Najib: Extend moratorium for the sake of borrowers

FORMER prime minister Datuk Seri Najib Razak has urged Bank Negara and other banks in the country to reconsider the decision not to extend the moratorium on loans beyond September.

Expressing his concern that many borrowers and companies might go bankrupt trying to pay their monthly instalments after September, Najib said the main reason banks wanted these payments to continue was so that they had funds to provide fresh loans.