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

Photo: Bassam Khawaja 2019 / srpoverty.org

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

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