Moratorium extension: Finance Ministry advises borrowers not to delay application

: The Finance Ministry has advised individual borrowers burdened with unpaid installments due to the economic impact of Covid-19, to deal with their respective banks without delay from Aug 7 for extension of the moratorium on their loans.

According to him, the value of the loan repayment moratorium involving 7.7 million borrowers as of July 24 is RM62.8 billion. Of the total, 243,000 are small and medium enterprises. Mohd Shahar earlier launched the 15th Malaysian National Economic Conference and Tun Abdullah Ahmad Badawi Legacy Organisation -Perkem webinar series 2020.

Meanwhile, Legasi chairman Datuk Jefridin Atan, who was ex-prime minister Abdullah Badawi’s special officer, said Covid-19 prompted the organisers to innovate and hold the Legasi-Perkem webinar series via the zoom application and Facebook live, in line with the new normal.

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