Muhyiddin: 98% of moratorium extension applications approved


Tan Sri Muhyiddin Yassin said the government will continue to monitor the latest developments and will ensure banking institutions play a role in helping the people and businesses in need of assistance to face this challenging period.

KUALA LUMPUR: Ninety-eight per cent of applications for moratorium extension and targeted bank assistance have been approved, says Prime Minister Tan Sri Muhyiddin Yassin.

"In July, I announced a moratorium extension and targeted bank assistance. As of Sept 11, banking institutions have had discussions with over 1.4 million borrowers, and over 380,000 borrowers have confirmed that they really need this assistance, ” he said when delivering the "Kita Prihatin” special address today.

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