Struggling businesses urge govt to continue with loan moratoriums

The decision to call for government intervention was made after hearing feedback from FMBA members during its annual general meeting on Sept 27.

PETALING JAYA: The government has been urged to introduce a special loan moratorium to support struggling businesses affected by the Covid-19 pandemic.

Federation of Malaysian Business Associations (FMBA) chairman Datuk Abdul Malik Abdullah also urged the government to extend the enforcement of the Temporary Measures For Reducing the Impact of Covid-19 Act 2020 (Act 829) as some businesses are still recovering from the Covid-19 pandemic as well as the current economic situation.