Malaysiakini
NEWS

Ex-finance minister urges Putrajaya to extend loan moratorium

Published
Modified 5 Jul 2020, 2:45 pm
29

Former finance minister Lim Guan Eng has proposed that Putrajaya extend the loan moratorium due to expire at the end of September.

He said in the face of a worsening economy, people are not prepared to resume payment on their bank loans.

"The unemployment rate had risen dramatically from 3.2 percent in January to five percent in April.

"The April rate is the highest in...

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.