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Malaysia’s new Covid-19 law will be similar to NZ, Singapore, says finance minister | Malay Mail

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Malaysia’s new Covid-19 law will be similar to NZ, Singapore, says finance minister

Saturday, 04 Jul 2020 09:38 PM MYT

Commenting on the possibility of an extension of the loan moratorium, which ends on Sept 30, he advised banks and customers to engage with each other. Tengku Zafrul emphasised that Malaysia is not in a financial crisis right now, as banks are stronger compared with the situation during the 2008-2009 financial crisis, especially with the high capital buffer of RM121 billion.

He urged tourism operators to follow strict standard operating procedures so that travellers’ confidence could be restored and the domestic tourism sector could be revived.

 

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