interest rate waiver to individuals and business communities for another six months to counter declining growth prospects for this year, Lim Guan Eng said. With the World Bank last week lowering Malaysia’s GDP growth forecast and economic implications brought by the Russia-Ukraine war, the DAP chairman said these would undoubtedly affect the ability of individuals and businesses to service loans.

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