Targeted moratorium helps borrowers avoid legal action, says deputy minister


Ragananthini Vethasalam Diyana Ibrahim

Deputy Finance Minister 1 Abdul Rahim Bakri says the targeted loan moratorium will be able to help those who are unable to service their debts avoid legal action. – AFP file pic, August 12, 2020.

THE loan moratorium extension on a targeted basis will help prevent legal action against those who are unable to service their debts, Deputy Finance Minister 1 Abdul Rahim Bakri told the Dewan Rakyat today.

“The process we are undertaking is a targeted moratorium. A lot of people will benefit and legal proceedings on borrowers can be avoided.”


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