Targeted moratorium is best solution for country

Datuk Abdul Farid Alias: "As for the banks, we will continue to focus on how to help those who are affected by Covid-19. The banks have been very accommodative with their different repayment assistance schemes, and will continue to do so."

WHEN the World Health Organisation announced last year that Covid-19 had turned into a pandemic, many countries around the world, including Malaysia decided to impose a lockdown to help control the spread of the virus.

The economic impact of a lockdown is very direct as economic activity stops, resulting in a reverse effect on economic growth.