THE targeted extension of the moratorium on bank loan repayments for those who have lost jobs or had their pay cut as a result of the Covid-19 pandemic was welcome news indeed earlier this week.
In his announcement on Wednesday, Prime Minister Tan Sri Muhyiddin Yassin touched on the banks’ commitment in the form of several measures to assist borrowers – regardless of whether they are individuals or small and medium enterprises – that are expected to benefit up to three million people and businesses.
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