‘Bill helpful but some details need to be ironed out’

PETALING JAYA: There are some issues in the Bill aimed at easing the impact of Covid-19 that need to be looked at further, but industry leaders have lauded it as helpful to businesses and consumers.

The legislation provides temporary reprieve from legal disputes and protection from legal suits as companies try to resuscitate their businesses and recover from the pandemic, said Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai, adding that some businesses had been unable to fulfil their contractual obligations such as damages claims, forfeiture of deposits, termination of leases as well as insolvency proceedings.