After Anwar, Zahid now asks Putrajaya to extend loan moratorium till December
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KUALA LUMPUR, Oct. 3 -- As Malaysia grapples with a new wave of Covid-19 infections, Umno president Datuk Seri Ahmad Zahid Hamidi tday asked the federal government to consider putting back a moratorium on loans until the year end.
The Bagan Datok MP also asked banks to delay bankruptcy proceedings against borrowers who failed to service their loans.
"Umno asks the government to consider an automatic extension on the moratorium starting from October to December 2020 to help the rakyat facing the second wave of Covid-19.
"Banks need to stop auction proceedings and bankrupt declarations if there are people who can't afford to pay their loans after the moratorium period ends due to job loss," he tweeted.
Zahid's plea comes after Malaysia ...
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