SUPP calls on MOF and BNM to consider moratorium extension

Milton Foo

KUCHING, Jan 29: Sarawak United People’s Party (SUPP) Youth Central secretary-general Milton Foo calls on the federal Ministry of Finance (MOF) and Malaysia National Bank (BNM) to seriously consider the proposal to extend the moratorium for three months (February to April, and to start repayment in May), to give the people and enterprises some space and time to breathe.

According to Foo in a press statement today, within a three-month period, the people shall have room to put focus in fighting the pandemic with all their strength while biting their teeth to live and work together to flatten the curve.

“I believe that when the economy and business are gradually back on the right track, the moratorium should cease by then,” he said.

Foo said this in response to the announcement of a series of additional financial aid packages by Minister of Finance Tengku Zafrul Aziz, yesterday.

On the same note, Foo opines the banking sectors in the nation should also automatically extend the deferment of loan repayment for three months in offering timely relief to its borrowers adversely affected by the Covid-19 pandemic.

He said the moratorium is the most effective and practical way to relieve the economic burden and pressure of the people and enterprises.

“The people are in the most tenacious fight against the ever severe fourth wave of the epidemic, leading to the reintroduction of Movement Control Order (MCO) 2.0 across the whole nation except Sarawak, but including Sibu.

“The hardness of life is deeply felt by the people, with many companies facing the crisis of winding up and closing down at any time, causing unemployment and other social problems. The distress and misery are beyond the words,” he added. –DayakDaily.