NEWS

MTUC sec-gen: Many will suffer if 'bank-friendly' Tengku Zafrul is not firm

22 Jul 2020, 7:00 am

Updated 4 months ago

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MTUC secretary-general J Solomon has criticised the announcement by Finance Minister Tengku Zafrul Abdul Aziz that the extension of the six-month loan moratorium has not been decided yet but will be considered by the banks on a targeted basis.

"This 'targeted approach' for the loan moratorium after September is too vague, gives banks too much leeway and the B40 and M40 workers will struggle as a result," said Solomon in a statement today...

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