MCO 3.0: Bus operators push for moratorium or loan reduction from credit companies | Malay Mail

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MCO 3.0: Bus operators push for moratorium or loan reduction from credit companies

KUALA LUMPUR, June 2 — Bus operators are urging credit companies providing loans or hire purchase instalments to consider adopting a moratorium as announced by the government, or at least reduce the loan repayments.

“Currently, we have had good cooperation from registered companies but there are issues with those not registered, as they do not want to participate in the Bus and Taxi Hire Purchase Rehabilitation Scheme as announced by the government as they feel they need financial income to continue to operate,” he told Bernama here today.

Seremban School Bus Operators Association chairman S. Silverrajoo concurred and requested that credit companies provide some leeway as school buses currently are not operating as usual. “We want the scheme to be comprehensive, and can benefit all bus operators from T20 to the B40 group with easier conditions...if the scheme cannot benefit bus operators who are truly affected, then what’s the use of it being created.

 

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