PKFZ chairman calls for interest-free moratorium

Datuk Lawrence Low, chairman of Port Klang Free Trade Zone (PKFZ). Reporter - Ho Wah Foon

PETALING JAYA: Banks should be able to afford an interest-free loan moratorium implementation, as the industry has a relatively stable performance, says Port Klang Free Trade Zone (PKFZ) chairman Datuk Lawrence Low.(pic)

While he lauded the government’s implementation of the moratorium under the National People’s Well-Being and Economic Recovery Package or Pemulih aid package with zero compounded interest and penalty charges, he said there should not be any interest or other charges throughout the moratorium. “Under the present condition, even if an individual is to apply for a six-month moratorium, the interest rate on the loan would be a further burden to the rakyat.