Ex-finance minister urges Putrajaya to extend loan moratorium

Modified 5 Jul 2020, 2:45 pm

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...

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