Reinstate the general moratorium on loans for low income groups and small businesses?

Photo: Bassam Khawaja 2019 /

The end of the general loan moratorium in September raised concerns that people whose incomes are still being cut off due to the pandemic will not be able to repay their loans. Although a moratorium on targeted loans is in place, the National Union of Bank Employees calls on the government to reinstate the general moratorium for low-wage groups and SMEs. To know more, BFM talk to J Solomon, the general secretary of the union, about the funding trials, the inconsistency in the conditions set, as well as the next 2021 budget.

Produced by Sim Wie Boon

Presented by Roshan Kanesan, Lyn Mak and Noelle Lim

Thanks for stopping by! The views expressed in Aliran’s media statements and NGO statements that we have endorsed reflect Aliran’s official position. The views and opinions expressed in other articles published here do not necessarily reflect the official position of Aliran.

Our volunteer editors work hard to make these articles free for everyone. But we need funds to support our struggle for justice, freedom and solidarity. To maintain our editorial independence, we do not broadcast any advertising; nor do we accept funding from questionable sources. If everyone reading this made a donation, our fundraising goal for the year would be reached within a week. So please consider make a donation to Persatuan Aliran Kesedaran Negara, CIMB Bank account number 8004240948.


About Franklin Cheatham

Check Also

Modi government’s bad bank plan raises concerns that loan prices are inflated

New Delhi: india move this week to create a bad bank to handle one of …