KUALA LUMPUR, June 28 — Loan moratorium for all micro, small and medium enterprises , B40 as well as M40 households, while targeted for other individuals for at least three months or 50 per cent loan payment reduction for six months is needed to ensure social and business safety nets.
It said a real moratorium that assists borrowers should have no room for the practice of charging borrowers an additional interest for the period of moratorium by re-amortising the loan payment schedule once the moratorium period is over. “Although, banks would report some mere accounting losses due to re-evaluation of their outstanding loans,” Emir Research said.
the loan will not help much if society and business do not rethink its ways to persevere with the new economic norms. we need to have an in depth review of our economy and think of ways for it to be resilient to pandemics.