Extend loan moratorium, Najib tells banks

KUALA LUMPUR: To address the Covid-19 economic fallout which is expected to worsen in the coming months, Datuk Seri Najib Razak (BN-Pekan) has urged Bank Negara and banks in the country to reconsider its decision not to extend the loan moratorium.

The former premier expressed concern that many companies and borrowers may go bankrupt as they might not be able to pay their monthly instalments when the moratorium ends in September.