COMMENT | MTUC warns of rise in forfeitures if banks do not extend moratorium

J Solomon

Modified 4 Jul 2020, 7:10 am

COMMENT | Yesterday, Bank Negara Malaysia said it was unlikely that financial institutions would extend the six-month moratorium on payment of monthly instalments for vehicles and housing loans which end on Sept 1.

BNM assistant governor Adnan Zaylani Mohamad Zahid was quoted as saying that the economic recovery would continue and that “we have no intention of extending the moratorium as it would have repercussions that we want to avoid”...

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