Prime Minister Tan Sri Muhyiddin Yassin said individuals who lost their jobs in 2020 and still haven’t gotten a new job can enjoy the moratorium for another three months .
“For individuals who are employed but have had their wages cut, their monthly installments will be decreased in tandem with their pay cuts, ” he said in a televised address on Wednesday . It was initiated to relieve the burden of those directly affected by the impact of the pandemic. It was also designed to keep cash within households, given the uncertainty at the start of the pandemic.
Source: Loan News Today (loannewstoday.net)
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