MTUC raps Zafrul’s lack of leadership on loan moratorium

Finance Minister Tengku Zafrul Tengku Abdul Aziz says businesses and workers can resume servicing their loans as Covid-19 curbs have largely been lifted. – The Malaysian Insight file pic, July 22, 2020.

PUTRAJAYA should have ordered an automatic extension of the moratorium on loan repayments for low-income workers and businesses struggling to survive the Covid-19 pandemic, said the Malaysian Trades Union Congress.

Secretary-general J. Solomon, in a statement, said the lives of B40 and M40 folk will be severely impacted when the six-month moratorium ends in September.

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