MTUC calls for loan moratorium to be extended

Bank Negara must direct the financial institutions to extend the moratorium on loan repayments by another six months, says the Malaysian Trades Union Congress. – The Malaysian Insight file pic, July 4, 2020.

THE Malaysian Trades Union Congress (MTUC) wants Putrajaya to compel banks to extend by another six months the moratorium on payment of monthly instalments for housing loans and vehicles.

MTUC secretary-general J. Solomon said the Finance Ministry and Bank Negara Malaysia must ensure banks extend the moratorium, especially for a target group of workers who are still unable to service the loans.

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