FMM asks govt to extend loan moratorium

FMM said the extended moratorium could provide financial relief to those who are currently economically disadvantaged, especially companies that are struggling to sustain their businesses and workers who had been retrenched and had lost their source of income.

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) has urged the government to consider extending the loan moratorium period for another six months to March 2021 in light of the softening economy following the coronavirus (Covid-19) pandemic.

The six-month moratorium, announced by Prime Minister Tan Sri Muhyiddin Yassin in late March, ends on Sept 30.