MPs urge Govt to extend loan moratorium for 6 more months
Published on: Monday, January 25, 2021
By: Bernama
.jpg "MPs urge Govt to extend loan moratorium for 6 more months")
Kuala Lumpur: Twenty-five opposition Members of Parliament (MPs) have urged the Government to implement another six months of automatic loan moratorium to help businesses and individuals mitigate the economic impact of the Covid-19 pandemic.In a joint statement, the MPs said the loan repayment moratorium would help improve cash flow and save jobs during the Movement Control Order (MCO) 2.0, as had happened under the first MCO in March last year.
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“With this, individuals and small and medium enterprises (SMEs) will have more cash at their disposal, which in turn will help to improve the bottom line for all businesses, encouraging them to keep and may be increase employment (instead of cutting jobs) as they work through this pandemic,” they said.
They said SMEs and individuals that are not affected can continue with their existing loan repayment.
The MPs also suggested that the Social Security Organisation (Socso) increase its wage subsidy of RM600 per worker for those earning below RM4,000 and extend it for at least six months.Stay up-to-date by following Daily Express’s Telegram channel.
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Among the MPs who signed the statement were Darell Leiking (Penampang), Syed Saddiq Syed Abdul Rahman (Muar), Datuk Mohd Azis Jamman (Sepanggar), Hannah Yeoh (Segambut), Yeo Bee Yin (Bakri), Baru Bian (Selangau), Datuk Rozman Isli (Labuan) and Datuk Seri Salahuddin Ayub (Pulai).
