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apple developer:Extend loan moratorium until year-end, urges Fomca

admin2021-02-15115

Malaysia continues to register four-digit Covid-19 positive cases daily, making it impossible to reopen huge swathes of the economy. – EPA pic, February 14, 2021. BANK Negara should extend the automatic blanket moratorium to borrowers as the country continues to reel from the Covid-19 pandemic, said the Federation of Malaysian Consumers Associations (Fomca).Fomca president Dr Marimuthu Nadason said extending the automatic blanket moratorium till year-end would be ideal as there is uncertainty surrounding the duration of the currently imposed movement-control order (MCO) and vaccination for the vast majority of the public still a long way to go. 
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