Builders’ group proposes low-interest loans, tax breaks to face full lockdown

Updated 2 years ago · Published on 31 May 2021 11:21AM · 0 Comments

In reality, the Malaysian construction industry needs direct money injection into businesses immediately as an effective measure to ensure industry is sustainable, says the Master Builders Association Malaysia. – The Malaysian Insight file pic, May 31, 2021.

ALLOW automatic loan moratorium extension for people and businesses, and provide financial assistance with low interest financing rates to provide financial aid to businesses, said Master Builders Association Malaysia (MBAM).

While many contractors are in dire states due to various additional costs arising from the Covid-19 pandemic, MBAM executive director Loh Mei Ling suggested these were among initiatives Putrajaya can come up with in order to help the people.