PM to make announcement on moratorium extension at 3pm

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PETALING JAYA: Prime Minister Muhyiddin Yassin will make an announcement on the extension of the loan moratorium at 3pm today.

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The announcement will be broadcast live on RTM, Bernama, TV3 and Astro Awani, and will touch on targeted assistance from banks.

Finance Minister Tengku Zafrul Aziz previously said the government would engage with banks on the matter.

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This followed calls from politicians, businesses and employer and employee groups for the six-month moratorium put in place on April 1 to be extended.

Banks are reportedly suffering losses of RM1 billion each month because of the moratorium.

-FMT

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