Wednesday, 06 May 2020 05:10 PM MYT
Malaysian Institute of Economic Research deputy director Prof Dr Jamal Othman said previous misunderstandings about the moratorium had been resolved and those who chose to postpone the repayment were allowed to pay the interest through several methods depending on which option they felt was better for them.
Jamal, who is also Malaysian Prof Academy head of economy and social welfare, said however, in today’s poor economic environment, there are constraints in terms of investment choices, but for those who are investment savvy, the moratorium is an opportunity that could be used to make investment. Commenting on the oil price turmoil amid Covid-19, Jamal said it had a very negative impact on the country’s economy and gross domestic product as many economic activities were halted.
Meanwhile, he said the economic sectors that were allowed to reopen need to comply with the security guidelines, as Covid-19 infection cases is declining daily.
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